The Central Bank joined the IFC Sustainability Network

2019/3/12 16:07


{Baghdad: Al Furat News} The Central Bank has announced that it has joined the IFC Sustainability Network.

He said in Baanaleom Tuesday that the central bank joined the Sustainability Network in the International Finance Corporation, "noting that" sustainabilityframework defines the strategic commitment of the institution towards sustainable development through the adoption on environmental sustainability and social performance standards. "
"In order to keep abreast of international developments in this area, the Bank announces its joining the IFC Sustainability Network, which includes several countries (developed and developing) in order to implement the principles of sustainability mentioned in the Corporate Governance Guide, 9) principles , namely: -
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Business activities: banking and environmental risk management - integrating environmental and social considerations in the decision on the organization 's activities to avoid taking practical or reduce or offset the negative effects.
business processes: the environment and social footprint - avoid or minimize or compensate the effects of population Endodontic operations business enterprise on the local and environmental communities in which they operate and, where possible , promote the positive effects..
Human rights - respect for human rights in the operations and commercial activities of the Foundation.
Economic empowerment of women - promoting economic empowerment of women through the culture of the workplace for both sexes , male and female in the processes commercial institution.
financial inclusion - seek to provide financial services to individuals and communities that are traditional and have limited access or can not access the formal financial sector.
Governance - Apply strong and transparent corporate governance practices.
Capacity Building - Developing individual and sectoral institutions to identify social and environmental risk management and opportunities associated with business activities and processes.
Collaborative partnerships - Collaborate with all sectors and take advantage of international partnerships to accelerate collective progress and improve the sector as a single unit to ensure that the organization's vision complies with international standards.
Reports - Review and review reports regularly on the progress track to meet these principles at the individual and sectoral level.