WWF and ShareAction are among 12 NGOs to be appointed to the new Civil Advisory Body of the Principles for Responsible Banking (PRB).
The body will be responsible for collective engagement with the PRB’s 219 signatories and will evaluate their progress. Other members include Ceres, FGVces, the John D. Gerhart Center, Conservation International, Climate Action Network, the Business and Human Rights Resource Centre, the Sustainability Accounting Standards Board, UNI Global Union and the European Federation of Investors and Financial Services Users.
The Principles were set up in 2019 to encourage banks to align their financing with the Paris Agreement and Sustainable Development Goals. Members include BNP Paribas and Deutsche Bank, and represent over a third of the global banking industry.
The advisory body was chosen following an open application process and period of public consultation, which saw 45 organisations compete for the places.