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Select one commercial bank and one NBFI and explain how they are meeting the 17 SDGs...

Select one commercial bank and one NBFI and explain how they are meeting the 17 SDGs of the United Nations.

Expert Solution

Firstly want to mention the 17 SDGs of UN for the purpose of transforming the World.

- No Poverty

-Zero Hunger

-Good Health and Well being

-Quality Education

-Gender Equality

-Clean Water and Sanitation

-Affordable amd Clean Energy

-Decent Work and Economic Growth

-Industry innovation and Infrastructure

-Reduce Inequality

-Sustainable Cities and Communities

-Responsible Consumption and Production

-Climate Action

- Life below Water

-Life on Land

-Peace , Justice and Strong Institutions

-Partnership to achieve the goal

Commercial Bank- CITI Bank

Citi Bank has played an important role in achieving the UN's SDGs. The Bank has identified 7 goals on which they have the greatest impact.

+Citi endorsed the UN principles of Responsible Banking. The first US bank.

+More than 246; financial institutions around the globe as a part of UN Environmental Programme Finance initiative.

+Banks are committed to the initiative required to set public targets and report back on their progress. It made an image of Responsible Bank.

+Citi's other efforts include the release of a climate disclosure report which analyzed and discloses climate risks related to business as well as commitment to source renewable power for 100% of its global energy needs by 2020.

NBFI- World Bank

The SDG adopted in 2015are an historic global achievement. These 17 targets in areas such as health, gender, jobs and poverty reduction are part of comprehensive global agenda of world bank to end poverty in a single generation.

-World Bank's own twin goals to end poverty and build shared prosperity in a sustainable manner.

-UN's target to end extreme poverty by 2030 is now the aim of World Bank group also.

-$400bn spending in development from 2016-2018as well as promoted domestic resource mobilization.

-The Bank group Commitment to Household budget surveys for the 78 poorest countries.

- As per Paris Agreement talks,Bank group announced targets for the percentage of portfolio that will be climate financing.

- WB group listens to country partner that are seeking to reach the SDGs.

jeff jeffy answered 2 years ago

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