The Hellenic Development Bank incorporated the Ten Principles of the ‘Green and Sustainable Framework’ policy in its strategy

The Ten Principles of the “Green and Sustainable Framework” policy have been incorporated by the Hellenic Development Bank-HDB in its strategy as a guiding line for a sustainable, transparent and responsible corporate governance.

As noted in a post by the bank on social media:

“Corporate Sustainability starts with a company’s value system and approach to business based on principles. The United Nations Universal Pact consists of ten principles in the areas of human rights, working conditions, the environment and the fight against corruption. of corruption “.

The 10 Principles in detail:

A. HUMAN RIGHTS (Universal Declaration of Human Rights)

Principle 1: The HDB is committed to upholding and respecting the protection of internationally proclaimed human rights.

Principle 2: HDB is committed to ensuring that its own activities are not involved in human rights violations.

B. WORKING CONDITIONS (Declaration of Principles & Rights at Work of the International Labor Office)

Principle 3: HDB is committed to defending its right to associate and the effective recognition of its right to bargain collectively.

Principle 4: The HDB is committed to the elimination of all forms of forced or compulsory labor.

Principle 5: The HDB is committed to advocating for the effective abolition of child labor.

Principle 6: The HDB is committed to advocating for the elimination of discrimination in recruitment and employment.

C. THE ENVIRONMENT (Principles of the Ecumenical Pact from the Rio Declaration on the Environment)

Principle 7: HDB is committed to advocating for a precautionary approach to environmental challenges.

Principle 8: HDB is committed to taking initiatives to promote greater environmental responsibility.

Principle 9: HDB is committed to encouraging the development and dissemination of environmentally friendly technologies

D. THE FIGHT AGAINST CORRUPTION (United Nations Treaty)

Principle 10: HDB is committed to combating all forms of corruption, including blackmail and bribery.

It is recalled that the sources of the Ten Principles of the UNGC are the Universal Declaration of Human Rights, the Declaration of the International Labor Organization on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development and the United Nations. .