5 Questions
What does Principle 1 of alignment mean in the context of business strategy?
Strategic alignment means gearing a bank’s business strategy towards being consistent with, and contributing to, the Sustainable Development Goals (SDGs), the Paris Climate Agreement, and other relevant national, regional, or international frameworks.
What are some of the frameworks that a bank should align its business strategy with?
A bank should align its business strategy with the Sustainable Development Goals (SDGs), the Paris Climate Agreement, and other relevant national, regional, or international frameworks, such as the UN Guiding Principles on Business and Human Rights.
Why is it important for a bank to align its strategy with society's goals?
By aligning its strategy with society's goals, the bank shows that its business, and the products and services it provides, can support a sustainable future while achieving long-term business benefits.
What does it mean for a bank to accept its shared responsibility?
Accepting shared responsibility means acknowledging the bank's role in contributing to a more sustainable future and actively working towards achieving it.
How does strategic alignment benefit a bank's business?
Strategic alignment benefits a bank's business by demonstrating its commitment to sustainability, attracting socially conscious customers, and positioning itself for long-term success in a changing global landscape.
Test your knowledge on strategic alignment and its importance in contributing to the Sustainable Development Goals, the Paris Climate Agreement, and other national and regional frameworks. Take this quiz to assess your understanding of how businesses can align their strategies with societal needs and goals.
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