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Charting the horizon towards sustainability
Worldfinance· 2025-12-11 14:28
Core Perspective - Banco Popular Dominicano is positioning itself as a leader in sustainable banking by integrating sustainability into its business model and institutional structure, addressing complex social, environmental, and economic challenges [2][3]. Sustainability Strategy - The bank's sustainability strategy is built on eight fundamental elements, including addressing societal expectations, ethical management principles, alignment with Sustainable Development Goals (SDGs), and adherence to the Principles for Responsible Banking [4][5]. - The strategy emphasizes the importance of sustainability in enhancing competitiveness and creating shared value, alongside diverse initiatives in energy efficiency, financial inclusion, and community development [5][6]. Corporate Communication - Effective corporate communication is crucial for building Banco Popular's credibility and reputation, fostering a culture aligned with sustainable values, and promoting strategic partnerships [8]. - Transparent communication helps stakeholders understand the rationale behind sustainable decisions and strengthens institutional reputation [8]. Key Projects and Achievements - Banco Popular has approved over $525 million in renewable energy projects, resulting in 780 MW of installed capacity, and has disbursed more than RD$3,000 million (approximately $47 million) in green products, benefiting over 800 individuals [11]. - The bank's initiatives, such as 'Emprende Mujer' and 'Finanzas con Propósito,' have positively impacted over 1,200 women and awarded 650 scholarships, while supporting more than 75,000 small and medium-sized enterprises [12]. Community Engagement - Fundación Popular has led various health, education, and environmental projects, benefiting over 500 professionals through postgraduate programs in CSR and sustainability [13]. - The bank's volunteerism, with over 3,000 employees participating in community initiatives, reflects a corporate culture aligned with its sustainability goals [14]. Future Outlook - The future of sustainability in banking requires ethical and committed communicators who can drive transformation, with Banco Popular demonstrating that sustainability can be a central pillar of corporate strategy without sacrificing profitability [15][16].