on society in two ways: first, by removing, or at least mitigating, any negative impact it may have; second, by taking positive steps to help communities through its employment practices, fundraising, volunteering and charitable giving. Third, the Environmental pillar focuses on climate change. It shows how banks should minimize any negative impact their activities may have on the environment and extend their sustainability policies to taking steps to protect the environment from others by, for example, refusing to lend to businesses that harm the environment, or by insisting that key suppliers adhere to prescribed sustainability standards. Last, Sustainable banking requires also good governance and effective risk management. The business line management, the executive board and the supervisory board must understand and implement the bank’s sustainability policy, as well as comply with all relevant laws, regulations and industry standards. The principles of sustainable banking: According to Global Alliance for Banking on Values (GABV), a sustainable bank has to apply the following principles: Principle 1: Triple bottom line approach at the heart of the business model A sustainable bank should focus simultaneously on the three main pillars of this approach: People, Planet and Prosperity . Thus, the products and services should be designed and developed to meet the needs of people, safeguard the environment and generate reasonable profit. Principle 2: Grounded in communities, serving the real economy and enabling new business models to meet the needs of both Sustainable banks attend the needs of their communities through financing sustainable enterprises that respect the sustainability standards. Principle 3: Long-term relationships with clients and a direct understanding of their economic activities and the risks involved Sustainable banks establish strong relationships with their clients and are directly involved in understanding and analyzing their economic activities and assisting them to become more sustainable themselves. Principle 4: Long-term, self- sustaining, and resilient to outside disruptions Sustainable banks adopt a long-term perspective to make sure they can maintain their operations and be resilient in the face of external disruptions. At the same time, they recognize that no bank, or its clients, is entirely immune to such disruptions.