NFU Position Paper – Mainstreaming the social agenda in sustainable finance – Short version
Executive summary
The Nordic Financial Unions (NFU) position paper "Mainstreaming Social Agenda in the Financial Sector" underscores the critical importance of integrating social considerations into financial sector operations and policies. As the financial sector plays a pivotal role in economic stability and growth, aligning its practices with broader social goals is essential for fostering sustainable and inclusive development.
Key recommendations:
- Corporate Strategies: Incorporate social objectives into core strategies.
- Sustainable Employment: Promote quality jobs, fair labour practices, and diversity.
- Social Dialogue: Strengthen employer-employee dialogue
- Transparency: Adopt transparent practices on social impact
- Regulatory Support: Governments should foster policies encouraging responsible business conduct.
- Stakeholder Engagement: Engage customers, employees, and civil society in the social agenda.
- Education: Invest in continuous training for employees.
- Social Impact Investing: Promote investments with both financial and social returns.
