HCW welcomes collaborations with signatories of the Principles for Responsible Banking and the Principles for Responsible Investment. The goal is to form strategic alliances that can benefit from the common timelines and synergies that exist among opportunity zones that promote sustainability, banks that seek to broaden the scope of their CRA compliance activities and the 2030 Agenda for Sustainable Development, which focuses on the 5Ps of People, Planet, Prosperity, Peace and Partnership.
Helping Communities Work can enhance CRA compliance programs, community benefits agreements and the reinvestment of any capital gains attached to the sale of Payroll Protection Plan loan portfolios. Focus areas include: education, jobs creation, human capital and workforce development, land acquisition and the technology-assisted construction of workforce and other affordable housing.
Helping Communities Work promotes the Principles for Responsible Banking in order to empower individual and institutional investors to significantly broaden and measure the social, economic and environmental scope, impact and value proposition of their investments. 220 banks have now joined the responsible banking movement for change, and they represent more than a third of the global banking industry. This is a journey of unprecedented scale and scope at a time when such ambition is urgently needed. https://www.unepfi.org/banking/bankingprinciples/