Luanda: Fifteen banking institutions operating in Angola have signed a 'Letter of Commitment of the Banking Sector for Sustainable Finance' in Luanda. The agreement aims to integrate environmental, social, and governance (ESG) criteria into the country's financial activities, marking a significant step towards advancing sustainable finance in Angola. According to Angola Press News Agency, the Angolan Association of Banks (ABANC) announced that this initiative is intended to support Angola's transition to a more resilient, inclusive, and low-carbon economy. The signing of the commitment took place during the Executive Workshop on Sustainable Finance, with a public presentation of the document scheduled for the IV Conference on Sustainability in Banking. In the initial phase, Access Bank Angola, Millennium AtlSntico (ATL), Banco Angolano de Investimentos (BAI), Banco Caixa Geral Angola (BCGA), Banco Comércio e Indústria (BCI), and Banco de Crédito do Sul (BCS) have signed the protocol. Additionally, Banco Eco nómico (BE), Banco de Fomento Angola (BFA), Banco BIC, Banco de Investimento Rural (BIR), Banco de Poupança e Crédito (BPC), Banco Keve, Banco Sol, Standard Bank Angola (SBA), and Banco Yetu are set to join the commitment. The initiative aims to progressively integrate sustainability into corporate governance and business strategies, incorporate climate and social risks into investment evaluations, and develop new financial instruments. Goals also include mobilizing international climate finance, training staff, and enhancing transparency through annual disclosures of progress. The letter acknowledges the challenges Angola faces due to climate change, including droughts, floods, and coastal erosion, impacting strategic sectors such as agriculture, water resources, energy, fisheries, and infrastructure. The commitment aligns with the National Strategy for Climate Change 2018-2030 and the principles of Sustainability of the Angolan Financial Sector, as defined by the National Bank of Angola (BNA). The IV Con ference on Sustainability in Banking, organized by ABANC, will be held in Luanda, focusing on the theme 'Sustainable Finance in Angola: From Strategy to Implementation with Inclusive Impact'. The opening session is expected to feature members of the Executive, regulatory entities, financial institutions, multilateral organizations, and national and international experts.