Banks should be the change agents for economic and social developments especially in the emerging economies. These concerns regarding environmental issues informed our decision to act on matters relating to climate change in our business operations.
As a financial Institution, our carbon foot print may be considered relatively low. However, we have looked inward into our processes and operations to tackle issues such as Resource Efficiency and Pollution Prevention as a result of our business operations and activities.
Currently, the bank has a Carbon Footprint Policy which guides our business operations and we have also developed an Environmental and Social Risk Management Framework to identify and manage environmental and social (E&S) risks that may be peculiar to our business model and those of our customers.
We have also created financial solutions for our customers that goes beyond financial advisory to proffering solutions on how to manage environmental and social (E&S) risks associated with our customer’s businesses. This is done by integrating E&S risks evaluation into our decision making process for bank-financed projects.
As a socially responsible Bank we adopted the triple bottom line analysis in our business activities. We review all requests for customers in the key sectors recommended by the Central Bank of Nigeria (CBN) for E&S risks and ensure we minimise the impact of our business activities on the environment.