CLIMATE

We understand that our activities impact the environment in which we operate, through our consumption of energy and resources as well as through the waste we produce. We also recognize that the financial services we provide present both risks and opportunities relating to environmental protection.

Thus, we will work to be a driving force for good in the natural environment in which we operate by finding ways to avoid, minimise or offset the negative impact whilst innovating new means to achieve positive gains. 

Climate change and Greenhouse Gas emissions reduction: The Bank ensures energy efficiency by promoting or utilizing renewable power generation and adopting green standards and practices for operating and maintaining our facilities and buildings. Through our Large Enterprise directorate, we promote the use of renewable energy in our local communities by providing loans to support emerging renewable energy players in Nigeria. This ensures that renewable energy solutions reach both rural and urban areas.
Reduction in Energy consumption: We are committed to reducing our energy consumption across all our offices, driving down both cost and emission reductions. We continuously monitor energy consumption across our property portfolio and where possible, switch to more energy-efficient equipment (e.g. LED lighting, optimised Air Conditioning etc.). This helps us reduce our energy consumption significantly.
Water Efficiency: we promote the efficient use of water and seek to sustainably manage our use of water resources through the use of water cisterns in our offices to enable us to reduce, reuse and recycle our water consumption. This helps us reduce the water we consume making us more efficient.

Waste Management: we strive to manage our waste more effectively by eliminating, reducing, and recycling product and paper waste; using not only less material (e.g. less paper, less packaging, etc.) but also implementing more efficient waste management systems to responsibly dispose of waste produced.

Manage emissions from logistics and business travel: we continue to address and manage emissions from our logistics operations and business travel. Where possible, we minimize business travel and switch to digital platforms for internal and external meetings and events. Our COVID-19 protocols have promoted more virtual work solutions in our business process, enabling us to increase online attendance and reduce the need for business travel most significantly in recent times.