Sustainability

As a responsible Development Finance Institution transforming the Nigerian industrial sector through sustainable finance, the Bank of Industry is committed to embedding sustainability in its business practices to drive strategic social, economic and environmental impact in the communities we serve and the world at large.

By the very structure of our business and the objectives of our corporate strategy, we are positioned to be a force for global sustainable development driving economic impact by leveraging sustainable finance to alleviate poverty, reduce inequalities, and drive industry, innovation and infrastructural development, whilst promoting decent work and economic growth.
The implementation of sustainability in our corporate strategy helps us create long-term value through an integrated approach to social, environmental and economic development across our business operations and practices. This serves as the key guiding principle for the Bank’s strategic efforts toward sustainable development. It is our mission to transform lives and enterprises responsibly through sustained interventions in economic development, environmental protection, social impact, ethics, governance and partnerships; improving the world for generations to come.

In the execution of our sustainability strategy, we operate following leading frameworks to ensure continuous high performance, including the Nigerian Sustainable Banking Principles (NSBPs), the Paris Climate Agreement, the UN Sustainable Development Goals (SDGs), United Nations Global Compact, United Nations Environment Programme Finance Initiative Principles for Responsible Banking (UNEPFIPRBs), World Economic Forum amongst others. In doing so, we focus our strategy on the SDGs that are most relevant to our Bank’s operating context. This may sometimes require us to focus on specific targets and indicators underlying those SDGs. These frameworks are clearly outlined within the sustainability-focused policies of the Bank including our Environmental, Social and Governance (ESG) Policy which guides the Bank’s activities around managing the ESG risks within our institution and the businesses we finance; and the Corporate Social Responsibility (CSR) Policy which directs our efforts towards giving back to the communities we serve through interventions that improve our social, economic and environmental footprint.