Governance and Ethics
Our Environmental, Social, and Governance (ESG) practices are guided by:
Developed by and for the country’s banking sector, the Nigerian Sustainable Banking Principles (NSBP) signal our collective commitment to environmentally responsible, socially relevant economic growth. The Principles are based on leading international sustainable finance standards and developed in line with Nigerian development needs. Read more here.
The Equator Principles (EPs) is a risk management framework adopted by financial institutions for determining, assessing, and managing environmental and social risk in projects. The EPs are intended to provide a minimum standard for due giligence and monitoring to support responsible risk decision-making. Read more here.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a globally shared blueprint for peace and prosperity. At its heart are the 17 Sustainable Development Goals (SDGs): an urgent call for action by all countries in a global partnership. The SDGs recognize that ending poverty and other deprivations must coincide with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests. Read more here.
The World Bank Group Environmental, Health, and Safety Guidelines (EHS Guidelines) are technical reference documents with general and industry-specific examples of Good International Industry Practice (GIIP) and are referred to in the World Bank’s Environmental and Social Framework and in IFC’s Performance Standards. The EHS Guidelines contain the performance levels and measures that are normally acceptable to the World Bank Group, and that are generally considered to be achievable in new facilities at reasonable costs by existing technology. Read more here.
The International Finance Corporation (IFC)’s Environmental and Social Performance Standards define IFC clients’ responsibilities for managing their environmental and social risks. Read more here.