Governance and Ethics

Our Environmental, Social, and Governance (ESG) practices are guided by:

Our Environmental, Social, and Governance (ESG) practices are guided by:

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.

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 diligence and monitoring to support responsible risk decision-making.

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.

The International Finance Corporation (IFC)’s Environmental and Social Performance Standards define IFC clients’ responsibilities for managing their environmental and social risks.

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. 

Corporate Social Responsibility

As Africa’s Global Bank, United Bank for Africa (UBA) is committed to the highest sustainability standards in our business practices and operations. We are at the forefront of consistently delivering sustainable financial services across all our countries of operation. The Bank fully understands the impact of local economic, social, and environmental factors on its operating environment. As part of our strategic intent, we commit 1% of the group’s annual profit to Corporate Social Responsibility (CSR) activities geared towards protecting the environment, promoting educational endeavours, fostering economic empowerment, as well as supporting other sustainable projects. UBA Foundation is committed to caring for the communities in which the bank operates.

With the widest financial service reach in Africa, UBA Foundation can leverage and facilitate philanthropic ventures unlike any other institution. UBA Foundation is actively involved in several initiatives and projects that not only bridge the literacy gap but also encourage economic and environmental sustainability.

We are big on Corporate Governance

United Bank for Africa Plc (UBA Plc) holds good corporate governance as one of its core values and confirms its commitment to the implementation of effective corporate governance principles in its business operations, in line with the applicable Corporate Governance Codes.

In order to promote effective governance of the Bank, relevant structures have been put in place for the execution of the Bank’s Corporate Governance strategy, as elucidated in its Governance Charters, such as the Board, the Board Committees, and Executive Management Committees.

The Board of UBA Plc has also always places considerable emphasis on effective communication with its shareholders. The Bank ensures the protection of statutory and general rights of shareholders at all times, particularly their right to vote at General Meetings. All shareholders are treated equally regardless of their equity interest or social status.

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