Access Bank marks UNEPFI global principles for responsible banking pact
Access Bank Plc has marked two years of signing the Principles for Responsible Banking, promoted by the United Nations Environment Programme Finance Initiative (UNEP FI), the financial industry’s alliance with United Nations (UN).
Established on September 22, 2019, the Principles for responsible banking serve as a guide for banks committed to using their activity to create a positive impact on the lives of people and societies.
Since then, the Principles have been signed by 247 banks in 63 countries, with Access Bank, amongst others, recognised as founding signatory banks in Nigeria.
Over the years, the bank has consistently focused on adhering to the six Principles of Responsible Banking, which include aligning strategies to the United Nations Sustainable Development Goals, the Paris Agreement, and other relevant societal references.
The Bank is committed to mobilising sustainable financing, as well as developing innovative financial and non-financial solutions.
Group Managing Director of Access Bank, Herbert Wigwe, emphasized the bank’s dedication to sustainable banking, stating that the bank’s sustainability approach is driven by a desire to impact lives positively now and in the future.
He said, “As a bank, we are committed to ensuring community well being and prosperity while fostering sustainable economies across Africa. We strongly believe that our clients, users, and businesses can only thrive better in an inclusive society based on human dignity, equality, and the sustainable use of natural resources.” “That is why we are committed to adhering to the Principles for Responsible Banking as a practical guide for a responsible and sustainable banking model. We encourage other financial institutions to follow suit.” Head, Sustainability, Access Bank, Omobolanle Victor-Laniyan, elaborated on the Bank’s strong focus on retail banking, intentionality in driving financial inclusion and sustainability.
