By Peter Egwuatu & Michael Eboh
Stanbic IBTC Plc, a member of the Standard Bank Group, is partnering Hope Worldwide, a global non-governmental organization, in advancing a corporate social responsibility (CSR) platform that optimizes value for all stakeholders. This is expected to help pave the path to social change and economic development.
The partners made this known in Lagos at a media briefing to herald the 3rd HOPE worldwide annual corporate social responsibility lecture sponsored by Stanbic IBTC. The lecture holds in Lagos October 20.
Chris Newson, Chief Executive Officer of Stanbic IBTC, who was represented by Mr. Bimbola Ashriru, Director, Corporate Affairs, Stanbic IBTC, said that as a member of Africaâ€™s biggest banking group that enjoys considerable global presence, the bank will continually strive to create relationships that go beyond the bottom line, to the engagement of communities to positively impact the lives of the people.
â€œThe Standard Bank Groupâ€™s CSR philosophy is anchored on three platforms: our business, our community and our environment. The three are interwoven to achieve and sustain positive social development of the communities where we operate and even in some communities where we do not yet have business activities. Through strategic interventions in such communities, we help to create opportunities for the social and economic development of the people therein,â€ he added.
Newson said such conviction underscores Stanbic IBTC corporate social investment major focus areas, which include education, health and economic empowerment.
Yemi Osilaja, Country Director, Hope Worldwide Nigeria, said the theme of this yearâ€™s lecture, Corporate Social Responsibility: Beyond Rhetorics, is informed by the need to examine the practical and strategic application of CSR to achieving socio-economic development.
He said the lecture was conceived as part of HOPE worldwide Nigeriaâ€™s desire to sensitize the different sectors of the economy on the need for concerted effort to help Nigeria achieve the Millennium Development Goals by 2015 as outlined by the United Nations.
The lecture will, among others, emphasize a greater involvement in socio-economic development by the organized private sector in Nigeria; educate participants on contemporary global strategy for implementing CSR initiatives; evolve an indigenous strategy for CSR implementation; advance a multi-sectoral approach to CSR implementation and management and to recognize and reward individuals and corporate organizations who have been exemplary in CSR initiatives.
Renowned administrator, Dr Christopher Kolade, will chair the event which will be attended by many stakeholders drawn from both the public and private sectors.
Mr. Antonio Boyd, Vice President,Â Hope Worldwide will deliver the lecture while a high profile team of panelists, including Albert May, a CSR consultant who was the 2008 guest lecturer; Ken Egbas, Managing Director, Tru Contact Limited; and Bimbola Ashiru, Head of Corporate Affairs and CSI, Stanbic IBTC, will discuss the issues presented.