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Access Bank adopts new environmental protection framework

Access Bank Plc has joined in the campaign for a healthy society and environmental protection, with the adoption and integration of an Environmental and Social (E and S) risk management considerations in its business operations.

According to a statement by the bank, this is designed to ensure that different phases of the Bank’s business operations do not degrade the environment or cause social harm.

The bank noted that its decision to inculcate the programme into its operations, was borne out of the fact that the inclusion of environmental and social (E&S) risks in financial analysis and decision making is growing in importance for financial institutions around the world.

The bank further stated that its is another demonstration of its commitment to adoption of responsible best practice and resolve to continuously positively impact humanity and the environment.

The statement, signed by Olusegun Fafore, Corporate Affairs Officer of the bank, explained that in execution of the initiative, Access Bank conducted an environmental and social Cost-Benefit Analysis study and carried out a review of its E and S policy with consequent production of sector specific policies.

“Also, a detailed assessment toolkit with respect to the Bank’s lending activities as entrenched in its risk management and corporate social responsibility objectives was consequently developed,” he said

He added that on realising the benefits offered by the adoption of this initiative to the overall economy and financial services sector, the bank organised a capacity building session for industry operators to bridge the capacity gap in the implementation of the principle.

He explained that the capacity development workshop was organised in conjunction with international partners such as the FMO, International Finance Corporation, (IFC), African Development Bank (ADB) and Proparco, adding that the sessions were facilitated by globally acknowledged experts on Sustainability.

He said, “Guest Speaker at the workshop was Mr. Herman Mulder, a thought leader in the area of Sustainability who was former Head of Group Risk Management at ABN AMBRO, while Ebenezer Olufowose, Executive Director, Financial Markets, Access Bank Plc also shared experience at the workshop from the Nigerian perspective.

“Access Bank, the winner of the African Banker Magazine Year 2010 Awards in the “Most Socially Responsible Bank of the Year” category is an institution with a robust history of pioneering industry defining initiatives.”

Over the past 5 years, the Bank has acquired financial strength by adhering to socially responsible goals. It has continuously displayed a strong commitment to global health issues by leveraging its people and financial resources to invest in successful health programmes in Nigeria and other African countries.

The Bank recently demonstrated its reputation as a good corporate citizen by donating the sum of USD1 million to the Global Fund “Gift from Africa Project” to support the fight against the triple pandemics of HIV/AIDS, Malaria and Tuberculosis. This gesture makes Access Bank the single largest African private sector donor to the Global Fund.


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