Nigeria: Access Bank – Enabling a Sustainable Future

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With sustainability at the heart of Access Bank’s operations, the bank has embarked on numerous initiatives targeting different areas of society to help improve the Nigerian economy and help Africa achieve development goals. sustainable by 2030.

Access Bank’s sustainability strategy has continued to evolve as the financial institution constantly seeks to meet the demands of a dynamic and rapidly changing world.

The bank has kept the pulse of sustainability innovation in Nigeria as well as other parts of the world where it operates as it continues to improve the performance of its core business, its environmental footprint and the good -be social of the communities where it operates.

With a solid reputation as a responsible business in Africa, Access Bank aims to become “the most respected African bank in the world”.

As a result, the bank continued to integrate economic, sustainability and governance (ESG) policies as central elements of its growth strategy. He says it aims to catalyze opportunities to provide finance for sustainable development. Approaches such as blended finance and green investing, which provide unique opportunities for investors to gain a foothold in emerging markets in Africa, are actively adopted and promoted by the bank.

This is because Access Bank’s innovative and optimal risk management strategies are aligned with the bank’s core business strategy. This has allowed it to maintain its lead on the frontiers of sustainability in the financial services industry.

Having established itself as the African leader in sustainable development, winning the “Outstanding Corporate Sustainability Award” at the Karlsruhe Sustainable Finance Awards; “Most socially responsible company of the year (overall winner)” at the Sustainability, Enterprise and Responsibility (SERA) awards, among others, the bank continued to offer support to SMEs integrating social and environmental considerations into their business operations.

In 2021, Access Bank more awards, in recognition of the efforts of the management led by Herbert Wigwe to promote sustainability.

For example, the bank was named “Nigeria’s Best Commercial Bank” at the 2021 International Banker Awards. It received the prestigious award due to its significant progress in becoming Africa’s gateway to the world. The International Banker Awards are a respected industry event that celebrates and rewards leading people and organizations, setting new performance benchmarks and pushing the boundaries of the financial industry.

Commenting on the recognition, Wigwe said, “We are grateful for this recognition of our tireless efforts to become a world class financial institution. The important position we occupy today in the African financial sector has been achieved through a strong long-term approach. to customer solutions – providing sustainable and innovative services.

“As part of our growth strategy, we remain focused on integrating sustainable business practices into our operations. This recognition encourages us to continue to capitalize on our successes and to invest even more in sustainable, profitable, environmentally friendly and socially relevant economic growth, ”he concluded.

Wigwe was also recognized as Africa’s Best Bank CEO of the Year. He was recognized for his visionary, innovative and transformational leadership in driving the market expansion of the largest bank in Sub-Saharan Africa despite the negative impact of the COVID-19 pandemic.

Under Wigwe’s leadership, Access Bank launched the Nigerian Green Bond Market Development Program. The initiative, organized in partnership with FMDQ OTC Securities Exchange, Financial Sector Deepening (FSD) Africa, Climate Bonds Initiative (CBI) and the Securities and Exchange Commission (SEC), was set up to develop a market for non-green bonds. sovereignty that embed the principles of sustainability in Nigerian capital markets.

Access Bank had also invested more than N10.25 billion in various corporate social responsibility efforts, affecting more than 194 communities and 43 NGOs. These projects have focused on our priority areas of CSR which are health, education, sport, arts, environment, women’s empowerment and social well-being.

Other accolades won by the bank include “Best Bank (Nigeria) and Sustainable Bank of the Year (Africa)” at the International Investors Awards. According to the awarding body, the recognition testified to the innovative and pioneering activities of Access Bank in predetermined areas, as stipulated by the independent jury, including Thomson Reuters. He noted that the bank had successfully consolidated its position as “Africa’s gateway to the world”, rapidly expanding its operations to the Cameroonian, Kenyan, South African and other markets. In addition, he noted that the bank has launched many innovative initiatives in sustainable development, becoming a founding member of the Private Sector Coalition Against COVID-19 (CACOVID), creating a free digital platform for fight against gender-based violence – in partnership with HACEY Initiative Santé, among many others.

“Access Bank continues to innovate as it seeks to realize its vision of becoming the most respected African bank in the world. The importance of offering the best services, while keeping an eye on the future, with the implementation of sustainable business practices is given greater recognition within the bank, ”also noted the organizers.

In addition, last year Access Bank also received the ‘Best Bank in Nigeria’, ‘Best Private Bank in Nigeria’ and the Pan-African ‘Sustainability Award’ awards at the 2021 EMEA Finance African Banking Awards. Awards.

According to the organizers of the award, the bank is the first African commercial bank certified for sustainability, achieving the highest level of sustainability certification under the Sustainability Standards and Certification Initiative (SSCI) program. This, he noted, was yet another affirmation of his sustainability leadership, demonstrating his strong commitment to influencing the positive transformation of the market.

Access Bank was awarded the 2021 first sustainable finance awards by Global Finance. The bank won the award in two of the award categories: Outstanding Leadership in Sustainability Transparency, Africa; and Outstanding Leadership in Green Lending, Africa.

Additionally, the bank won five awards at the 2021 Global Brand Magazine Awards. A breakdown of this showed that the bank came out the winner in five categories, namely – Best Mobile Banking App, Africa; Best agro-banking brand, Nigeria; Best Digital Banking Brand, Nigeria; Best CSR Bank, Nigeria and Best Bank for Investor Relations, Nigeria.

Access Bank Plc also received the ‘Best Bank in Nigeria’, ‘Best Private Bank in Nigeria’ and ‘Pan African Sustainability Award’ awards at the 2021 EMEA Finance African Banking Awards.

Likewise, Global Finance recognized Access Bank as the first African bank to qualify for the 2X Challenge, an initiative founded by the G7 development finance institutions, due to the bank’s continued commitment to mobilize investments that promote the economic empowerment of women.

Among other accolades, Group Head, Corporate Communications, Access Bank, Amaechi Okobi, was last year also honored with the “Covid-19 Response Banker of the Year Award” at the recent 56th Annual Bankers’ Dinner organized by the Chartered Institute of Bankers of Nigeria. The award category recognized and celebrated industry players who have gone beyond the call of duty in innovative ways to ensure business continuity and ensure the protection of lives, property and business interests during the global pandemic.

Receiving the award, Okobi said, “Indeed, COVID-19 has disrupted our lives and our business procedures. Before the pandemic, I and many others in this room were able to meet teammates, visit favorite hangouts, and move around freely. COVID -19 has changed all of that. Being someone who takes relationships seriously, I was determined to do my part to restore some form of normalcy to society while protecting lives and business interests. “

“However, all of my brilliant ideas would not have seen the light of day without the amazing team at Access Bank and broadly, CACOVID, who have worked tirelessly to ensure that we make an impact on lives during such a truly trying time. . “

Commenting further on the awards, Wigwe said, “At Access Bank, we are committed to setting the bar for responsible business practices, demonstrating the corporate brand’s commitment to addressing social, economic and environmental challenges as part of our relentless efforts to deliver more This, combined with our vision to become the most respected African bank in the world, has led us to take the lead in promoting sustainable banking practices, financial inclusion and the diversification of our local economies through altruistic CSR initiatives that have had an impact on the lives of many people,

“Today we are one step closer to that vision, and we are honored to have received these awards as we continue to work to deliver value to all of our stakeholders.”

Over the past decade, Access Bank has consistently achieved its goal of setting the tone for sustainable banking practices in Africa. The bank also continued to deliver value to its growing customer base and to deliver innovative solutions for the markets and communities in which it operates.

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