Stanbic IBTC Holdings PLC (Stanbic IBTC), a member of Standard Bank Group, released its 2020 Sustainability Report to showcase its positive contributions that were centered on achieving the United Nations’ Sustainable Development Goals (SDGs).
The SDGs are geared towards improving societies for humanity and advancing sustainable development in the Nigerian community. The Stanbic IBTC sustainability report highlighted the organisation’s environmental, social and governance (ESG) practices, which cut across corporate social investments (CSI), environmental and social risk management practices, and performance.
Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, commented at the report’s release, “the Sustainability Report has highlighted our shared values in 2020, and is expected to help our key stakeholders better appreciate our long-term priorities to ensure financial, social, and environmental sustainability in our business operations.
Our sustainability ambition is to become the leading financial institution driving sustainable finance solutions in Nigeria, and we have defined a sustainability strategy that is anchored on four pillars to achieve this.”
Stanbic IBTC’s sustainability pillars are aligned with the Nigerian Sustainable Banking Principles. The Group’s defined pillars are building environmental resilience, expanding business model and innovation, enhancing social relationships, and strengthening leadership for sustainability governance.