By Barnabas Esiet.
Fidelity Bank Plc has taken a pioneering step in sustainability reporting, becoming the first Nigerian bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report.
The report, available on the bank’s website since June 30, 2024, provides comprehensive insights into Fidelity Bank’s governance, strategy, risk management, and metrics, as well as its targets and achievements in sustainability, climate-related risks, human capital, community efforts, and other areas.
Fidelity Bank Chairman, Mustapha Chike-Obi, highlighted the bank’s significant milestones in its sustainability journey, including becoming a signatory to the UN Environment Programme Finance Initiative (UNEP FI) Principles for Responsible Banking (PRB) and the UN Women’s Empowerment Principles (WEP).
These associations have enabled the bank to integrate sustainability and climate-related goals into its core business strategy and daily operations.
The report, prepared in accordance with IFRS S1 and S2 requirements, showcases Fidelity Bank’s achievements and targets as a leading organization in Nigeria’s financial services sector.
Executive Director/Chief Risk Officer Kevin Ugwuoke emphasized the bank’s commitment to prioritizing ESG and climate-related considerations in its operations, constantly exploring ways to minimize negative environmental and social impacts.
This report reinforces Fidelity Bank’s leadership in sustainability, following a recent survey by the Independent Project Monitoring Company (IPMC) Limited that recognized the bank’s excellence in ESG performance.
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