International banker confirms Zenith Bank’s sustainable banking practices

By Aduragbemi Omiyale

For the second year in a row, Zenith Bank Plc has won the award Most Sustainable Bank, Nigeria award at the International Banker 2024 Banking Awards.

The CEO of the financial institution, Mrs. Adaora Umeoji, said this validates the financial institution’s sustainable banking practices and sets a benchmark for excellence within the Nigerian banking sector and beyond.

Business mail reports that Zenith Bank has been a leader in monitoring and reporting its impact on sustainability.

Since becoming the first bank in Africa to publish a standalone sustainability report under the GRI Standards: Core Option in 2016, it has consistently published assured standalone sustainability reports.

The lender is one of the few institutions in Nigeria that tracks its carbon emissions using a certified tool based on the internationally recognized Greenhouse Gas (GHG) Protocol.

Zenith Bank is deeply committed to environmental, social and governance (ESG) values ​​and subscribes to the Triple Bottom Line principle, which encompasses people, planet and profit.

As a leading financial institution serving various sectors of the economy, the bank views the management of environmental and social (E&S) risks as critical to its sustainability strategy.

“We are deeply honored to be recognized as the Most sustainable bank in Nigeria for the second time in a row.

“This prestigious award underlines our steadfast commitment to sustainability and reinforces our belief that responsible banking is essential for long-term success and social impact,” Ms. Umeoji said in a statement.

“This remarkable achievement is a testament to the visionary and impactful leadership of our Founder and Chairman, Mr. Jim Ovia. His exceptional foresight and dedication have been the cornerstone of our success.

“His ability to inspire and guide with strategic insight has been instrumental in steering Zenith Bank to new heights.

“Along with the strategic guidance of our valued board members, the relentless commitment of our ever-dedicated staff and the steadfast support of our loyal customers, his leadership has been critical in turning our sustainability initiatives into a reality.

“We owe this success to his relentless pursuit of excellence and his deep-rooted commitment to redefining the banking landscape in Nigeria,” she added.