The Group Deputy Managing Director of the bank, Roosevelt Ogbonna,
stated this at the launching of the Nigerian Green Bond Market
Development Programme, organised by FMDQ OTC Securities Exchange in
partnership with Financial Sector Deepening Africa (FSD Africa) and
Climate Bonds Initiative, in Lagos at the weekend.
Speaking on the theme: “Access Bank’s Sustainability Journey”, he said
the bank has put in place various initiatives to drive the level of
engagement and systems designed to generate more ideas that will
strengthen the sustainable agenda of the Nigeria economy.
According to him, by recognising and understanding challenges to
sustainability, the bank has succeeded in managing risks and capturing
new market opportunities.
“As the world advances we can see that sustainability is the future, we
promise to continue to be the face of social and environmental
development; as well as facilitate an economy that is all inclusive and
progressive.
“We recognise that a better and prosperous future is linked to the well-being and health of our planet.
Thus, the protection of the environment is germane to us. Waste
reduction initiatives form a key part of our cost reduction strategy.
Our Save Paper initiative launched across several business locations
is with the aim of cutting printing and paper use by 50 per cent.
“Also, we have trained, not just our staff but our clients, colleagues
in other firms so in all of these processes, we have been able to lift
participants already and potential participants so as we are now moving
into the green bond space, all of these prior wotk shows that we have
ready projects for this kind of journey.”
On the projects the bank is targeting to be financed through the green
bond, Ogbonna said: “The projects that are more impactful are the ones
we are targeting, especially in the sense of the people and the
environment.
The biggest project is usually impact in infrastructure, anything
that is going to cut down on processes that are burning diesel every
day, burning oil into the atmosphere.
Access
Bank Plc said it has created a pipeline of projects that can be
packaged as green projects that are eligible for green bond financing,
as part of efforts to tap into the Federal Government’s green bond
initiative.Pages
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