Access Bank Plc PHOTO: thesco.webp.com
Access Bank Plc mentioned it has created a pipeline of projects that may be packaged as green projects which might be eligible for green bond ficing, as half of efforts to faucet into the Federal Government’s green bond initiative.
The Group Deputy Managing Director of the bank, Roosevelt Ogbonna, said this on 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 on the weekend.
Speaking on the theme: “Access Bank’s Sustainability Journey”, he mentioned the bank has put in place varied initiatives to drive the extent of engagement and programs designed to generate extra concepts that can strengthen the sustainable agenda of the Nigeria economic system.
As said by him, by recognising and understanding challenges to sustainability, the bank has succeeded in managing dangers and capturing new market alternatives.
“As the world advances we will see that sustainability is the long run, we promise to proceed to be the face of social and environmental growth; in addition to facilitate an economic system that's all inclusive and progressive.
“We recognise that a higher and affluent future is linked to the well-being and well being of our planet.
Thus, the safety of the atmosphere is germane to us. Waste discount initiatives kind a key half of our value discount technique.
Our Save Paper initiative launched throughout a number of enterprise areas is with the goal of slicing 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 focusing on to be financed by way of the green bond, Ogbonna mentioned: “The projects which might be extra impactful are those we're focusing on, particularly within the sense of the individuals and the atmosphere.
The largest undertaking is normally affect in infrastructure, something that's going to chop down on processes which might be burning diesel on daily basis, burning oil into the environment.