The Bank of Industry (BOI),has become an official signatory of the UN sustainable principles for responsible banking,its spokesperson,Hadiza Olaosebikan,said
The principles for responsible banking, an initiative of UNEP, an agency of the United Nations (UN), provides a framework of six principles for integrating sustainability in the heart of banking operations.
She quoted Olukayode Pitan, BoI managing director,as expressing optimism that the development would boost the bank’s credibility.
“We are honoured to be the first Development Finance Institution in Nigeria to commit to the UNEF FI Principles for Responsible Banking alongside other leading DFIs in the international space.This global framework strengthens our approach to addressing the sustainable development challenges of our economy by critically analyzing our market to identify pressing needs of our communities, environment and customers.
“This partnership, which is another pioneering effort for the Bank, is in line with our dedication to lead the Development Finance industry in Africa to improve the overall strategic impact of our interventions towards environmental management, social development, industrialization, and poverty alleviation, through sustainable finance.”
He said the development will position the bank as the leading development bank out of Nigeria — promoting social, environmental and economic development through business operations and activities.
He expressed that the BoI is proud to join the group of global banks facilitating sustainable finance.
