FirstBank's Commitment to Sustainability and Growth
FirstBank has made significant strides in promoting sustainability and environmental, social, and governance (ESG) practices, positioning itself as a leader among financial institutions in West Africa. The bank has committed to investing $9 million in solar home projects across Africa by 2025, enhancing energy access and reducing reliance on fossil fuels.
Additionally, FirstBank has fulfilled a three-year commitment to the Nigerian Conservation Foundation (NCF) to plant 51,000 trees across Nigeria, which will help absorb approximately 720 tons of carbon dioxide. The bank's sustainability initiatives also include impacting 1 million students through financial literacy programs and empowering 2,000 female employees through the FirstBank Women Network.
FirstBank has screened 340 corporate transactions for ESG risks worth almost $5 billion. The bank's commitment to sustainability has earned it numerous awards, including recognition as Nigeria's best bank for ESG by Euromoney for the second consecutive year.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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