FirstBank Screens N10tn Transactions for ESG Risks in 2025

FirstBank Nigeria screened 505 corporate transactions valued at over N10tn for Environmental, Social, and Governance (ESG) risks in 2025, significantly increasing from 237 transactions worth over N3tn in 2024. This disclosure was made during the inaugural Annual Sustainability Conference of the Sustainability Professionals Institute of Nigeria, held in Lagos, which was sponsored by FirstBank.

The bank's Managing Director and CEO, Olusegun Alebiosu, represented by Executive Director of Risk Management, Adebiyi Olagbami, stated that challenging economic conditions have reinforced the necessity for sustainability. He noted that FirstBank had finalized its Green Product Credit Policy, aligning its lending standards with various environmental and social frameworks.

The bank is also expanding its climate finance offerings, addressing the financing gap in Nigeria's clean energy transition. Alebiosu announced that FirstBank would publish its first Sustainability Report in accordance with IFRS S1 and S2.