BoI becomes a signatory of the United Nations Responsible Banking Principles
The Bank of Industry (BOI) has become an official signatory of the United Nations Principles for Responsible Banking, a unique framework for a sustainable banking sector developed through a partnership between banks around the world and the United Nations Program Finance Initiative. United Nations for the Environment (UNEP FI).
The Principles provide the main framework for ensuring that banks’ strategy and practices align with the vision that the company has set out for its future in the United Nations Sustainable Development Goals and the Paris Climate Agreement.
Mr. Olukayode A. Pitan, Managing Director / Managing Director of Bank of Industry, noted in a statement that banks that have signed the Principles commit to be ambitious in their sustainability strategies, striving to incorporate and to integrate sustainable development at the heart of their activities, while allowing them to remain at the forefront of sustainable finance.
Pitan said, “We are honored to be the first development finance institution in Nigeria to commit to the UNEF FI Principles of Responsible Banking alongside other leading DFIs in the international space. . This global framework reinforces our approach to meeting the challenges of the sustainable development of our economy by critically analyzing our market to identify the urgent needs of our communities, our environment and our customers.
“This partnership, which is another pioneering effort for the Bank, is in line with our commitment to lead the development finance industry in Africa to improve the overall strategic impact of our interventions in environmental management, social development, industrialization and poverty reduction through finance. “
“Signatories to the Principles take a leadership role, demonstrating how banking products, services and relationships can support and accelerate the changes needed to achieve shared prosperity for present and future generations, building a positive future for people and society. planet. These banks are also joining the world’s largest global banking community focused on sustainable finance, sharing best practices and working together on practical advice and pioneering tools for the benefit of the entire industry.
“In line with BOI’s vision to be the leading development finance institution in Africa, transforming industries in a sustainable manner and operating according to global best practices, the Bank believes that these principles provide an opportunity for alignment with standards. international organizations for sustainable development, while giving credibility and authority to its institutions and commitments. This action is also in line with the Bank’s sustainable development strategy aimed at responsibly transforming lives and businesses through sustained interventions in the areas of economic development, environmental protection, social impact. , ethics, governance and partnerships; improve the world for generations to come.
“As Nigeria’s premier development finance institution, BOI is a driving force for sustainable development through investments across the country. By the very design of our business strategy, we are positioned to be Nigeria’s leading development bank, promoting social, environmental and economic development through our operations and business activities. We are proud to join this important group of global banks facilitating sustainable finance, ”added Pitan.