FINANCIAL SERVICESAccess Bank Nigeria Plc spent N9.34 billion on CSR in 2019 - The Gallant News

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Saturday, 19 December 2020

FINANCIAL SERVICESAccess Bank Nigeria Plc spent N9.34 billion on CSR in 2019

 The sum of N9.34billion was spent by Access Bank on Corporate Social Responsibility in 2029, according to the bank’s report.



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Access Bank Nigeria Plc has revealed that it spent the sum of N9.34billion on Corporate Social Responsibility, in a bid to live up to its role as a responsible corporate citizen.

This is according to a recent report by the bank tagged “Access Bank Plc – 2019 Sustainability Report,” made available on the Nigerian Stock Exchange platform.

READ: Access Bank N15bn green bond set to be the first cross listing ensuing from NSE-LuxSE partnership

Nairametrics gathered from the report that a large focus of the bank’s CSR efforts has been on health and education, which is evident from its numerous initiatives, such as the Adopt-A-School Programme, project L.E.A.D amongst others.

The report stated that the bank carried out over 2,500 HIV tests during the 2019 Access Bank Lagos City Marathon.
In addition, it also provided improved access to healthcare for over 90,000 beneficiaries through its partnership with Aspire Coronation Trust Foundation.
Furthermore, the report emphasized that the Bank had made further investments in alternative energy, bringing the total number of its solar-powered ATMs to 605.
The bank also reduced its carbon footprint through the implementation of more environmentally-focused initiatives, including the expansion of its waste recycling initiative, through which it achieved a 5.5% increase in the amount of waste recycled.
To improve its waste management system, it launched a Paper to Pencil recycling initiative to convert Access and Diamond Bank’s branded paper waste to pencils for schools.
The bank noted that the use of alternative energy sources across most of its branches led to a 33.6% reduction in electricity consumption for 2019.
READ: FBN Holdings Plc posts Profit of N21.9 billion in Q3 2020

What you should know
Access Bank Nigeria Plc was ranked as the 2019 overall best company in corporate social responsibility (CSR) and sustainability in Nigeria by Forbes Africa.
To demonstrate its commitment to sustainability, the bank in 2019 issued a N15 billion green bond, the first-ever corporate green bond in Africa to be ‘Climate Bonds Certified.’












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