StanbicIBTC : Sustainability

About us
- - - Who we are
    - An African-focused, client-centric, digitally enabled, integrated financial solutions provider…
      
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    - Where we are
    - Operating in 20 sub-Saharan African countries with operations in key financial centres outside Africa…
      
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  - - Our performance
    - Our strategic journey towards becoming the leading end-to-end financial solutions provider continues …
      
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    - Sustainability
    - Stanbic IBTC’s sustainability and success are inextricably linked to the prosperity and wellbeing of the societies in which we operate….
      
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  - - OUR VISION
      
      To be the leading end-to-end financial solutions provider in Nigeria through innovative and customer-focused people.
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Our strategic value drivers

At Stanbic IBTC, we rely on six critical measures of success to assess our performance against our strategic focus areas.

The six value drivers encourage not only financial performance but also: performance concerning our clients and our employees, how we conduct business, and ultimately, the Social,

Environmental, and Economic (SEE) outcomes for the communities and environments in which we operate. The SEE framework serves as the core of sustainability in Stanbic IBTC.

Our approach to sustainability At Stanbic IBTC, we understand that the success of our organisation is inextricably linked to the prosperity and wellbeing of the societies and environments in which we operate. We are thus deliberate in ensuring that our core business activities and operations support the creation of shared values for our society and the environment.

This approach to sustainability has been articulated into one of our six strategic value drivers – Social, Environmental and Economic (SEE) Impact. The value drivers are our critical measures of success and they encourage not only financial outcomes, but also positive SEE outcomes.

Our SEE framework serves as the core of sustainability in Stanbic IBTC.

For us, SEE is about identifying and exploiting opportunities to grow our business by providing financial products and services that help our customers and clients address social, economic, and environmental challenges. SEE also allows us to think differently about the broad impacts of our business decisions, including our indirect impacts (our most significant impacts arising from clients we finance and invest in).

Our sustainability pillars

Our sustainability ambition is to become the leading financial institution driving sustainable finance solutions in Nigeria. To achieve this, we have thus defined four sustainability pillars in line with our SEE framework:

BUILDING ENVIRONMENTAL RESILIENCE

This pillar serves as the anchor for Stanbic IBTC environment footprint management with focus on:

To build environmental resilience, promote a green culture and a sustainable workplace, Stanbic IBTC focuses on three priority areas, including:

Reduction of carbon emission.

Efficient waste management.

Efficient management of water resources.

ENHANCING SOCIAL RELATIONSHIPS

This pillar defines Stanbic IBTC’s continuous focus on driving sustainable socio-economic growth through innovative solutions and offerings including:

Employees’ engagement and wellbeing.
Sustainable partnerships and collaboration with relevant stakeholders to improve sustainable finance solutions and investment outcomes.
Empowering communities through sustainable finance and investment solutions and community programs.

EXPANDING BUSINESS MODEL AND INNOVATION

This pillar defines Stanbic IBTC’s continuous focus on:

Financial inclusion solutions and offerings across Stanbic IBTC Group
Social finance and investments in education, health, sustainable agriculture, etc.
Finance and investment in clean energy technology like solar energy, green buildings etc. to enhance climate change mitigation and adaptation.
Environmental and social risk management in lending.
Sustainability driven supply chain – engagement with suppliers and vendors on sustainability solutions.

Strengthening Leadership for sustainability governance

This pillar defines Stanbic IBTC’s continuous focus on:

Development and implementation of appropriate sustainability or Environmental, Social and Governance (ESG) data management.
Embedding sustainability considerations in applicable processes and policies.
Proactive compliance approaches to applicable frameworks and regulations.
Reporting of sustainability activities, adopting an international sustainability reporting framework.

SEE Impact areas

We have identified seven impact areas where we believe we can best achieve our purpose (to drive Nigeria’s growth), while positively impacting society, the economy, and the environment. The seven SEE impact areas are consistent with the nature of our business and are aligned to the United Nations Sustainable Development Goals (UN SDGS) and the African Union Agenda 2063.

Financial inclusion:

Accessible and affordable digital financial solutions for underbanked and unbanked individuals, entrepreneurs and small businesses.

Job creation and enterprise growth:

Improving access to a wide range of financial services for small enterprises and supporting small enterprises to access value chains and markets.

Health:

Invest in our employee’s health, safety and wellbeing, finance healthcare providers and develop health-related infrastructure in Africa.

Education:

Support access to quality education and training to enable Nigeria’s people to thrive in a digitised world through innovative financial solutions.

Sustainable finance and climate change:

Support Nigeria’s transition to a lower carbon economy, partner with clients to enable mitigation of climate change impacts and improve access to reliable and sustainable energy sources.

Infrastructure:

Invest in energy, water, transport and telecommunications infrastructure to facilitate economic growth and create opportunities for job creation and human development.

Africa trade and investment:

Provide clients with trade solutions to enable optimal international trade and minimise logistical challenges, and facilitate relationships importers and exporters.

Case Studies

COLLABORATION WITH MBH POWER LIMITED ON THE EXPANSION OF COMPRESSED NATURAL GAS (“CNG”) AND METER MANUFACTURING BUSINESSES

Stanbic IBTC served as a support for the power sector and the United Nations Sustainable Development Goals. The bank availed MBH with various facilities totaling N16.3bn.

The project has enhanced MBH capacity to meet its customer demands through the purchase of additional CNG tube skids and Pressure Reduction Metering System (PRMS). The transaction aligns with the Group’s SEE framework policy to support natural gas; a transition fuel, provide jobs and the commitment to reduce carbon emissions by 2030 through affordable and cleaner energy.

PLANTING OF 30,000 TREES

In 2023, Stanbic IBTC planted 30,000 trees in sponsorship of the Green Recovery Nigeria Initiative of the Nigeria Conservation Foundation.

The Green Recovery Nigeria Initiative is a programme of action to increase Nigeria’s forest cover the current 5% to 25% of the national land cover by 2050.

PROJECT EVERGREEN WITH BAZE UNIVERSITY

At Stanbic IBTC, we seek to drive positive impacts in the society, particularly across the health and education sectors. Through the Stanbic IBTC Infrastructure Fund, we provided funding up to NGN 8bn to refinance existing bank loans deployed for the construction of Baze University Teaching Hospital.

The project will add 200 bed spaces, reduce medical tourism, and provide quality training to prospective medical students in Nigeria. The Baze University Teaching Hospital is well positioned to provide world class medical services in areas such as Surgery and Orthopedics, Obstetrics and Gynecology, Pediatrics, among others.

TOGETHER4ALIMB

Stanbic IBTC’s interventionist programme and flagship corporate social investment (CSI) project Together4ALimb, has continued to give hope and transform the loves of children living with limb loss from congenital issues or birth defects, accidents, or mismanaged injuries across the country.

In 2022, the organisation provided prosthetic limbs for ten children, making a total of 55 beneficiaries in eight years who have received support.

FUNDING UNDER THE SHEA BUTTER VALUE CHAIN

As a way of reducing rural unemployment and fostering women engagement in Agribusiness, Stanbic IBTC Bank in 2022, provided financial solutions through the CBN Commercial Agricultural Credit Scheme (CACS) to the tune of N2billion to a major player in the shea butter value chain.

This is important to the bank as the upstream side of the industry is dominated mostly by women farmers. Since the funding was provided, the player has expanded her operations and included more women across her processes thereby providing employment while promoting women economic empowerment

STANBIC IBTC SME LOANS

Several small business owners across the nation benefitted from the Stanbic IBTC SME Loans. These customers attest to the accessibility and accelerated disbursement timeline for the SME Loans, which enabled them meet urgent financial needs.

In 2022, about N32.2bn was disbursed for 5,151 loans to SME clients

ADOPT-A-SCHOOL

At Stanbic IBTC, we seek to facilitate quality education and youth development. In 2022, the Group embarked on a project aimed at empowering students of the Kurba Community Primary School in Gombe State.

Our approach to sustainability