By George George Idowu
The Executive Director and Chief Risk Officer of Fidelity Bank, Mr. Kelvin Ugwuoke has said the bank remain committed to ESG and climate-related considerations.
He said, “We constantly explore means to achieve our corporate objectives while significantly reducing environmental and social impacts. Being the first to publish this report underscores our market leadership in sustainability.
Ugwuoke made the statement during an event in which the bank released its ISSB-Compliant Sustainability and Climate Report for 2023.
The report was published on June 30 which detailed the bank’s governance, strategy, risk management, and metrics, along with targets related to sustainability, climate risks, human capital, and community efforts.
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During the ceremony, the Chairman Board of Directors of the bank, Mr. Mustapha Chike-Obi, highlighted 2023 as a significant year in the bank’s sustainability journey.
He said, during this period, Fidelity Bank became a signatory to the UN Environment Programme Finance Initiative (UNEP FI), Principles for Responsible Banking (PRB), and the UN Women’s Empowerment Principles (WEP).
These commitments reflect the bank’s active integration of sustainability and climate goals into its core strategy and operations.
The report, prepared in accordance with IFRS S1 and S2 standards, underscores Fidelity Bank’s role as a pioneer in the financial services sector.
His words: “We believe innovation and transparency are essential for building trust in our strategies and achievements. As we progress towards sustainability, we remain committed to our diverse stakeholders, including our dedicated workforce, esteemed shareholders, and valued customers.”
Fidelity Bank, a full-fledged commercial bank with over 8.3 million customers across Nigeria and the UK, was recently recognized among the top Nigerian banks in ESG performance by the Independent Project Monitoring Company (IPMC) Ltd.
