Nigeria’s leading financial institutions, Union Bank of Nigeria, has announced the release of its 2019 Citizenship, Sustainability, and Innovation (CSI) report – an annual report outlining the Bank’s social and environmental investments during the year in view. The report gives a detailed, year-long account of responsible business practices, innovation, and community impact.
The 2019 report was prepared in line with the Nigerian Sustainability Business Principles (NSBPs) and the Global Reporting Initiative (GRI) standards, highlighting Union Bank’s commitment to transparent reporting of its CSI efforts.
The report also provides insight into the Bank’s commitment to making lives better for Nigerians by enabling success and championing development in Nigeria, in line with 14 out of the 17 Sustainable Development Goals (SDGs).
According to the report, in 2019, Union Bank achieved its plan to deepen its sense of shared ownership and accountability, leveraging the unique three-pillar model: Citizenship, Sustainability and Innovation.
This model informed the Bank’s choice of partnerships, as it continues to explore ways and opportunities to deepen engagement and ensure sustainable and scalable impact.
However, speaking on the release of the report, the Bank’s Chief Executive Officer, Emeka Emuwa, said; “We have continued to make progress in embedding Citizenship, Sustainability, and Innovation into our operations as a Bank. Last year when I presented our scorecard, I highlighted that our focus for 2019 would be to deepen our sense of shared ownership and accountability.”
“We have achieved this and more by making significant, and strategically aligned contributions aimed at enabling youth empowerment, social innovation, arts, and culture, and fostering a globally competitive economy.”
It is interesting to know that after more than a century in business, Union Bank has solidified its position as Nigeria’s most trusted financial partner, innovating in response to evolving customer needs and championing growth and development for all, especially those at the bottom of the pyramid.
Meanwhile, Union Bank last year won three awards at the 2019 Sustainability, Enterprise and Responsibility (SERAs) Africa CSR Awards – ‘Best Company in Environmental Excellence’, SERAS Innovation Prize Award and the Second Runner Up award in the Most Responsible Company category.