ESG TOP PERFOMER AWARD (BRONZE CLASS) - IPMC ESG Rating
2024
Sustainability
Nigeria is our home, we drive her growth. At Stanbic IBTC we seek to support sustainable development in Nigeria, by doing the right business, the right way.
Sustainability
Nigeria is our home, we drive her growth. At Stanbic IBTC we seek to support sustainable development in Nigeria, by doing the right business, the right way.
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 view sustainability as a synergistic relationship with two facets, which involve optimising our Positive Impact, while addressing and managing Environmental, Social, and Governance (ESG) risks inherent in our business activities. This balanced approach helps us ensure that we operate as a responsible and resilient corporate citizen.
Given our purpose and commitment to solutions that drive your progress, our sustainability strategy focuses on three High Impact Goals (HIGs), which incorporate sustainability as a commercial strategy and best practice of ESG risk management for delivering positive impact.
Our approach is guided by global standards and frameworks.
Our strategic value drivers
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, Economic and Governance outcomes for the communities and environments in which we operate. The Positive Impact framework serves as the core of sustainability in Stanbic IBTC.
Our High Impact Goals
Our sustainability purpose statement, “Facilitating Nigeria’s sustainable future” is aligned with our ambition to become the leading financial institution driving sustainable finance solutions in Nigeria. To achieve this, we have thus defined three high impact goals in line with our Positive Impact framework.
This High Impact Goal speaks to the Group’s activities of promoting industrial growth in a way that is environmentally responsible, socially inclusive and economically viable. We demonstrate how sustainability has been integrated whilst ensuring profitability into our lines of business.
Driving Sustainable Industrialisation
This High Impact Goal speaks to the Group’s activities of promoting industrial growth in a way that is environmentally responsible, socially inclusive and economically viable. We demonstrate how sustainability has been integrated whilst ensuring profitability into our lines of business.
Facilitating Sustainable Trade
Facilitating sustainable trade within the Group involves supporting and promoting trade practices which drive socioeconomic growth and development. We adopt innovative financial solutions such as supporting the growth of the renewable energy sector, fostering job creation, pollution reduction and the mitigation of climate change effects.
Fostering Equitable Access to Finance
Our third High Impact Goal demonstrates how we ensure fair access to finance whilst empowering underserved communities to improve their access to finance and thus create livelihood for these sectors.
Positive Impact Areas
We have identified four 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 four Positive 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.
We are dedicated to enhancing job creation and enterprise growth across Africa, by facilitating robust trade and investment while strengthening the agriculture value chain.
- ₦53.4bn in loans disbursed to 2,730 SME clients for the year ended 2024
- ₦8.9bn in credit facilities disbursed to support healthcare service providers
- Facilitated trade solutions valued at over ₦2.1tn for clients in 2024
Job Creation and Enterprise Growth
We are dedicated to enhancing job creation and enterprise growth across Africa, by facilitating robust trade and investment while strengthening the agriculture value chain.
- ₦53.4bn in loans disbursed to 2,730 SME clients for the year ended 2024
- ₦8.9bn in credit facilities disbursed to support healthcare service providers
- Facilitated trade solutions valued at over ₦2.1tn for clients in 2024
Access to Energy and Infrastructure Development
- Enable Africa’s just energy transition and support improved access to affordable energy
- Provide finance for critical infrastructure in sectors such as transport, water and telecommunications
- Investment placements valued at ₦34bn made on infrastructure projects during the year 2023
Climate change mitigation and resilience
The Group actively partners with clients, offering sustainable finance solutions to strengthen their resilience and support their transition towards sustainable business practices.
- 56 locations groupwide (42 bank, 2 Head Office campuses, 12 SIPML) run on solar-hybrid powered energy solutions
- Recycled 196.6 tonnes of waste papers in return for tissue papers in 2024
- Over 106,000 trees have been planted by the Stanbic IBTC Group
Financial Inclusion
As we move towards greater financial inclusion and the empowerment of SME owners, particularly women and young people, we are dedicated to providing tailored solutions that encompass access to finance, capacity building, networking and market opportunities.
- Facilitated ₦9.1bn in financing for women operated businesses in 2024
- 31,828 participants engaged in 1,439 financial awareness sessions within 2024
Case Studies
Stanbic IBTC Towers, the new flagship head office for Stanbic IBTC Pension Managers Limited, was commissioned on 02 February 2024. The project achieved a 4-star design stage green building rating from the Green Building Council of South Africa (GBCSA), making it the first building in Nigeria registered and certified by the GBCSA.
In 2024, the Group reduced water consumption at the Towers by 51%, and realized a notable 7% year-on-year reduction in energy consumption at our head office campuses.
The Green Building features a dedicated lifestyle floor promoting employee wellbeing through a gym, creche, lactorium and wellness centre.
Stanbic IBTC Towers
Stanbic IBTC Towers, the new flagship head office for Stanbic IBTC Pension Managers Limited, was commissioned on 02 February 2024. The project achieved a 4-star design stage green building rating from the Green Building Council of South Africa (GBCSA), making it the first building in Nigeria registered and certified by the GBCSA.
In 2024, the Group reduced water consumption at the Towers by 51%, and realized a notable 7% year-on-year reduction in energy consumption at our head office campuses.
The Green Building features a dedicated lifestyle floor promoting employee wellbeing through a gym, creche, lactorium and wellness centre.
Stanbic IBTC Bank partners with FinDev Canada to bolster sustainable finance in Nigeria
In October 2024, Stanbic IBTC Bank secured a loan of up to $40mn from FinDev Canada, Canada’s development finance institution. The partnership expands access to financing for green, social and sustainable projects in Nigeria across agribusiness, healthcare, education and sustainable infrastructure.
The facility supports the Bank’s sustainability initiatives and empowers MSMEs, with at least 30% dedicated to women-owned or women-led businesses.
Together4ALimb
Together4ALimb, Stanbic IBTC’s flagship corporate social investment programme, continues to transform the lives of children living with limb loss across Nigeria.
In 2024, Stanbic IBTC provided prosthetic limbs for 36 children — bringing the total to 136 beneficiaries over ten years. Each beneficiary also received an Educational Trust worth ₦1.5 million to access quality education.
Employee Corporate Social Investment (Staff Volunteerism)
The Stanbic IBTC Staff Volunteerism initiative encourages staff to voluntarily pool funds for donations to causes aligned with our CSI areas. The organisation matches the pooled total and the combined amount funds CSI projects selected by staff.
In 2024, total donations from staff volunteerism including matching funds amounted to over ₦264.5mn.
Financing M-KOPA: A case study of Fueling Inclusive Growth
Stanbic IBTC provided a ₦12.6bn Sustainability Linked Borrowing Base Facility to M-KOPA Solar Nigeria Limited, a leading fintech focused on asset financing for underserved communities.
M-KOPA offers affordable financing for smartphones and digital financial services through an innovative repayment model across Sub-Saharan Africa.
The facility incorporates Sustainability Performance Targets across financial inclusion, clean energy and gender equality.
Restoration of Afi Mountain Sanctuary, Cross Rivers State
Our commitment to sustainability is integral to our mission. In 2024, Stanbic IBTC partnered with One Tree Planted to plant 62,180 trees and restore 201 hectares of degraded land in the Afi Mountain Wildlife Sanctuary of Nigeria.
The Afi Sanctuary — home to rare species such as the Cross River Gorilla — has experienced significant deforestation, leading to habitat loss and biodiversity decline.
Through reforestation, this project connects critical wildlife corridors and improves the ecological health of the sanctuary.
Publications
Awards
BEST SUSTAINABILITY (ESG) RISK INITIATIVES - Nigeria Risk Awards
2024
INNOVATION EXCELLENCE AWARD - (SAPOA) South African Property Owner Association
2024
BEST IN ENVIRONMENTAL STEWARDSHIP - SERAS African Sustinability/CSR Awards
2024
FINANCIAL INCLUSIVE PENSION COMPANY - International Financial Inclusion Awards
2024
BEST COMMERCIAL OFFICE DEVELOPMENT AWARD - African Property Investment Awards
2024
MOST OUTSTANDING WOMAN COMMUNITY (Financial Sector) - Woman in Marketing and Communications Awards (WIMCA)
2024
2024
ESG TOP PERFOMER AWARD (BRONZE CLASS) - IPMC ESG Rating
2024
BEST SUSTAINABILITY (ESG) RISK INITIATIVES - Nigeria Risk Awards
2024
INNOVATION EXCELLENCE AWARD - (SAPOA) South African Property Owner Association
2024
BEST IN ENVIRONMENTAL STEWARDSHIP - SERAS African Sustinability/CSR Awards
2024
FINANCIAL INCLUSIVE PENSION COMPANY - International Financial Inclusion Awards
2024
BEST COMMERCIAL OFFICE DEVELOPMENT AWARD - African Property Investment Awards
2024
MOST OUTSTANDING WOMAN COMMUNITY (Financial Sector) - Woman in Marketing and Communications Awards (WIMCA)
2024
2023
OUTSTANDING AGRIC SUPPORTING BANK OF THE YEAR FROM THE MARKETING EDGE AWARDS
2023
COMPANY LEADERSHIP GENDER DIVERSITY FROM THE GENDER LEADER AWARDS
2023
GENDER EQUALITY CHAMPION FROM THE GENDER LEADER AWARDS
2023
WOMEN’S EMPOWERMENT AND LEADERSHIP FROM THE GENDER LEADER AWARDS
2023
Most Outstanding Bank Supporting Women Owned Businesses from the WIMCAR Awards
2023
Best Company in Gender Equality and Women Empowerment from the Africa Sustainability/CRS (SERAS) Awards
2023
2022
MOST OUTSTANDING BANK IN GENDER INCLUSION FROM THE WIMCA AWARDS
2022
2021
BEST IN CORPORATE SUSTAINABILITY FROM THE LAPRIGA AWARDS
2021
BANK OF THE YEAR SUSTAINABILITY FROM THE INDUSTRY AWARDS
2021
2020
OUTSTANDING COMMUNITY SERVICE AWARD FROM ASCEND HOTELS LIMITED
2020
BEST HR TEAM AWARD FROM HR PEOPLE MAGAZINE AWARDS
2020
BEST TRAINING, LEARNING & DEVELOPMENT STRATEGY AWARD FROM HR PEOPLE MAGAZINE AWARDS
2020
BEST WORK LIFE HARMONY AWARD FROM HR PEOPLE MAGAZINE AWARDS
2020
2019
BEST TRAINING, LEARNING & DEVELOPMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2019
OUTSTANDING EMPLOYEE ENGAGEMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2019
LEADERSHIP AWARD – DALE CARNEGIE
2019
BEST DIVERSITY AND INCLUSION INITIATIVE AWARD FROM CHARTERED INSTITUTE OF PERSONNEL MANAGEMENT
2019
BEST STRATEGIC HR INITIATIVE AWARD FROM CHARTERED INSTITUTE OF PERSONNEL MANAGEMENT
2019
2018
Career progression for Women Award from the CFA Society Nigeria
2018
Work-Life balance Award from the CFA Society Nigeria
2018
Special Honours for Promoting Youth and Sport Development from National Sports Festival Inaugural Awards
2018
2017
BEST HR OPTIMIZATION AWARD FOR EMPLOYEE ENGAGEMENT AND INTERNAL COMMUNICATION
2017
OUTSTANDING EMPLOYEE ENGAGEMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2017
OUTSTANDING TALENT MANAGEMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2017
HR BEST PRACTICE AWARD FROM THE FINANCIAL INDUSTRY IN NIGERIA
2017
EXCEPTIONAL INVESTMENT IN EMPLOYEE MEDICAL AND WELFARE FROM REDBRIDGE HEALTH CARE
2017
HR BEST PRACTICE FROM CHARTERED INSTITUTE OF PERSONNEL MANAGEMENT AWARD
2017