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Ecobank integrates economic, social and environmental considerations in all its decision-making and activities. This is to ensure that we foster environmentally friendly and socially acceptable practices throughout the organisation.

 

We actively ‘give back’ to the communities in which we operate and we are intent upon stimulating sustainable environmental prosperity and economic and social development across sub-Saharan Africa.

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Ecobank Sustainable Finance Framework

A financial commitment to the sustainable transformation of Africa

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Strengthening Local Communities

Ecobank Foundation is dedicated to improving the quality of life for people across the continent. From educating students in Ghana, to providing healthcare to communities in Kenya, we are agents of change.

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Sustainability Report

Seizing the momentum
towards sustainability

Every year Ecobank publishes a Sustainability Report which covers the economic, environmental and social impacts of its everyday activities.

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People & Diversity

The Ecobank Academy is one of the largest capability development centres in Africa.

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Achieving the Sustainable Development Goals

The Group Chairman Sustainability Award recognises and honours an Ecobank country that promotes true environmental and social change through initiatives that also positively impact the bank’s business.

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Our Commitment

 

Sustainability is an integral part of Ecobank’s mission. We have a dedicated Social, Ethics and Reputation Committee (SERC), which is part of the ETI Board.

 

Our sustainability timeline

 

We are a signatory to a number of voluntary sustainability commitments and standards and have implemented these across our business:

Signing of the UN Principles for Responsible Banking, a framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and the United Nations Environment Programme’s Finance Initiative.

Adherence to the Equator Principles which are a voluntary set of standards adopted by banks fordetermining, assessing and managing social and environmental responsibilities in project financing.

Signatory to the United Nations Global Compact (UNGC)

Membership of the United Nations Environment Programme Finance Initiative (UNEPFI)

Sustainability Finance Framework

 

Ecobank remains fully committed to the United Nations Sustainable Development Goals (SDGs) and 2030 Agenda. We are steadfast in enhancing the sustainability and resilience of our business and operations by embedding environmental, social and human rights considerations into our banking products and services. This enables us to better account for and manage risk and impact. The Group continues to recognise the interlinkages between economic, social and environmental aspects of the business.

 

For further information see Ecobank’s most recent Sustainability Reports:

Ecobank Sustainable Finance Framework May 2021

PDF 3,9MB

 

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Ecobank Framework Eligibility Assessment (DNV) May 2021

PDF 0,4MB

 

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Sustainability Reports

 

Every year Ecobank publishes a Sustainability Report which covers the economic, environmental and social impacts of its everyday activities.

 

For further information see Ecobank’s most recent Sustainability Reports:

ECOBANK GROUP SUSTAINABILITY AND ESG REPORT 2022

PDF 16,2MB

ECOBANK GROUP SUSTAINABILITY AND ESG REPORT 2022

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Sustainability Note Allocation and Impact Report 2022

PDF 11,5MB

Sustainability Note Allocation and Impact Report 2022

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Ecobank Group Sustainability and ESG Report 2021

PDF 14,9MB

Ecobank Group Sustainability and ESG Report 2021

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Principles For Responsible Banking Report April 2021

PDF 0,3MB

First report on Ecobank’s implementation of the Principles for Responsible Banking

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Ecobank Sustainability Report 2019

PDF 15MB

Sustainability a common driving force for business and development

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Ecobank Sustainability Report 2018

PDF 15MB

Building Africa's Financial Future

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Ecobank Sustainability Report 2017

PDF 3.4MB

Embedding the sustainability agenda within Ecobank

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Strengthening Local Communities

 

We are intent upon improving the quality of life for people across the continent. We do this by ‘giving back’ to the communities in which we work and live.

 

Ecobank Foundation

 

The Ecobank Foundation was created to positively transform the lives of people across Africa. It does this by deploying Ecobank’s resources, knowledge and expertise with the aim of unlocking opportunities for the African communities in which we operate. The Foundation focuses upon health, education and financial empowerment.

Visit the Ecobank Foundation website for further information.

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Ecobank Day

 

Ecobank Day sees employees in each of the Ecobank affiliates across 33 African countries giving up their free time to volunteer and/or fundraise for good and deserving causes in their communities. Since the first Ecobank Day in 2013, Ecobank employees have supported a wide variety of causes. Previous initiatives have focused on orphanages, improving cancer screening, education, maternal healthcare, safer water supplies and malaria prevention.

In 2019 it was decided that for the next three years Ecobank Day would focus upon raising awareness and helping to prevent and control the increasing threat from non-communicable diseases (NCDs).

Visit the Ecobank Day web page for further information.

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Financial Inclusion

 

Our microfinance products and services are unique platforms for promoting financial inclusion and extending financial services to the unbanked and under-banked.

 

Our Personal Banking division delivers simple, accessible and innovative products to low-income people and micro business. Our Ecobank Mobile App allows customers - especially poor people living in remote rural areas - to have access to the banking system. We leverage people’s mobile network subscription details to enable instant KYC-lite bank account opening, from their mobile phones.

Our affiliates also help build financial literacy skills by rolling out programmes across Africa. Ecobank Ghana, for example, collaborates with the Ministry of Education to provide financial literacy training. The objective of the Ecobank Financial Literacy Programme is to promote financial literacy and financial inclusion across 216 districts in Ghana for adults who cannot read. Every year, around 2,000 classes are run across the country.

Achieving the Sustainable Development Goals

 

Having adopted the UN Sustainable Development Goals (SDGs) we are linking our own sustainability activities to many of the SDG indicators. Ecobank is particularly committed to supporting efforts to counter climate change as we recognise that the lack of action could cause social and economic disruption.

 

Ecobank takes action to address the following SDGs: no poverty; good health and well-being; gender equality; affordable and clean energy; industry, innovation and infrastructure; climate action; life on land; and partnerships.

In this light, our consideration of environmental and social concerns in our core financial products and services are being reinforced with a robust sustainability risk assessment process.

 

Promoting sustainable business

 

Ecobank ensures that all eligible transactions in the environmental and social sensitive sectors - such as oil and gas, mining, heavy construction - are screened and managed for their potential environmental and social risks and impacts. This helps us to ensure we only finance environmentally friendly and socially responsible businesses.

We have also increased our lending activities in the low carbon energy, renewable energy and energy efficiency sectors in Nigeria, Senegal and Ghana.

 

Group Chairman Sustainability Award

 

Championed by our former Group Chairman, Mr Emmanuel Ikazoboh, the Group Chairman Sustainability Award recognises and honours an Ecobank country that promotes true environmental and social change through initiatives that also positively impact the bank’s business.

The award aims to embed awareness of, and responsibility for, sustainability in the mind of all Ecobank’s staff. The intent is for it to become instinctive for us to do the right thing for the environment and sustainability.

Visit the Group Chairman Sustainability Award website for further information.

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People & Diversity

 

Ecobank is committed to promoting inclusion and diversity regardless of age, gender, religion or nationality. With over 14,000 employees represented by 43 nationalities from around the world, the diversity of backgrounds and skills of the Ecobank workforce plays a pivotal role in our pan-African presence and platform.

 

The Ecobank Academy

 

The Ecobank Academy is one of the largest capability development centres in Africa. It aims to enhance Africa’s banking sector through the development of professional and leadership skills, as well as assisting Africa’s sustainable financial integration and economic growth through the creation of banking capabilities.

The Academy develops world-class managers and leaders for Ecobank and also provides management development and skills capability training to external organisations such as the Global Fund and IFRC the International Federation of Red Cross and Red Crescent Societies (IFRC).

It is the first corporate member of the Global Business School Network (read more here).

Visit the Ecobank Academy website for further information.

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