By Ayomide Otitoju
FirstBank has been named the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), solidifying its position as a leader in sustainable banking and finance practices over its 130-year history. The bank was acknowledged for its significant contributions and unwavering commitment to ESG investments in Nigeria, highlighted by innovative financial solutions and initiatives.
Euromoney recognized FirstBank’s progress in implementing an ESG management system, screening N4.2 trillion worth of new transactions for potential ESG risks in 2024. In line with Nigeria’s green transition, the bank funded a $10 million solar energy project, expanding access to off-grid solar solutions in Africa and Asia, and committed N16 billion to develop four modular independent power plants for a major beer manufacturer, reducing production costs. Additionally, FirstBank started a tree planting campaign in partnership with the Nigeria Conservation Foundation, aiming to plant over 50,000 trees in 2024.
Mrs. Folake Ani-Mumuney, the Group Head of Marketing & Corporate Communications, expressed the bank’s thrill at receiving the award, emphasizing FirstBank’s belief in sustainability as a driver for growth and innovation. The award validates their efforts to create a sustainable and inclusive future for all stakeholders.
Euromoney’s “Awards for Excellence” is recognized as the definitive annual awards program of the global banking industry, and FirstBank also received other accolades, including Best SME Bank in Nigeria, Best Bank in Africa, Best Private Bank in Nigeria, and Best Private Bank for Sustainable Investment in Africa by Global Finance, showcasing its leadership in integrating sustainable practices into its banking operations.
Euromoney recognized FirstBank’s progress in implementing an ESG management system, screening N4.2 trillion worth of new transactions for potential ESG risks in 2024. In line with Nigeria’s green transition, the bank funded a $10 million solar energy project, expanding access to off-grid solar solutions in Africa and Asia, and committed N16 billion to develop four modular independent power plants for a major beer manufacturer, reducing production costs. Additionally, FirstBank started a tree planting campaign in partnership with the Nigeria Conservation Foundation, aiming to plant over 50,000 trees in 2024.
Mrs. Folake Ani-Mumuney, the Group Head of Marketing & Corporate Communications, expressed the bank’s thrill at receiving the award, emphasizing FirstBank’s belief in sustainability as a driver for growth and innovation. The award validates their efforts to create a sustainable and inclusive future for all stakeholders.
Euromoney’s “Awards for Excellence” is recognized as the definitive annual awards program of the global banking industry, and FirstBank also received other accolades, including Best SME Bank in Nigeria, Best Bank in Africa, Best Private Bank in Nigeria, and Best Private Bank for Sustainable Investment in Africa by Global Finance, showcasing its leadership in integrating sustainable practices into its banking operations.
