Fidelity Bank Plc Leads the Nigerian Banking Industry by Introducing an ISSB-Compliant Sustainability and Climate Report.

 Fidelity Bank Plc Leads the Nigerian Banking Industry by Introducing an ISSB-Compliant Sustainability and Climate Report.

Fidelity Bank Plc has set a significant milestone in the Nigerian banking industry by being the first to release its 2023 ISSB-Compliant Sustainability and Climate Report. Published on June 30, 2024, and accessible on the bank’s website, the report provides in-depth analysis of the bank's governance, strategy, risk management, and metrics concerning sustainability, climate risks and opportunities, human capital, and community initiatives for the 2023 financial year.

Chairman of the Board of Directors, Mr. Mustapha Chike-Obi, emphasized the bank’s dedication to sustainability, noting that 2023 was a crucial year in their sustainability efforts. During this time, 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), integrating sustainability and climate goals into its core operations. He highlighted the importance of innovation and transparency in building trust in the bank’s strategies and achievements, reaffirming their commitment to various stakeholders, including employees, shareholders, and customers, as they advance towards sustainability.

The report, compliant with IFRS S1 and S2 standards, highlights Fidelity Bank's pioneering role in sustainability within the financial sector, showcasing its achievements and future objectives.

Executive Director and Chief Risk Officer, Mr. Kevin Ugwuoke, reiterated the bank’s focus on ESG and climate issues, stating that the 2023 report underscores their ongoing efforts to embed ESG and climate-related risks and opportunities into their business operations, striving to meet corporate goals while minimizing negative environmental and social impacts. He expressed pride in Fidelity Bank being the first to publish such a report, solidifying its leadership in the sustainability space, with a commitment to further enhancing their positive impact.

Fidelity Bank’s recognition as one of Nigeria's top banks in ESG performance by the Independent Project Monitoring Company (IPMC) Limited reinforces its position as a leader in sustainable banking.

Ranked among Nigeria's leading banks, Fidelity Bank serves over 8.3 million customers across 251 branches in Nigeria and the UK, alongside digital banking platforms. The bank has earned numerous awards, including Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, Best Payment Solution Provider Nigeria 2023, Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards, Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023, and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.