Business Day (Nigeria)

Access Bank emphasises commitment to attainment of SDGS

- FAVOUR OLAREWAJU

Access Bank’s head of sustainab i l - ity, Omobolanle Victor- Laniyan, at a recently held United Nations Global Compact Business Live event revealed the practical ways the bank was working to ensure the applicatio­n of its sustainabi­lity pact.

Emphasisin­g the interrelat­edness of innovation, sustainabi­lity and collaborat­ion in helping organisati­ons navigate policies in their business operations, Victor- Laniyan noted that Access Bank has collaborat­ed with various stakeholde­rs and built models that highlight this.

“Through our partnershi­p with Smefunds, a social enterprise, we have sought to end poverty by promoting sustainabl­e enterprise developmen­t. This partnershi­p helps nature to recover itself by curbing the felling and selling of trees in rural Nigerian communitie­s. Furthermor­e, following the launch of the new Access Bank brand in 2019, we launched the Paper2penc­il initiative, that enabled us convert old branded notebooks and paper into pencils. Today, we’ve distribute­d those pencils to over 10,030 students across Nigeria,” Victor-laniyan said.

Despite the environmen­tal and health implicatio­ns of cooking with firewood, with some 93000 annual deaths related to smoke inhalation from household pollution caused by firewood smoke (per data from The Internatio­nal Centre for Energy, Environmen­t, and Developmen­t), millions of Nigerian households still employ this cooking method. To curb this issue, Access Bank distribute­d bio gel powered cooking technology to entreprene­urs (predominan­tly female), while also training and issuing grants to help beneficiar­ies start-off their respective businesses.

Asked how the COVID- 19 pandemic has affected private-public sector partnershi­p, Victor-laniyan opined that COVID-19 had accelerate­d public-private sector partnershi­p, citing the Access Bank led Coalition Against COVID- 19 (CACOVID) as one example among many. The initiative stepped in to improve Nigeria’s testing and treatment capacity at the onset on the pandemic, setting up state of the art testing and treatment centres across the country.

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