Sustainable Banking

Chairman’s Statement:

“It is my honour to present the maiden standalone sustainability report of our Bank, the United Bank for Africa plc. This is a further reiteration of your Bank’s commitment to leaving an enduring legacy for the future.
When we say we are committed to building an enduring institution, sustainability is at the heart of that commitment.
This statement underlines our sustainability strategy. Our idea of sustainability is underpinned by the position we occupy in the
banking space in Africa. It is imminently heart warming to know that we are the only sub-Saharan African bank regulated by both the office of the Comptroller of Currency in the United States and the Prudential Regulations Authority in the United Kingdom. This is a rare milestone that reinforces our brand as Africa’s Global Bank and at the same time places demands on us to consistently push the frontiers of sustainable banking in Africa. Because we believe that charity begins at home, that is why we initiated several actions to reduce our environmental footprints.
One of such initiatives is the reduction of energy and water consumption at the corporate head office by installing motion sensor light bulbs and sensor controlled faucets across the building.
In 2019, we championed a paperless policy drive to curtail our environmental footprint. This is a significant milestone where we have seen paper usage cut down by about 85 percent, just within first three months of implementing this initiative. Our target is to achieve 100 percent paper usage reduction by the end of 2020.
In the coming years, we plan to strengthen our local and international partnerships to drive our delivery of the sustainable development goals (SDGs). In addition to existing partnerships
with the Central Bank of Nigeria(CBN), UNEP and a host of others, we plan to formalize our membership of the Equator Principles Association(EPA) and get listed on the EPA’s website. We believe this will reaffirm our commitment to ensuring that our project finance and related activities are done in line with the Equator Principles. Also, it is to further reinforce our commitment to delivering sustainable value to our shareholders in a manner that preserves current and future population and the planet. “

GMD’s Statement:

“The vision for our Bank is to be the undisputed leading and dominant financial services institution in Africa. This mandate that we have set for ourselves requires that we aspire at all times to conduct ourselves in an ethical and responsible manner. To embrace this enormous task fearlessly, we found it worthy to establish the UBA Foundation which continues to serve as the vehicle with which we have been able to drive the group’s Corporate Social Responsibility(CSR) initiatives spanning Education, Economic Empowerment and Environment. As Africa’s global bank, we are committed to being a socially responsible company and a role model for all businesses in Africa. It is for this reason that we are keen on integrating sustainability into our day-to-day business activities. To this end, we have developed an Environmental and Social Management System (ESMS) and intend to ferociously pursue its implementation.
The intention is to build a management system made up of well trained, committed people routinely following procedures and continually improving, in line with our shared values of Enterprise, Excellence and Execution. We believe that sustainability is the foundation of our long-term growth and profitability. Not only is it an integral part of our
overall business strategy, it is also the right thing to do. It is the right thing for our customers, our suppliers, our shareholders; our communities and for our staff as core members of the Bank.
Sustainability has been embedded into the overall objective of our Bank’s Transformation agenda. The goal is simply to be the number 1 in CBN’s sustainability ranking by the end of 2020. We intend to achieve this goal by riding on the back of technology to seamlessly implement our action plans. We shall focus on automating the Bank’s environmental and social impact screening and assessment system. Our Nigerian Sustainable Banking Practices (NSBP) reporting platform will also be automated to allow for easy collation and retrieval of data. This is the year we shall build strong partnerships and
prioritize sustainability awareness across the enterprise. Senior management is excited about this journey and we shall demonstrate this indeed and by setting the right tone from the top. We shall lead from the top as Sustainability Champions. “

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Shared value:

Enterprise:
Own The Task
Go The Extra Mile, Solve Problems
Show Initiative
Break Barriers
Be Innovative

Excellence:
Be Responsive and Passionate
Surpass Customer’s Expectations Always
Maintain Quality Standards
Be Meticulous-Make It Simple Always
Be Professional- Integrity, Friendly and
Genuine

Execution:
Get It Done
Get It Done Now
Get It Done Very Well
…Always Have the End in Mind

Vision
To be the undisputed leading and dominant financial services institution in Africa.
Mission Statement
To be a role model for African businesses by creating superior value for all our stakeholders, abiding by the utmost professional and ethical standards, and by building an enduring institution.