Stanbic IBTC Outlines Sustainability Framework

Stanbic IBTC Outlines Sustainability Framework

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has reeled out a three-pronged framework that underscores its approach to sustainability and support to its clientele, employees and the society at large.

The Social, Economic and Environmental (SEE) framework, the organisation said, is designed to support the wellbeing of communities by delivering value through the products and services that it provides.

With Africa as its home, the company said SEE aims at improving life for everyone on the continent.

“We not only want to achieve financial outcomes, but we also want to fulfil our purpose of driving Africa’s growth,” Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC, stated.

Via its social value offering, the organisation creates value for society, both internally for its employees and externally for other stakeholders, clients, governments and the rest of society.

The economic value seeks to drive inclusive economic growth in Africa through creating social and environmental value, which also leads to more innovative and profitable ways of doing business and supporting African economic integration and development. The third element, environmental value, recognises that the success of the organization depends on creating value for the environment through responsible lending and not investing in businesses that have a negative impact on the environment.

The overall aim, according to Sanni, is to lead by example in promoting business activities and operations that leave a positive mark on the immediate and global environment.

“This we do by encouraging our colleagues and stakeholders to get involved,” he said.

As the most prized asset of the organisation, the wellbeing of employees is top priority to ensure delivery of promises to clients and other stakeholders.

The group has, accordingly, invested in a number of wellness programmes to encourage healthy lifestyles among staff. These initiatives include the weekly on-site aerobics in four head office locations across the group.

Also, physical activities are encouraged in all offices and branches nationwide; enabling group walks and daily exercise-at-the-desk routine for all employees. There is also the no-lift-day once a week across the organization to encourage physical exercise.

According to Sanni, “As a responsible corporate citizen, we will continue to carry out our business operations in ways that minimise any negative social, economic and environmental impact. We will continue to review our operational processes and engage our key stakeholders to achieve as much involvement in our sustainability initiatives as possible, for the benefit of the communities we operate in.”


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