Ecobank

  • Sector: Financial Service
  • Reach: Multinational
  • Board Gender Diversity:  10; 4
  • CSR/sustainability report: YES (SDGs, GRI)
  • Impact management: Foundation

Ecobank is a leading pan-African bank which provides wholesale, retail, investment and transactional banking services to governments, financial institutions, multinationals, local companies, SMEs and individuals. The dual objective of Ecobank Transnational Incorporated is to consolidate a modern pan-African bank and to contribute to the economic development and financial integration of the continent.

The company has a large African footprint with operations in 35 countries across the continent. Ecobank currently operates in countries in West, Central, East and Southern Africa. The Group also has international offices in Paris and Beijing, Dubai and London. Ecobank leverages its network of over 14,000 employees for its operations across all locations. In 2019, the company declared a gross profit of 146.5 billion Naira.

Ecobank reports that it remains fully committed to the Sustainable Development Goals and 2030 Agenda. The bank keeps to the mandate of enhancing the sustainability and resilience of its business operations by embedding environmental, social and human rights considerations into its banking and financing products and services to better account for and manage risk and impact. Ecobank recognises the interlinkages in integrating economic, social and environmental aspects in the business to enable sustainable development in all its dimensions.

The bank’s commitment towards the achievement of the SDG’s is aligned to its business interest and focuses on areas where the bank has the most comparative strength. Ecobank measures its progress annually by submitting implementation reports to the United Nations Global Compact. The bank focuses on the following SDG goals, No Poverty, Zero Hunger, Gender Equality, Affordable and Clean Energy, create Job opportunities for all, Climate Action, Life on land and partnerships.

Ecobank’s sustainability framework was designed in 2011. It defines its objectives, inspires the strategy and guides the assessment of the banks journey and adherence to the SDG’s. The thematic areas of the bank’s framework are stimulating economic transformation, promoting socially responsible banking, driving human capital development, guiding the management of natural resources, and protecting the environment in the bank’s business and operations.

CSR Focus Areas
Environmental Development
Health

2020 Highlights

Ecobank Day:

Ecobank Day is an opportunity for the bank and its staff across its operating countries to give back to communities. The bank decided to focus on Non-communicable diseases for the year 2019 and the next three years after via the campaign “Together for better health”. Ecobank, alongside health authorities, international and civil society organisations in the country, is raising awareness and carrying out screening activities. Several affiliates of the bank participated in 5KM Walks to encourage communities to exercise regularly. Free Non communicable diseases screening was offered to support access to quality health. Employees also raised funds to support the free Non communicable disease screening and treatment.

Environmental Awareness Campaign: Plastic Waste for Cash Initiative

The Plastic Waste for Cash Initiative is an initiative of Ecobank Nigeria, implemented in collaboration with the Lagos State Ministry of the Environment and Lagos State Waste Management authority. Its aim is to improve environmental sustainability and community health development in Lagos, by rewarding low-income residents for every plastic bottle picked from the street. The initiative had collected 1.3 million bottles by June 2019 and have been dropped at a landfill in Lagos to be recycled. The bank earmarked N3 Million as rewards for the collection of four million plastic bottles.

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