GTBank

Guaranty Trust Bank is a financial institution with an asset base of 4 Trillion Naira, it operates out of West Africa, East Africa and the United Kingdom. The bank has over 237 branches and 10, 000 employees that run its operations. The bank is aware that a strong Environmental, Social and Governance (ESG) proposition can safeguard their long-term success. GTB is committed to getting its ESG proposition right in addition to the provision of economic value. The bank has fully incorporated environmental and social standards into its business operations and activities. The bank has integrated sustainability strategies into its business model based on its awareness of the link between strong financial performance and sustainability.

The bank has taken into consideration the impact of its business operations and activities on people and the environment. GTB also tracks its environmental and social footprints and encourages its borrowing customers to do same. GTB remains committed to the United Nations Sustainable Development Goals through the creation of avenue for communities and stakeholders to flourish. The bank supports the government in achieving the SDGs through various programs it hosts each year. It also invests in critical sectors of the economy and develops products that meet societal needs.

The bank reports that its lending activities comply with international performance standards as well as applicable national economic, environmental and social regulations. GTB’s Corporate Social Responsibility strategy encompasses education, community development, the arts and the environment. The Bank’s CSR is aimed at improving the quality of life and promoting a sustainable environment in its host communities. GTB’s CSR programmes are products of interaction with and needs assessment by relevant stakeholder groups in its host communities.

2020 Highlights

Beat the Distance:

In 2019, GT Bank started a program called Beat the Distance to improve educational outcomes for children in rural communities by easing the difficulties with mobility to school and back. The children were provided with bicycles to help beat the distance to school and bridge the gap between their present realities and immense potential. The initiative is operating in many communities in Enugu, Taraba, Ondo and Sokoto. It has transformed the lives of children who are now allowed to dream of a better future. The bank believes that through this gift of mobility, more children stand a chance at beating the cycle of poverty and bridging the class gap.

Promoting Enterprise:

In line with its commitment to creating platforms that empower people and industries across Africa, the bank promotes enterprise through consumer-focused events. The GTB Food and Drink Festival which was launched in 2016, brings together 600,000 people from across the continent and beyond to support Nigeria’s vibrant and burgeoning small businesses in the food retail sector. The 2019 edition accommodated 300 small businesses, more than double the number from the previous year. In November 2019, the bank also hosted the GTBank fashion Weekend to showcase the wealth of talent, innovation and enterprise in the African fashion space. The event is also intended to grow Africa’s contribution to the global fashion industry by empowering entrepreneurs with the tools needed to thrive on the world stage.

Covid-19 Response:

Following the outbreak of the coronavirus disease, GTB set up a 110-bed facility in Onikan, Lagos to support the governments effort for people in need as a result of Covid-19. The facility was ready within 5 days and is a state-of-the-art healthcare facility with ICU’s, a pharmacy, consultation rooms, a doctor’s quarters and other healthcare essentials. It became a rallying point for corporate citizenship with other companies contributing expertise and resources to support the facility. The bank also donated a sum of N1 billion and played a leading role in the Private Sector Coalition against COVID-19, also known as CACOVID. Medical facilities across the country were equipped through CACOVID to ensure that the country had an adequate distribution of medical supplies and treatment facilities.