At Stanbic IBTC, we understand that the success of our organisation is inextricably linked to the prosperity and wellbeing of the societies and environments in which we operate.
We view sustainability as a synergistic relationship with two facets, which involve optimising our Positive Impact, while addressing and managing Environmental, Social, and Governance (ESG) risks inherent in our business activities. This balanced approach helps us ensure that we operate as a responsible and resilient corporate citizen.
Given our purpose and commitment to solutions that drive your progress, our sustainability strategy focuses on three High Impact Goals (HIGs), which incorporate sustainability as a commercial strategy and best practice of ESG risk management for delivering positive impact.
Our approach is guided by global standards and frameworks.
Our strategic value drivers
The six value drivers encourage not only financial performance but also performance concerning our clients and our employees, how we conduct business, and ultimately, the Social, Environmental, Economic and Governance outcomes for the communities and environments in which we operate. The Positive Impact framework serves as the core of sustainability in Stanbic IBTC.
Our High Impact Goals
Our sustainability purpose statement, ‘”Facilitating Nigeria’s sustainable future” is aligned with our ambition to become the leading financial institution driving sustainable finance solutions in Nigeria. To achieve this, we have thus defined three high impact goals in line with our Positive Impact framework.
This High Impact Goal speaks to the Group’s activities of promoting industrial growth in a way that is environmentally responsible, socially inclusive and economically viable. We demonstrate how sustainability has been integrated whilst ensuring profitability into our lines of business.
Facilitating sustainable trade within the Group involves supporting and promoting trade practices which drive socioeconomic growth and development. We adopt innovative financial solutions such as supporting the growth of the renewable energy sector, fostering job creation, pollution reduction and the mitigation of climate change effects.
Our third High Impact Goal demonstrates how we ensure fair access to finance whilst empowering underserved communities to improve their access to finance and thus create livelihood for these sectors.
Positive Impact Areas
We have identified four impact areas where we believe we can best achieve our purpose (to drive Nigeria’s growth), while positively impacting society, the economy, and the environment. The four Positive impact areas are consistent with the nature of our business and are aligned to the United Nations Sustainable Development Goals (UN SDGS) and the African Union Agenda 2063.
We are dedicated to enhancing job creation and enterprise growth across Africa, by facilitating robust trade and investment while strengthening the agriculture value chain.
- ₦53.4bn in loans disbursed to 2,730 SME clients for the year ended 2024
- ₦8.9bn in credit facilities disbursed to support healthcare service providers
- Facilitated trade solutions valued at over ₦2.1tn for clients in 2024
We are eager to enable Africa’s just energy transition and finance critical infrastructure development crucial for expanding access to sustainable energy for all.
- Investment placements valued at ₦57bn across healthcare, energy and infrastructure projects in 2024.
- Sustainable finance facilitated in 2024 across business areas is valued at ₦173bn.
The Group actively partners with clients, offering sustainable finance solutions to strengthen their resilience and support their transition towards sustainable business practices.
- 56 locations groupwide (42 bank, 2 Head Office campuses, 12 SIPML) run on solar-hybrid powered energy solutions.
- Recycled 196.6 tonnes of waste papers in return for tissue papers in 2024.
- Over 106,000 trees have been planted by the Stanbic IBTC Group.
As we move towards greater financial inclusion and the empowerment of SME owners, particularly women and young people, we are dedicated to providing tailored solutions that encompass access to finance, capacity building, networking and market opportunities.
- Facilitated ₦9.1bn in financing for women operated businesses in 2024.
- 31,828 participants engaged in 1,439 financial awareness sessions within 2024.
- Add a bullet on YLS number of participants
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Our sustainability reports
Stanbic IBTC is committed to transparency and effectiveness in our sustainability reporting
Stanbic IBTC 2023 Sustainability Report Stanbic IBTC 2022 Sustainability Report Stanbic IBTC 2021 Sustainability ReportCase Studies
Stanbic IBTC Towers, the new flagship head office for Stanbic IBTC Pension Managers Limited was commissioned on 02 February, 2024. The project achieved a 4-star design stage green building rating from the Green Building Council of South Africa (GBCSA), making it the first building projected in Nigeria registered and certified by the GBCSA.
This prestigious rating reflects Stanbic IBTC’s commitment to environmentally responsible construction and operational pieces. In 2024, the Group reduced water consumption at the Towers by 51%. We have realized a notable 7% year-on-year reduction in energy consumption at our head office campuses
The Green Building features a dedicated lifestyle floor, promoting employee wellbeing through the gym, creche, lactorium (mother’s room), and wellness center.
In October 2024, Stanbic IBTC Bank secured a loan of up to $40mn from FinDev Canada, Canada’s development finance institution. This partnership aims to expand access to financing or refinancing of green, social and sustainable finance projects in Nigeria while supporting key sectors like agribusiness, healthcare, education and sustainable infrastructure.
The loan will support Stanbic IBTC’s sustainability initiatives and empower micro, small, and medium sized enterprises (MSMSEs), with a focus on at least 30% dedicated to women owned or women-led businesses.
Stanbic IBTC’s interventionist programme and flagship corporate social investment (CSI) project Together4ALimb, has continued to give hope and transform the loves of children living with limb loss from congenital issues or birth defects, accidents, or mismanaged injuries across the country.
In 2024, Stanbic IBTC provided prosthetic limbs for 36 children from different communities in Nigeria making a total of 136 beneficiaries in ten years who have received the support. The beneficiaries were also awarded an Educational Trust worth ₦1.5 million each to access quality education.
The Stanbic IBTC Staff Volunteerism initiative encourages staff members in various departments across the organisation to voluntarily pool funds for donations to worthy causes aligned to our CSI areas. The organisation provides an additional donation matching the total funds pooled by staff, and the combined amount is deployed towards the execution of the CSI project selected by staff.
In 2024, total donations from staff volunteerism, including matching funds amounted to over ₦264.5mn.
Stanbic IBTC demonstrated its commitment to sustainable finance by providing a ₦12.6bn Sustainability Linked Borrowing Base Facility to M-KOPA Solar Nigeria Limited, a leading fintech provider focused on asset financing for underserved communities.
M-KOPA empowers individuals in Sub Saharan Africa by offering affordable financing for smartphones and digital financial services through an innovative repayment model.
The facility incorporates key Sustainability Performance Targets (SPTs) related to financial inclusion, clean energy and gender equality, reflecting Stanbic IBTC’s ESG commitment.
Our commitment to sustainability is integral to our mission and operations. This is exemplified through our extensive tree planting initiatives. In 2024, Stanbic IBTC partnered with One Tree Planted to plant 62,180 trees and restore 201 hectares of degraded land in the Afi Mountain Wildlife Sanctuary of Nigeria.
The Afi Sanctuary, home to rare species such as the Cross River Gorilla, has experienced significant deforestation, leading to habitat loss and biodiversity decline.
Through reforestation, this project connects critical wildlife corridors and movement, as well as improves the ecological health of the sanctuary.
Awards
ESG TOP PERFOMER AWARD (BRONZE CLASS) - IPMC ESG Rating
2024
BEST SUSTAINABILITY (ESG) RISK INITIATIVES - Nigeria Risk Awards
2024
INNOVATION EXCELLENCE AWARD - (SAPOA) South African Property Owner Association
2024
BEST IN ENVIRONMENTAL STEWARDSHIP - SERAS African Sustinability/CSR Awards
2024
FINANCIAL INCLUSIVE PENSION COMPANY - International Financial Inclusion Awards
2024
BEST COMMERCIAL OFFICE DEVELOPMENT AWARD - African Property Investment Awards
2024
MOST OUTSTANDING WOMAN COMMUNITY (Financial Sector) - Woman in Marketing and Communications Awards (WIMCA)
2024
OUTSTANDING AGRIC SUPPORTING BANK OF THE YEAR FROM THE MARKETING EDGE AWARDS
2023
COMPANY LEADERSHIP GENDER DIVERSITY FROM THE GENDER LEADER AWARDS
2023
GENDER EQUALITY CHAMPION FROM THE GENDER LEADER AWARDS
2023
WOMEN’S EMPOWERMENT AND LEADERSHIP FROM THE GENDER LEADER AWARDS
2023
Most Outstanding Bank Supporting Women Owned Businesses from the WIMCAR Awards
2023
Best Company in Gender Equality and Women Empowerment from the Africa Sustainability/CRS (SERAS) Awards
2023
MOST OUTSTANDING BANK IN GENDER INCLUSION FROM THE WIMCA AWARDS
2022
BEST IN CORPORATE SUSTAINABILITY FROM THE LAPRIGA AWARDS
2021
BANK OF THE YEAR SUSTAINABILITY FROM THE INDUSTRY AWARDS
2021
OUTSTANDING COMMUNITY SERVICE AWARD FROM ASCEND HOTELS LIMITED
2020
BEST HR TEAM AWARD FROM HR PEOPLE MAGAZINE AWARDS
2020
BEST TRAINING, LEARNING & DEVELOPMENT STRATEGY AWARD FROM HR PEOPLE MAGAZINE AWARDS
2020
BEST WORK LIFE HARMONY AWARD FROM HR PEOPLE MAGAZINE AWARDS
2020
BEST TRAINING, LEARNING & DEVELOPMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2019
OUTSTANDING EMPLOYEE ENGAGEMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2019
LEADERSHIP AWARD – DALE CARNEGIE
2019
BEST DIVERSITY AND INCLUSION INITIATIVE AWARD FROM CHARTERED INSTITUTE OF PERSONNEL MANAGEMENT
2019
BEST STRATEGIC HR INITIATIVE AWARD FROM CHARTERED INSTITUTE OF PERSONNEL MANAGEMENT
2019
Career progression for Women Award from the CFA Society Nigeria
2018
Work-Life balance Award from the CFA Society Nigeria
2018
Special Honours for Promoting Youth and Sport Development from National Sports Festival Inaugural Awards
2018
BEST HR OPTIMIZATION AWARD FOR EMPLOYEE ENGAGEMENT AND INTERNAL COMMUNICATION
2017
OUTSTANDING EMPLOYEE ENGAGEMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2017
OUTSTANDING TALENT MANAGEMENT STRATEGY FROM HR PEOPLE MAGAZINE AWARDS
2017
HR BEST PRACTICE AWARD FROM THE FINANCIAL INDUSTRY IN NIGERIA
2017
EXCEPTIONAL INVESTMENT IN EMPLOYEE MEDICAL AND WELFARE FROM REDBRIDGE HEALTH CARE
2017
HR BEST PRACTICE FROM CHARTERED INSTITUTE OF PERSONNEL MANAGEMENT AWARD
2017