Ecobank Wins Starsight Renewable Energy Sustainability Award 2020

Monday, March 29, 2021 / 09:00PM /Ecobank Nigeria / Header Image Credit: Ecobank Nigeria

Leading WestAfrican Commercial and industrial solar power and cooling provider, Starsightsays Ecobankis well placed to be the market leader in the establishment of "Green Branches' across the country. According to Starsight it has so far delivered more than100 branch facilities with its market leading renewable energy solutions,reducing Ecobank Carbon footprint and making Ecobank one of the market leadersin the implementation of renewables in the Nigerian Banking sector. Itwent further to state that Ecobank is well placed to be the market leader in "Green Branches' with an addition 50 Branches scheduled to go live in Q1 2021.

Presenting theStarsight Renewable Energy Sustainability Award for 2020 to Ecobank in Lagos,Teme Jack, Head Sales, SMEs, Starsight Energy, lauded the commitment of Ecobanktowards application of renewable solutions thereby reducing carbon footprints,stressing that the award was well deserving. She was optimistic that Starsightpartnership with Ecobank would further go a long way to environmentalsustainability. "Our partnership with Ecobank has delivered an outstandingresult in a short window time and we look at forward to expanding ourpartnership in Nigeria and other geographical regions of operations"

Receiving the award,Kola Adeleke, Ecobank Nigeria Executive Director, Corporate Bank said "sustainability remains an essential part of Ecobank's mission and vision ofbuilding a world-class Pan-African bank. Our long-term success is intertwinedwith the sustainable actions that supports the development of Nigeria andAfrica as a continent. Ecobank is focused on mainstreaming environmental andsocial best practices in its operations and has adopted various Environmentaland Social Governance (ESG) frameworks including the Nigerian SustainableBanking Principles (NSBP) as benchmarks for measuring its environmentalstewardship. We have been in partnership with Starsight Energy to deliver amarket-leading renewable energy solution across our branches in Nigeria, theyhave delivered over 100 branches facilities with renewable energysolution, thereby reducing our carbon footprint and making Ecobank one of themarket leaders in the implementation of Principle 2 of Nigeria SustainableBanking initiative". He stated.

Further, Mr. Adelekereiterated that to "Ecobank Group Sustainability framework is focused onfour thematic areas which includes: Economic Transformation, EnvironmentalSustainability, Socially Responsible Financing and Human Capital Development.These focus areas are aligned with the tenets of the Nigerian SustainableBanking Principles (NSBP). Besides, Ecobank is a signatory member of a numberof Environmental, Social and Governance (ESG) framework including the EquatorPrinciples and the United Nations Global Compact. We have set a target of achievingthe goals as regard SDG/Climate change and society's wellbeing. For instance,the Bank is committed to taking bold steps to reducing our carbon footprint,demonstrated in carbon emission from our business operations, travels, paperuse and office waste disposal. We further commit to invest in energy efficiencyby incorporating the use of renewable energy products and practices, designarchitecture for energy efficient building in new branch expansions, includingretrofitting programmes; as well as mainstreaming sustainable practices inthird party contractor's agreement for supply and procurement activities."