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Environment, Social and Governance Integration
Environment

Motivated by the current global environmental challenges and developments, Access Bank supports global sustainability efforts at making the environment more conducive for individuals and business operations.

Climate Change
In 2009, Access Bank commenced the strategic integration of Environmental, Social and Governance (ESG) considerations into its business operations. The review takes all significant ESG issues into consideration while ensuring that our business operations do not degrade the environment or cause social harm. The 1st step was the signing onto the United Nations Global Compact (UNGC) and Equator Principles (EP) in June, 2009. On this project, Access Bank has achieved the following:

  • Gap analysis: A Gap Analysis was conducted. Policy, capacity development and reporting were identified. In view of the aforementioned, the Bank is working on an ambitious Environmental, Social and Corporate Governance (ESG) plan which will lead to the formulation of long-term ESG goals.
  • Cost Benefit Analysis (CBA): The CBA findings covered identifiable non-financial terms as well as financial terms which helped in accessing the total expected costs against the expected benefits of implementing ESG considerations in our project financing and other lending activities.
  • Development of Sector polices:  Cement and Oil and Gas sector polices have been developed.
  • Customized tool kit: Sustainable Finance Limited (a subsidiary of Pricewaterhouse Coopers) is currently in the process of designing a sustainable tool kit that will assist the Bank capture transaction impacts/risks, recommend outcomes for the risk management approaches, and define monitoring and reporting requirements of lending activities.
  • Review and update of Environmental and Social Risk Management (ESRM) Policy and procedure: Our Environmental and Social Risk policy requires all lending decisions to include consideration of risks such as climate change, including the physical risks it brings from extreme weather and other changes. It also covers the impacts of clients’ activities on biodiversity, deforestation, air and water pollution. This holistic approach to sustainability risk means we are steering our lending towards

Project prospects in Access Bank Plc are screened for inherent social and environment risks associated with the project and classified under the following based on the outcome of the risk assessment.

Category A: High Risk
Projects with potential significant adverse social or environmental impacts that are diverse, irreversible or unprecedented.

Category B: Medium Risk
Projects with potential limited adverse social and environmental impacts that is few in number, generally site specific, largely reversible and readily addressed through mitigation measures.

Category C: Low Risk
Projects with minimal or no social or environmental impacts. Prospective Projects are either embarked upon or declined based on the category it falls into.

Footprint Management
The impacts of climate change have made us advocate a proactive response as tackling climate change will require a concerted effort between government, businesses and individuals. In line with achieving its set environmental targets, Access Bank has embarked on new environmentally-friendly initiatives and we are irrevocably committed to reducing our carbon footprint.

Reduce GHG emissions and energy use
As a result of inadequate power supply in 2010, we expended an estimated 1,770,000 gallons of diesel for the period, equivalent to 71,932,800 Joules of energy, to complement the 6,500,000kwh power supply from the National Power Holding Company.

We have also been able to save energy significantly through our policy of shutting down generators at 5pm for branches and 8pm for the Head Office. This has resulted in a total saving of 354,000 gallons in the period which is equivalent to 14,386,560 Joules of energy saved for the reporting period.

Responsible Water Use
In 2010, the Bank consumed 2,290,000 gallons of water. The percentage of reused/recycled water to total volume of water consumed over the period is 10%.

Responsible Transportation
We understand that anthropogenic climate change poses major risks not only to our environment and human health, but also to our economic systems. We are therefore conscious of the potential hazards of poor management of our fleet system and have taken some steps to reduce our impact on the environment through our transport system.

  • In order to reduce the total number of car users across its employee base Access Bank provides buses to ferry its employees within different regions to its service outlet. This initiative has helped reduce daily use of personal cars amongst staff members and indirectly reducing potential emission of toxic waste into the environment through use of personal cars.
  • In dealing with these challenges, we constantly maintain and assess our cars to ensure they meet the minimum requirement of road worthiness and use. The cars under our fleet management are serviced on a regular basis to ensure they are in good shape and contribute minimum environmental pollution.
  • Access Bank disposes of cars that have been in use for over a certain number of years and have depreciated significantly, especially to the extent that their use may impact negatively on the environment.

Reduce Paper Use
Paperless Processes
To reduce cumbersome paperwork involved in various internal processes, we have invested in a ‘workstation' software that automates basic bank operations and processes.

Paper Usage
We have instituted and communicated paper usage policy, which advices staff to avoid printing. However, if necessary, printing should be done on both sides of a paper. Where applicable a piece of paper can be re-used. This has helped reduce paper wastage across the Bank. To produce the 2008 Corporate Social Report, we purchased 14,700 pounds of FSC-certified paper. By using this 100% post-consumer recycled paper, Access Bank and its supplier:

  • Saved over 163 million BTUs of energy;
  • Eliminated over 29,913 lbs CO2 equiv;
  • Saved 72,591 gallons of water; and
  • Prevented over 12,372 pounds of solid waste.

2012 Report of Access Bank's Project Finance Activities in line with Equator Principles

2011 Report of Access Bank's Project Finance Activities in line with Equator Principles

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