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ZENITHBANK Releases its 2019 Sustainability Report

World of Business	1148 VIEWS
World of Business
1148 VIEWS

Thursday, December 17, 2020 / 5:29 PM / NSE / Header Image Credit: Zenith Bank

Introduction

About this Report

Zenith Bank's Sustainability Report 2019 "Creating Value and Opportunities" covers January 1, 2019, to December 31, 2019. It is an annual report that discloses our economic, environmental and social performance in the financial year 2019 and our plans and target for the next five years. The standalone sustainability report is in its 5th year.

This report has been prepared in accordance with the GRI Standards: Core Option, and the GRI content index is available on page 109. The Management Approach for the General and Topic-Specific Disclosure guidelines for the different indicators are set out in the report. The report also discloses our alignment to relevant international and local standards like the Sustainable Development Goals (SDGs), the Principles for Responsible Investment by the United Nations Environment Programme Finance Initiative, the Nigerian Sustainable Banking Principles, and the Nigeria Stock Exchange - Sustainability Disclosure Guidelines.

The report also includes a materiality matrix covering all issues that are relevant to the business and its stakeholders, as well as a section showcasing the Bank's financial inclusion strides within the review period.

The report underscores our progress, challenges and aspirations as we transitioned further into sustainable finance in tandem with our continuous efforts to embed sustainability into our business operations and environs within this reporting frame, 2019. Herein, we have disclosed the impact of our positive and negative footprints on the economy, natural environment and the society. The Zenith Bank 2019 Sustainability Report also highlights the different stakeholders' engagement platforms that we deployed, the material issues that emerged from these engagements, and how they were managed.

Disclosures made in this report cover only the Nigerian operations of Zenith Bank Plc, unless otherwise stated. This year's report ushers us additional opportunity to gauge our progress so far in the sustainability journey. There are no restatements of information in the reporting period.

PricewaterhouseCoopers conducted a limited assurance engagement in accordance with international Standard on Assurance Engagement 3000 (Revised) 'Assurance Engagements other than Audits and Reviews of Historical Financial Information' issued by the international Auditing and Assurance Standards Boards. Zenith Bank's approach to engaging external auditors for the performance of limited assurance services ensures that the service is approved by the Executive Management of the Bank; that the auditors have the capacity to carry out the service; and that there is no interference with the independence of the auditors. The external assurance procedure included on-site visits, interviews with relevant KPI managers and verification of related documents and data.

Download Full PDF Report Here

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