Union Bank Unveils its 2020 Citizenship, Sustainability, and Innovation (CSI) Report

Proshare

Thursday, May 27, 2021/09:50AM/Union Bank/Header Image Credit: Union Bank


 Proshare Nigeria Pvt. Ltd.


Union Bank, one of Nigeria's foremost financial institutions, has announced the release of its 2020 Citizenship, Sustainability, and Innovation (CSI) report, outlining its initiatives across three pivotal areas- Citizenship, Sustainability, and Innovation.  

 

The report gives a detailed account of Union Bank's continued efforts towards creating a more sustainable future by further embedding responsible business practices, positively impacting people, and communities, and driving innovation. The Bank's initiatives are in alignment with the Nigerian Sustainable Banking Principles (NSBPs) and the Sustainable Development Goals (SDGs),

 

The CSI Report is compliant with the Global Reporting Initiative (GRI) Standards, underscoring the Bank's focus on transparent, accountable reporting of its initiatives.

 

Speaking on the 2020 CSI report, the Chief Executive Officer of Union Bank, Emeka Okonkwo said:

"Our 2020 CSI report lends further credence to our commitment to a more sustainable world. Notwithstanding the turbulent events brought on by the COVID-19 pandemic in 2020, we remained firm in our resolve to positively impact the communities within which we operate.

As the world battled unprecedented challenges brought on by the pandemic, we pivoted our citizenship initiatives to address urgent needs and embarked on a journey to meaningfully impact our employees and the communities we serve."

 

During the year in view, the number of Union Bank branches and Automated Teller Machines (ATMs) on the solar grid increased to 111 and 407 respectively, thereby reducing the Bank's environmental footprint and demonstrating a firm commitment to environmental responsibility.

 

Other key highlights of the Report include the Bank's multi-pronged approach to support the fight against COVID-19, donating a total of N350 million to the Coalition against COVID-19 (CACOVID), the Lagos State COVID-19 Emergency Food Response programme and 54 Gene, an African genomics research, services and development company.

 

Through the 2020 Employee Volunteer Day initiative - The Gift of Water, Union Bank and its employees also provided potable water to over 15,000 Nigerians.

 

In addition, on the platform of Edu360, Union Bank provided much-needed support to education sector stakeholders, through knowledge-sharing sessions and other key projects and partnerships.  

 

The release of the fifth CSI report underscores Union Bank's commitment to maintaining its leading position as a sustainability champion and a socially driven and responsible corporate organisation.

 

Click here to read the complete Report.


Proshare Nigeria Pvt. Ltd.


Related News

1.    Union Bank Honours Outgoing CEO - Emeka Emuwa; Introduces Incoming CEO - Emeka Okonkwo

2.     Union Bank FY2020 Audited Result: Dip in Top Line Earnings but Marginal Bottom Line Growth

3.     Union Bank 9 Months 2020 Results: Waking Up to New Opportunities, But Working on Challenges

4.     Moody's Announces Completion of a Periodic Review of Ratings of Union Bank of Nigeria Plc

5.     Union Bank Releases 2019 Citizenship, Sustainability and Innovation (CSI) Report

6.     Bullish Streak Sustained in NT-Bills Market, Union Bank CP Available

7.     Union Bank of Nigeria Plc, Series 3 and 4 CP Notes Now Open

8.     Union Bank Secures US$200m in OPIC Funding for SMEs and Women's Initiatives

9.     Union Bank of Nigeria Plc Board Chairman Cyril Odu Passes Away

10.  Union Bank Hosts Financial Markets Dealers Association Meeting

11.   Union Bank of Nigeria Plc Series 1 and 2 Commercial Paper Offer Now Open

12.  Union Bank Plc Announces Resignation and Appointment of Chief Financial Officer


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP