Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Integrated a robust renewable energy in our new Head Office and continue to extend implementation across our branches.

Social Achievements

• Received the Financially Inclusive Bank of the year award (International Financial Inclusion Conference 2022), Non-interest Finance for Housing Award (African Housing Awards)
• Financed above 8,500 Small Businesses in 2022 with over 22 Billion Naira.
• Efforts have been made to create specialized products for Women SMEs (WSMEs) which will be launched in 2023 (Jaiz Women).

Governance Achievements

• Maintained its performance trajectory on a year-on-year basis. The bank recorded 29% increase in gross revenue of N 33.29billion for the period ended December 31, 2022, from N25.63billion as at December 31, 2021.
• The Bank’s investment-grade ratings by Fitch, Agusto & Co and GCR, which assigned BBB+, BBB and BBB- on the bank respectively.
• Recognition of the Bank as the Financially Inclusive Bank of the year in 2022 by the Central Bank of Nigeria, in conjunction with SANEF and Banker’s Committee.

Climate Goals & Targets

Environmental Challenges

• Several regulatory changes such as CRR and MPR increases as well as other macroeconomic variables
• The global economic downturn affected Nigeria’s economy bringing down annual GDP growth rate of the country to 3.1% in 2022 from a previous level of 3.4% in 2021.
• Headline inflation persisted in 2022 reaching a peak of 21.47% in 2022 from a previous level of 15.63% in December 2021.
• Depreciation of the Naira and wide parallel market premiums, foreign exchange earnings fell to $37.09bn in 2022 from a previous amount of $40.52bn in 2021, which led to fall in foreign reserve amidst capital outflow pressures, high debt servicing and subsidy payment.
• Sovereign downgrade of the country’s Long-Term Foreign-Currency Issuer Default Rating (IDRs) to ‘B-’ from ‘B’ in November 2022.
• The Central Bank of Nigeria within the year 2022, raised the Monetary Policy rate (MPR) by a cumulative 500 basis points in 2022 to a level of 16.50%.

Mitigation Strategies

• The Bank maintained its performance trajectory on a year-on-year basis.
• The bank recorded 29% increase in gross revenue of N 33.29billion for the period ended December 31, 2022, from N25.63billion as at December 31, 2021.
• PBT growth of 68% which is N6.63billion from N4.11billion within same period.
• Total assets grew by 36% from N279.28billion as at the end of December 31, 2021 to N379.50billion as of December 31, 2022.
• Total Deposit grew by 37.28% from N209billion as of December 31, 2021 to N291. 52billion as at December 31, 2022.
• Shareholders’ Funds also grew by 22%, from N24.31billion as at the end of December 2021 to N 29.58billion as at the end of December 2022.
• Robust succession plan that guides seamless leadership transition.

Supply Chain Management

Responsible Procurement

• Promoting ESG criteria across its business operations, and supply chain.

Climate-Related Risks & Opportunities

Physical Risks

• Massive flooding caused by excess rainfall

Reporting Standards

Frameworks Used: Nigerian Sustainable Banking Principles (NSBP), UNEP FI Principles for Responsible Banking (PRB)

Certifications: ISO27001, ISO22301, ISO20000, Payment Card Industry Data Security Standard – (PCIDSS)

UN Sustainable Development Goals

• 1,2,3,5,7,8,9, 10,11,12,13,16,17

Jaiz has a role to play in all 17 SDGs, however, for these points of action, we most directly impact 13 of the the Sustainable Development Goals of the United Nations

Awards & Recognition

• Financially Inclusive Bank of the year (International Financial Inclusion Conference 2022)
• Non-interest Finance for Housing Award (African Housing Awards)