Climate Change Data

FCMB Group Plc

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Social Inclusion
  • Economic Empowerment
  • Environmental Sustainability
  • Governance

Environmental Achievements

  • 60% year-on-year reduction in carbon footprint due to solar power adoption in 160 branches and 573 ATMs (73% of total branches)
  • 25% reduction in waste sent to landfills through corporate recycling program
  • 65% increase in waste upcycling

Social Achievements

  • Launched and supported various initiatives for women empowerment (SheVentures), providing grants, seed funds, zero-interest loans, and training to over 50,000 women-owned businesses
  • Supported over 5000 youths through the 'Empowered for the Future' program
  • Provided vocational skills training to 700 women
  • Onboarded nearly 80,000 customers (22% growth YoY) through microfinance lending business, with 82% being female and 48% youth
  • Opened accounts for over 250,000 individuals through agent network
  • Provided free eye care services to over 350,000 beneficiaries
  • Donated 50 artificial prosthetic limbs
  • Provided scholarships to over 5000 less privileged children
  • Upgraded Flexible and Smart work policy resulting in 60% of our workforce working remotely, reducing CO2 emissions and diesel consumption.

Governance Achievements

  • Achieved ISO recertifications: ISO 27001, ISO 20000, PCI-DSS, ISO 20022, ISO 9000
  • Operated a 100% regulatory-audited safe business environment

Climate Goals & Targets

Long-term Goals:
  • Net zero financial institution

Environmental Challenges

  • Rampaging floods across many states
  • Global cost of living crisis
  • Energy crisis caused by the Russia-Ukraine war
  • Lingering COVID-19 woes
  • Gruesome inflation in 2022
Mitigation Strategies
  • Improved lending processes to meet Global Best Practices in Social and Environmental Risk Management (SERM)
  • Incorporated additional and emerging environmental and social risks into E&S policy and procedure
  • Aligned financial flows to sustainable development priorities with the Task Force on Climate-Related Financial Disclosures (TCFD)
  • Extended support to greener businesses in renewable energy, energy efficiency, agriculture, and technology
  • Collaborated with MFIs and DFIs like PROPARCO, Mastercard, the African Development Bank, and International Finance Corporation

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
Opportunities
  • Renewable energy investments

Reporting Standards

Frameworks Used: Global Sustainable Development Goals (SDGs), Task Force on Climate-Related Financial Disclosures (TCFD)

Certifications: ISO 27001, ISO 20000, PCI-DSS, ISO 20022, ISO 9000

UN Sustainable Development Goals

  • SDG 13 (Climate Action)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 15 (Life on Land)
  • SDG 17 (Partnerships for the Goals)
  • SDG 1 (No Poverty)
  • SDG 2 (Zero Hunger)
  • SDG 3 (Good Health and Well-being)
  • SDG 8 (Decent Work and Economic Growth)

Initiatives contribute to these goals through various programs and partnerships.