Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Employee Empowerment
• Corporate Governance

Social Achievements

• Launched the NCB Nation Builder Awards to recognize SMEs.
• NCB Foundation committed over $115 million to projects and scholarships.
• Established two new tertiary scholarship programs: Parish Awards and ‘We Believe in You’ Fund.
• Supported CXC Fee sponsorship Programme for Principles of Accounts and Principles of Business examinations.
• Assisted schools in reconstruction efforts after hurricanes Dean and Gustav.
• Partnered with skills-based projects to enhance skills of over 250 trainees.
• Donated over 500 computers to schools and community groups.

Governance Achievements

• Reviewed corporate governance framework considering Bank of Jamaica’s standard and PsOJ Code.
• Established Board Committees (Audit, Credit, Corporate Governance).
• Approved a succession planning strategy for senior executives.
• Undertook a self-assessment exercise to review Board performance.

Climate Goals & Targets

Environmental Challenges

• Relatively flat economic activity and subdued financial market in Jamaica.
• Global financial crisis and market volatility.
• Adverse weather conditions impacting agricultural sector.

Mitigation Strategies

• Tighter cost management and pursuit of additional revenue opportunities.
• Prudent risk management techniques to mitigate potential losses.
• Improved loan origination and delinquency management practices.
• Strengthening operations to become a world-class financial institution.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bank of Jamaica’s standard of Best Practice for effective Corporate Governance, PsOJ Code of Corporate Governance

Awards & Recognition

• Best Practices - Corporate disclosure and Investor Relations award
• Governor General Award for Excellence
• Private Sector Corporate Social Responsibility Award
• Bank of the Year 2008
• Best Foreign Exchange Provider Jamaica (2008)
• Best Exporter Support Services - Financial Services Category