Climate Change Data

Environmental Metrics

ESG Focus Areas

• Talent development
• Agriculture
• Financial literacy, empowerment and mentoring
• Employee engagement programmes
• Humanitarian donations
• Environmental and Social Risk Management System (ESMS)
• Women’s Economic Empowerment
• Financial Inclusion
• Environmental and Social Governance
• Capacity Building
• Collaborative Partnerships
• Reporting

Environmental Achievements

• Over 10 solar powered branches and over 40 solar powered ATMs.
• Use of energy efficient equipment; light bulbs and air-conditioning systems as well as sensor lighting, energy efficient escalators and elevators
• Introduced water treatment plants to reduce our waste water discharges and have recalibrated the diesel tanks in our branches to improve diesel efficiency.
• 74% of our branches are sustainability enabled and 44% friendly to physically challenged customers.
• 70% reduction in waste to landfills across our recycling locations

Social Achievements

• Partnership with LEAP Africa to build the capacity of twenty (20) social innovators.
• Headline sponsor of the Girls Coding technology summer camp for fifty (50) young women.
• Supported the nineteenth edition of the Leadership Academy impacting thirty six (36) people.
• Enabled twenty (20) budding photographers in gaining intuitive understanding of the visual language of photography.
• Youth empowerment initiative partnering with the Igbodo Development Union (IDU).
• Partnership with Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to launch a N10billion agricultural funding scheme.
• Support of over thirty thousand (30,000) small-holder farmers with funding.
• Support of Epe Fish Farmers Cooperative pilot project.
• Financial Literacy Mentorship Programme impacting over 15,000 school children.
• Commemorated 2017 Financial Literacy Day teaching three thousand one hundred and five (3,105) students.
• Commemorated World Savings Day teaching three thousand five hundred and four (3,504) students.
• Donated a fully furnished library to Mariam Alooma Muktar Secondary (MAMS) School, Kano.
• Annual FitFeb campaign.
• Sponsored the Nigerian Stock Exchange (NSE) Corporate Challenge.
• Offered free prostrate, cervical and breast cancer screening for four hundred and seventy (470) employees.
• Participated in the 17thAnnual Nigerian Bankers Games competition.
• Organized the Union Ballers tournament.
• UnionCares employee initiative donating ten thousand (10,000) food bags.
• Donated N180,000,000 to the Nigerian Police Force.
• Donated N45,522,513 to credible charitable organizations.

Governance Achievements

• Developed a Securities Trading Policy.
• Developed a Complaints Management Policy.
• Independently managed anonymous whistle-blowing channel by Deloitte and Touche.
• Developed a Remuneration Policy for directors and senior management.

Climate Goals & Targets

Environmental Challenges

• Shareholder litigation instituted by some shareholders of UBN Property Company Plc.
• Pending litigation instituted by some shareholders of UPCP
• Compliance with CBN Regulation on the scope of Banking Activities and Ancillary Matters

Mitigation Strategies

• Divestment of interests in portfolio companies except Union Bank (UK) Plc.
• Application for an International Commercial Banking license.
• Divestment of interests in subsidiaries: Union Capital Markets Limited, Union Assurance Company Limited, UBN Insurance Brokers Limited, Union Registrars Limited, Union Trustees Limited and Union Homes Savings and Loans Plc.
• Liquidation of Union Pension Custodians Limited.
• Suspension of divestment of UBN Property Company Plc due to pending litigation.

Supply Chain Management

Supplier Audits: All vendors go through a prequalification process using an E&S screening template.

Responsible Procurement

• E&S screening template

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UNGC, BCtA, NSBP

Certifications: ISO22301

UN Sustainable Development Goals

• SDG 1
• SDG 2
• SDG 4
• SDG 5
• SDG 8
• SDG 9
• SDG 16
• SDG 17

The Next100 Fund, a ₦100billion fund anchored on SDG 17 – Partnership for the goals. It will focus on strategic, multidimensional projects that address poverty, hunger, women empowerment, agriculture and education.

Environmental Metrics

ESG Focus Areas

• Citizenship
• Sustainability
• Innovation
• Community Impact
• Diversity & Inclusion
• Environmental Impact
• Education
• Employee Engagement

Environmental Achievements

• Awards: Best Company in Environmental Excellence and Most Outstanding Company in CSR/Sustainability 2018 (Sustainability, Enterprise and Responsibility Awards (SERAs) 2019)

Social Achievements

• Launched Edu360 to facilitate development in the education sector
• Launched Union360 - an enterprise online payment solution
• Most viewed Nigerian ad on YouTube
• Awards: Excellence in Banking Innovation 2018 (New Age Banking Awards)
• Awards: Advertiser of the Year (Pitcher Awards)

Governance Achievements

• Risk Management Optimization of our loan portfolio

Climate Goals & Targets

Environmental Challenges

• High NPL ratio (20.8% in 2017, reduced to 8.1% in 2018)
• Decreased Gross Earnings (11% decrease)

Mitigation Strategies

• Loan resolutions to reduce NPL ratio
• Portfolio optimization and risk management

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Edu360
• Union360
• TechVentures

Awards & Recognition

• Excellence in Banking Innovation 2018
• Best Company in Environmental Excellence
• Most Outstanding Company in CSR/Sustainability 2018
• Advertiser of the Year

Environmental Metrics

ESG Focus Areas

• Sustainability
• CSR
• Environmental Excellence
• Women Empowerment
• SME Support
• Digitalization
• Operational Efficiency

Social Achievements

• Launched TechVentures to support tech-based businesses.
• Launched αlpHer proposition to empower women through financial services and capacity building.

Climate Goals & Targets

Environmental Challenges

• Lower earning assets leading to decreased gross earnings.

Mitigation Strategies

• Focus on customer acquisition and portfolio diversification.
• Implementation of Long Term Efficiency Acceleration Programme (LEAP) to drive cost efficiency.
• Mitigation of FX risks by reducing exposure in foreign currency book.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Company in Environmental Excellence and Most Outstanding Company in CSR/Sustainability 2018 Sustainability, Enterprise and Responsibility Awards (SERAs)
• Advertiser of the Year Pitcher Awards
• Recipient of the Bronze award for Integrated Marketing Campaign – 2019 Pitcher Awards