Climate Change Data

Stanbic IBTC Holdings PLC

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:27.8 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Diversity and Inclusion
  • Financial Inclusion
  • Job Creation and Enterprise Growth
  • Infrastructure Development and Energy Transition

Environmental Achievements

  • 14.2% year-on-year reduction in energy consumption at a major campus location
  • Recycled 27.8 tons of wastepaper
  • Planted 30,000 trees (cumulative 43,928)
  • 35 bank branches and 12 SIPML locations transitioned to solar-powered energy solutions

Social Achievements

  • Together4ALimb program supported 100 children
  • Invested over ₦300 million in Together4ALimb
  • Invested ₦1.1bn in employee training and development
  • Positively impacted 10 million people through CSIs
  • Enterprise Academy workshops impacted over a thousand SME business owners
  • Blue Blossom expanded support for women-operated businesses

Governance Achievements

  • Achieved a 4-star design stage green building rating for Stanbic IBTC Towers from the Green Building Council of South Africa (GBCSA)
  • Joined the Sustainability Standards and Certification Initiative (SSCI) of the European Organisation for Sustainable Development (EOSD)
  • Implemented a robust Environmental and Social Management System (ESMS)

Climate Goals & Targets

Long-term Goals:
  • Net-zero carbon emissions from existing operations by 2040
  • Net-zero portfolio of financed emissions by 2050
Medium-term Goals:
  • Net-zero carbon emissions from new facilities by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vendor code of conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core Option, CBN’s Nigerian sustainable banking principles (NSBP), Nigerian Exchange Group sustainability disclosure guidelines, Securities and Exchange Commission’s Sustainable Financial Principles for the Nigerian Capital Market

Certifications: ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 1. No Poverty
  • 2. Zero Hunger
  • 3. Good Health and Well-being
  • 4. Quality Education
  • 7. Affordable and Clean Energy
  • 8. Decent Work and Economic Growth
  • 9. Industry, Innovation and Infrastructure
  • 10. Reduced Inequalities
  • 13. Climate Action

Not disclosed

Sustainable Products & Innovation

  • @ease
  • Blue Blossom
  • SME EZ Cash
  • SME Lite
  • BluEdge Savings Account
  • CHESS Account
  • Future Me Plan

Awards & Recognition

  • AAA Fitch National Rating
  • Outstanding Agric Supporting Bank of the Year
  • Women Empowerment and Leadership Company Leadership
  • Gender Diversity Gender Equality Champion
  • Most Outstanding Bank Supporting Women-Owned Business
  • Best Company in Gender Equality and Women Empowerment