Union Bank releases CSI report
Union Bank of Nigeria has published its Sustainability, Citizenship, and Innovation (CSI) report, highlighting its efforts in three key areas: Citizenship, Sustainability, and Innovation.
The report, titled “Driving Inclusive Growth; Impacting Lives, Enabling Success,” is the bank’s 7th edition and provides a comprehensive overview of its commitment to a sustainable future.
The report showcases Union Bank’s dedication to responsible business practices and its impact on individuals and communities.
It delves into the bank’s activities over the past year, offering insights into its strategies, performance, and processes in implementing various projects and initiatives. Union Bank focused its efforts on five of the United Nations’ Sustainable Development Goals (SDGs) in line with its theme for the year.
These goals include Quality Education, Gender Equality, Affordable and Clean Energy, Climate Action, and Partnership to Achieve Goals. By aligning with these SDGs, the bank aimed to positively impact the lives of its stakeholders and society as a whole.
The CEO of Union Bank, Mudassir Amray, emphasised the bank’s commitment to driving inclusive growth in relation to the 2022 CSI report.
He highlighted key partnerships that helped achieve this. He said: “We firmly believe that small businesses are the engine house of economic growth. This is why we entered a $30 million partnership agreement with the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets.
“This partnership aims to enhance access to finance for small businesses in Nigeria, supporting increased trade and enabling us to expand lending to businesses in critical sectors, including food, healthcare, manufacturing, and services.”
Amray also highlighted the bank’s efforts in driving financial inclusion. He said, “We are also particularly proud of our financial inclusion initiatives, such as our partnership with Wacot Rice Limited, which enabled us to reach around 7,000 farmers across five Local Government Areas in Kebbi State.”
