World Environment Day: FCMB reiterates support to renewable energy

First City Monument Bank (FCMB), has reassured that it will continue to champion, execute and support initiatives that would enhance the  ecosystem, as well as tackle some of the adverse effects of climate change and other challenges facing the environment.

According to the Bank, this is in recognition of the fact that a cleaner and more sustainable environment is key to building a better world for present and future generations.

FCMB gave the assurance in a statement to commemorate this year’s World Environment Day (WED), which held on June 5, 2021, under the theme, “Ecosystem Restoration.” The annual WED is one of the principal vehicles through which the United Nations stimulates worldwide awareness of the environment and climate issues. It also serves as an opportunity to remind humanity of the need to protect the environment, as well as encourage responsible conduct by communities, enterprises and individuals in preserving and enhancing it.

Through the years, FCMB, under its Corporate Social Responsibility (CSR) philosophy, has maintained active participation in the WED. The institution does this by organising and hosting various educative programmes, in partnership with the Nigeria Conservation Foundation and other stakeholders. For this year’s edition, the Bank mobilised staff, hundreds of students and young Nigerians nationwide to plant trees in the six geopolitical zones of the country, as part of its “Go Green” initiative. The tree planting exercise, which also forms part of the Bank’s Employee Volunteering Scheme, would go a long way towards restoring the balance of the ecosystem and improving the environment.

The Bank’s sustainability agenda is underpinned by the nine pillars of the Nigerian Sustainable Banking Principles (NSBPs) developed and adopted by the banker’s Committee in 2012. The NSBPs encourage Banks to promote economic growth, business opportunities, and enhance innovation and competitiveness, whilst protecting communities and the environment in the course of daily activities.

Speaking on FCMB’s commitment to environmental sustainability and the WED, the Group Head, Corporate Affairs, Mr Diran Olojo, stated that these interventions are part of the Bank’s progressive journey and contribution towards making the world a better place.

According to him, “We are aware that climate change is one of the defining issues of our generation, threatening the existence and development of humanity and businesses. In Nigeria, the devastating effects of climate change are being felt through land degradation, deforestation, drought, flood, high temperature, migration, low agricultural output, unemployment, among other, negative effects. These limit opportunities for human and business growth, which is why we are committed to playing an active role to address these challenges as one of the major contributors to the development of Nigeria.”