Access Bank A Leader in Corporate Social Responsibility in Nigeria
Access Bank is one bank that can be recognized for its strong CSR footprint in Nigeria. The bank has demonstrated a comprehensive approach to CSR, addressing various societal needs and promoting sustainability.
When judging banks with significant CSR contributions in Nigeria, Access Bank can indeed earn recognition and commendation for its efforts.
As part of its Corporate Social Responsibility (CSR) project under its Employee Volunteering Scheme, Access Bank’s Retail Operations Group has provided clean water to communities in need, designed to enhance community health.
The initiative aims to provide potable water to disadvantaged communities through the drilling of boreholes and the provision of water treatment plants.
Chairperson of the Retail Operations Group’s CSR committee, Folusho Ibeabuchi, expressed gratitude towards the Ogolonto community and its Baale for their support in facilitating the project.
“From the very first day we arrived, the Baale warmly welcomed us, making it easy to start the project and put everything in place. Thank you to the community for providing the space to locate this project,” Ibeabuchi said.
She highlighted the impetus for the project, noting the severe water scarcity in many Nigerian communities, which often leads to outbreaks of waterborne diseases such as cholera.
“We observed that many communities lack access to clean water, resulting in widespread waterborne diseases. Given this pressing need, we decided to focus on providing boreholes in areas without adequate water supply,” Ibeabuchi further said.
She explained that the selection of Ogolonto for the project was based on the community’s significant need for clean water. “We had several communities to choose from, including Badagry and Epe, but we prioritised Ogolonto due to its urgent need,” Ibeabuchi explained.
Access Bank in Nigeria has indeed been active in the realm of Corporate Social Responsibility (CSR) and has implemented various initiatives across the country.
For a refresher, CSR Reporters presents other key points illustrating the bank’s CSR efforts:
1. Sustainability Leadership: Access Bank has been recognized for its commitment to sustainability and responsible banking. It has integrated sustainability into its business operations, focusing on environmental, social, and governance (ESG) principles.
2. Community Development: The bank has engaged in numerous community development projects. These include educational initiatives, health programs, and efforts to improve infrastructure in underserved areas. For example, Access Bank has supported the renovation and building of schools, provided scholarships, and contributed to healthcare facilities and services.
3. Environmental Initiatives: Access Bank has been proactive in promoting environmental sustainability. The bank has launched projects aimed at reducing carbon emissions, promoting renewable energy, and encouraging environmental conservation. Their “Green Bond” issuance is an example of their commitment to funding environmentally friendly projects.
4. Financial Inclusion: Access Bank has worked towards enhancing financial inclusion in Nigeria. The bank has developed products and services tailored to meet the needs of the unbanked and underbanked populations, particularly in rural areas. Initiatives like agent banking and mobile banking services have been part of this effort.
5. Employee Volunteering and Engagement: The bank encourages its employees to participate in volunteer activities and contribute to community development. Employee engagement in CSR activities helps to amplify the bank’s impact on society.
6. Partnerships and Collaborations: Access Bank often collaborates with NGOs, government agencies, and other organizations to implement its CSR initiatives more effectively. These partnerships help in leveraging additional resources and expertise for greater impact.
Access Bank in Nigeria has indeed been active in the realm of Corporate Social Responsibility (CSR) and has implemented various initiatives across the country.
