FirstBank has emerged winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), according to a press release issued by the Tier 1 lender.
The statement said: “Following a rigorous and highly competitive selection process, FirstBank was awarded Nigeria’s Best Bank for ESG in 2024 by the respected and renowned Euromoney Awards for Excellence.
This award honours FirstBank’s contributions and unwavering commitment to Environmental, Social, and Governance investments in Nigeria, facilitated through innovative financial solutions and initiatives.
“Euromoney recognized FirstBank’s significant progress amongst other areas in the implementation of an ESG management system, which facilitated the screening of N4.2 trillion new transactions for potential ESG risks in 2024.”
The statement further said: “In support of Nigeria’s green transition, FirstBank funded a $10 million solar energy project, expanding access to off-grid solar solutions in Africa and Asia through a pay-as-you-go model; committing N16 billion to develop four modular independent power plants for a major beer manufacturer, enabling it to shift from diesel generators to more sustainable energy sources and significantly reducing production costs.
“Additionally, FirstBank started a tree planting campaign in partnership with the Nigeria Conservation Foundation to plant over 50,000 trees in 2024 demonstrating the Bank’s dedication to ESG as a business agenda.”
Expressing her delight at the recognition, the Group Head, Marketing & Corporate Communications, at FirstBank, Mrs. Folake Ani-Mumuney said: “We are thrilled to receive the Euromoney Award for Nigeria’s Best Bank in ESG.
This recognition is a testament to the power of enabling Giants in our employees, businesses, and communities to achieve success.
