• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, October 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

IPC Survey Ranks Fidelity Bank Amongst Top Banks In ESG

by Kingsley Okoh
1 year ago
in Business
Fidelity Bank
Share on WhatsAppShare on FacebookShare on XTelegram

A recent survey commissioned by the Independent Project Monitoring Company (IPC) Limited has ranked Fidelity Bank Plc fourth out of 29 Nigerian banks in Environmental, Social and Governance (ESG) practices and reporting.

Advertisement

The bank achieved a score of 57.73 per cent. The result shows that, ahead of Fidelity Bank, Zenith Bank was ranked first at 65.22 per cent, followed by Access Bank at 60.33 per cent and Stanbic IBTC Bank at 60.16 per cent. The United Bank for Africa (UBA) was ranked fifth at 57.19 per cent

In a post hosted on MSN.com, the IPC stated that the ratings were benchmarked against the leading global ESG rating companies such as S & P Global and MSCI Sustainability Ratings.

Advertisement

These weightings were determined following a comprehensive analysis of both global rating standards and the specific nuances of the Nigerian business landscape, resulting in allocations of 13 per cent for environmental factors, 43 per cent for social factors and 44 per cent for governance factors.

In his welcome address at the launch of the ESG report in Lagos, the managing director, IPMC, Robert Ode Odiachi, said the Nigerian banking and insurance sector have played key roles in the economic stability of the country.

He said, in the midst of growing challenges facing the two sectors, there is a growing need for banks to integrate Environmental, Social and Governance (ESG) practices into their operations especially in the area of risk management and reporting.

RELATED NEWS

Global Significance Of China-Inspired Eight Rules And Lessons

Nigerian-German Trade Volume Increases By 30% In 2025 – Envoy

CBN Hails Nigeria’s Exit From FATF Grey List, Says Feat ‘ll Boost Global Confidence

Investing In Braided Wigs For Profit

This proactive approach helps them stay adaptive to changing regulations, amidst the rising expectations of consumers, he stated.

Also speaking at the event themed, ‘Driving Impact: Harnessing ESG for Sustainable Finance’, Special Adviser to the President on NEC and Climate Change, Rukaiya el-Rufai, said companies that prioritise ESG are not only contributing to a more sustainable and an equitable world but are also positioning themselves for value creation that not only ensures greater financial performance but embeds value levers that will sustain the performance.

According to el-Rufai, corporates must ensure that they attain the fine balance of creating sustainable value for their enterprises as well as for society in what is understood as share value creation.

This means that corporates must look beyond themselves to seek to understand and incorporate what value means to their stakeholders. “Corporates can leverage frameworks, standards, ratings and guidelines to establish clear expectations and avoid blind spots in their operations.

“Companies that proactively address these issues through sustainable practices, such as reducing carbon footprints, investing in renewable energy and promoting circular economies, are better positioned to thrive in a resource-constrained world,” she stated.

Recall that in November 2023, Fidelity Bank became an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShareTweetShare

OTHER NEWS UPDATES

BRI @10: Expanding Economic Opportunities Through Sino-Nigeria Ties
Business

Global Significance Of China-Inspired Eight Rules And Lessons

1 hour ago
Nigerian-German Trade Volume Increases By 30% In 2025 – Envoy
Business

Nigerian-German Trade Volume Increases By 30% In 2025 – Envoy

1 hour ago
Who Is Dr Olayemi Cardoso?
Business

CBN Hails Nigeria’s Exit From FATF Grey List, Says Feat ‘ll Boost Global Confidence

2 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Mouktar Awards Grants To Three Former FCT Queens Players For Coaching Education

2 minutes ago

CFA Franc: Togolese Expert Calls For Monetary Sovereignty For Francophone Africa

10 minutes ago

Paracetamol And Pregnancy: What Expectant Mothers Should Know

15 minutes ago

Obama’s New Podcast Amplifies The Revolutionary Legacy Of Fela Kuti

15 minutes ago

Aristos Band To Hold Maiden Concert ‘The Life Of The Party’

19 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.