One of Nigeria’s foremost financial institutions, Union Bank of Nigeria Plc, has announced the release of its 2019 Citizenship, Sustainability, and Innovation (CSI) report – an annual report outlining the Bank’s social and environmental investments during the year under review.
According to a statement which was made available to Financial Edge, the report gives a detailed, year-long account of responsible business practices, innovation, and community impact.
The 2019 report was prepared in line with the Nigerian Sustainability Business Principles (NSBPs) and the Global Reporting Initiative (GRI) standards, highlighting Union Bank’s commitment to transparent reporting of its CSI efforts.
The report also provides insight into the Bank’s commitment to making lives better for Nigerians by enabling success and championing development in Nigeria, in line with 14 out of the 17 Sustainable Development Goals (SDGs).
In addition, the report explained that, in 2019, Union Bank achieved its plan to deepen its sense of shared ownership and accountability, leveraging the unique three-pillar model: Citizenship, Sustainability and Innovation. This model informed the Institution’s choice of partnerships, as the Bank continues to explore ways and opportunities to deepen engagement and ensure sustainable and scalable impact.
Speaking on the release of the report, the Chief Executive Officer, Emeka Emuwa, expressed his satisfaction at the contributions of the Bank as a leading financial institution committed to making lives better for Nigerians.
In his words “We have continued to make progress in embedding Citizenship, Sustainability, and Innovation into our operations as a Bank. Last year when I presented our scorecard, I highlighted that our focus for 2019 would be to deepen our sense of shared ownership and accountability. We have achieved this and more by making significant, and strategically aligned contributions aimed at enabling youth empowerment, social innovation, arts, and culture, and fostering a globally competitive economy.”
After more than a century in business, Union Bank has solidified its position as Nigeria’s most trusted financial partner, innovating in response to evolving customer needs and championing growth and development for all, especially those at the bottom of the pyramid.
Underscoring this commitment, last year, Union Bank won three awards at the 2019 Sustainability, Enterprise and Responsibility (SERAs) Africa CSR Awards ‘Best Company in Environmental Excellence’, SERAS Innovation Prize Award and the Second Runner Up award in the Most Responsible Company category.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.
In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.
The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.