.png) |
| Logo. |
Stanbic IBTC Holdings, a member of Standard Bank Group, resolved to explore avenues to achieve net zero emissions by 2050, with the hope to create a more sustainable future for all. The organization had since embarked on several laudable initiatives to meet the commitment.
As
described by the United Nations, an organization would attain ‘net zero’ when
it had fulfilled its pledge to cut greenhouse gas emissions to as close as zero
as possible, while any residual emissions are re-absorbed from the atmosphere.
In
2020, Stanbic IBTC deployed hybrid solar systems in some of its branches and
off-site ATMs across the country, which reduced its total carbon emission by
1.67 tonnes. In addition, the organization reduced its paper usage from
printing and photocopies by 30 percent across branch locations on the Go-Green
branch initiative. Reduction in paper usage indirectly contributes to reduced
tree-felling for paper production.
In
2021, the financial institution held a sustainability webinar tagged: ‘Working
Towards Net Zero Emissions’, as part of the Stanbic IBTC 2021 Sustainability
Week event. The webinar aimed to promote public awareness of the impact of
climate change and provide practical methods toward carbon footprint reduction
and net zero emissions achievement.
Dr.
Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC said, “Stanbic IBTC
remained committed to addressing issues that relate to climate change and
creating an environment that is friendly and habitable for all
Nigerians”.
Demola
pointed out that in line with the Paris Agreement adopted by 196 countries to
reduce global warming and build resilience to climate change, the financial
institution had taken pragmatic steps aimed at reducing paper usage and carbon
emission.
“We
cannot ignore our responsibility in addressing current climate changes. Through
small adjustments leading to a more conscientious and sustainable lifestyle,
each of us can take part in the global climate protection project,” Demola
said.
“As
reflected in one of our strategic value drivers SEE (Social, Environmental and
Economic) Impact,
Stanbic IBTC is focused on ensuring it does business responsibly whilst
positively impacting the society and environment where we operate. Our value drivers serve as the anchor for
Stanbic IBTC environmental footprint management, which includes the reduction
of carbon emissions, and effective waste management.”
Speaking
in the same vein, Kunle Adedeji, Executive Director, Finance and Value
Management noted that the financial organisation strives to accelerate the
development of a more sustainable future for all.
He
said: “We have already commenced various workstreams that will help us on the
journey towards net zero emissions. Some of these include understanding our
energy sources, consumption patterns and possible areas for efficiency;
adoption of cleaner energy sources in our office locations, leveraging natural
gas and solar energy solutions; and adoption of tree planting programmes which
will help us with carbon sequestration.”
Stanbic
IBTC remains committed to reducing global warming by taking part in the global
climate protection project to make the world a better place.
.png&description=Stanbic IBTC Explores Avenues To Achieve Net Zero Emissions.){kind=link}
0 Comments
DISCLAIMER
The views and opinions expressed on this platform as comments were freely made by each person under his or her own volition or responsibility and were neither suggested nor dictated by the owners of Precious Eze's Blog or any of their contracted staff. So we take no liability whatsoever for such comments.
Please take note!