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FirstBank: Nigeria’s Premier Eco-Friendly Financial Brand

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By Jeremiah Agada

As the world gears up to celebrate the World Environment Day (WED), Brand Communicator’s focus on Eco-Friendly Brands in the Nigerian market falls on Nigeria’s premier and perhaps the strongest financial institution, First Bank of Nigeria Limited. The focus is on the Bank’s environmental policies and its impact on the global environmental issues.

This brings to fore the importance of environmental sustainability in our world today. Environmental sustainability is one of the biggest challenges and most important targets of the present times. Stakeholders (researchers, academicians, scholars, governments and non-government organizations involving individuals, communities, countries, and the continents, are increasingly focusing their attention on how to tackle the challenges associated with driving environmental sustainability. Key stakeholder concerns include the constant exploitation of the environment due to economic development. While the current generation is enjoying the fruits of economic development, they tend to be oblivious of the uncertainty and dangers that future generations would confront as a result of scarce natural resources and polluted environment. It is therefore, our responsibility to leave the planet as a self-sustainable system providing equal opportunities of survival not only to our future generations but also to all other species co-habiting with us.

In Nigeria, studies have shown that various sectors of the economy are vulnerable to climate change. These include human settlements and health; water resources, wetlands and freshwater ecosystems; energy, industry, commerce and financial services; agriculture, food security, land degradation, forestry and biodiversity; coastal zone and marine ecosystems.

Because of the seriousness of climate change and the impact it poses to the environment, an organization like First Bank of Nigeria Limited is leaving nothing to chance in ensuring an eco-friendly society. Its recognition of the environmental and social impacts of its operations has made it adopt policies and procedures that minimize negative environmental and social impacts.

In doing business, the Bank, which is Nigeria’s first and arguably its most prestigious, takes cognizance of potential environmental risks with a view to nipping them in the bud. This it has done by constant interactions with stakeholders, driving sustainable insurance and putting necessary frameworks in place towards ensuring that its actions as a corporate entity does not impact negatively on the environment.

As such, the sustainability of the societies and physical environments in which the Bank operates are critical to its own sustainable success. Therefore, the Bank has shown over the years that it is committed to making positive contribution wherever it does business while avoiding or minimising any direct or indirect negative impact on communities and the environment resulting from its activities, beyond its responsible lending and investment efforts.

The acknowledgement of the fact that its environmental impacts can be indirectly linked to climate change and its global effects has led the bank to adopt an approach to environmental sustainability which is two-fold based on its direct and indirect impacts. The approaches to reducing the direct impacts of its operations include approach to minimising carbon footprints and carbon offsetting; work towards carbon neutrality as well as promote wildlife and biodiversity conservation and preservation.

In minimising waste, the Bank works to improve energy efficiency in its data centres and offices as well as reduce air travels and implement safe paper use initiatives. It also increased the use of conference calls for meetings as against attending physical meeting schedules thereby minimizing fuel consumption and carbon emission from vehicles. Its ‘Going Green’ efforts have also seen the Bank purchase renewable energy; promote tree planting initiatives and the indirect impact of its activities focuses largely on responsible lending.

The Bank’s key objectives of minimizing carbon footprints through the planting of trees, creating awareness among school children of the need to preserve wildlife and biodiversity, developing and educating environmentally conscious students through partnerships with reputable NGOs and institutions, are huge. The challenge in implementing this project is not just in identifying suitable locations with the right soil and climatic conditions for tree planting, but also ensuring students’ participation.

These objectives and FirstBank’s responsible approach to protecting the environment has seen it partner with Nigerian Conservation Foundation (NCF), Nigeria’s premier non-governmental environment conservation foundation dedicated to nature conservation and sustainable development in Nigeria. Its on-going partnership with the NCF has seen it actively support annual activities promoting conservation and preservation of wildlife and biodiversity.

The FirstBank Conservation Initiative is part of our long-term approach to promoting sustainability, which involves minimising our direct and indirect impacts on the environment. And the success of this initiative is dependent on our meaningful engagement with our stakeholders.

With its huge expertise in environmental issues, the Bank found a worthy and perfect partner in the NCF to help implement this programme successfully. The NCF used its experience and influence to engage the various stakeholders to support the programme. This included utilising its conservation clubs, which provided educational sessions for the students on the importance and benefits of conservation and supporting biodiversity. The subsequent enthusiastic participation of the students, and the encouragement they received from the Ministry of Education and school authorities, enabled the programme’s objectives to be achieved.

So far, 240 trees have been planted at the Lagos State Civil Service Model College Igbogbo in Ikorodu, and Evboesi Mixed Secondary School, Benin City. More than 1,000 environmental sustainability champions have also been appointed in these locations. These champions are young people who look after the trees and ensure that they are adequately cared for to help the bank achieve its afforestation goals. “The planting of trees is just part of our efforts to contribute to Nigeria’s green economy and to combat deforestation/desertification, while recognising the key role of children and young people in the sustainability agenda,” the Bank in a statement disclosed.

Through its partnership with Junior Achievement Nigeria (JAN), FirstBank sponsored the National Company of the Year (NCOY) Competition. The competition is an extension of the COY programme that brings secondary students together to form a company, choose a business name and elect officers to oversee operations of the company for the programme duration. It teaches students to put theory into practice in order to fully understand what financial literacy and entrepreneurship is. At the end of the programme, the students that complete the programme successfully, compete in the regional competition and represent their school in the National Company of the Year competition in Lagos. In 2020, the New Phase from Brookstone Secondary School, Port-Harcourt, Rivers state emerged winner, producing an eco-friendly block. The eco-friendly construction blocks were made from plastic waste. These sustainable blocks are the next wave of sustainable construction.

Beyond the initiatives above, responsible lending remains one of the strategic pillars in delivering the sustainability goals of the FirstBank Group. FirstBank has put in place an Environmental, Social and Governance Management System (ESGMS) to help the Bank integrate environmental social and governance considerations into its decision-making processes. This includes an ESG policy and procedures for screening transactions. The ESG policy is based on existing policy documents and international best practice, while procedures to screen transactions are aimed at conducting ESG due diligence on potential transactions. These are based on Central Bank of Nigeria’s Sustainable Banking Principles, IFC Performance Standards, and international best practice and are tailored to FirstBank’s procedures, risk management framework, risk appetite and tolerance, and adapted to its strategic objectives

The key objective of this policy is to ensure that all the transactions that FirstBank is considering funding, include adequate provision for actions necessary to prevent, control and mitigate negative impacts on the environment and communities, and improve environmental quality.

With this, FirstBank has shown its commitment to integrating social and environmental principles in all its operations; promoting good corporate governance and ensuring social and environmental considerations are included in the business decision making; reviewing and managing potential social and environmental risks in its lending and investment processes and activities and reviewing all borrowers against the criteria like exclusion list; the International Finance Corporate Performance Standards, and other applicable international standards as well as the Nigeria Sustainable Banking Principles (NSBP) requirements.

Others initiatives are, providing constant education and training for all staff on issues of environmental and social responsibility relevant to the business; regularly communicating to all stakeholders on progress of commitments including achievements, challenges and future direction; continuous improvement on the way in which it identifies, assesses and manages Environmental, Social, and Governance (ESG) risks within its businesses.

 

The successful and productive implementation of the ESGMS has propelled the bank to integrate the associated checklist (which is usually completed by a relationship manager and verified by an analyst against the EIA report), into the bank’s credit application platform designed for reviewing credits. The goal is to ensure efficiency through automation as relevant implementation documents such as the environmental, social and governance risks screening checklist will be fully automated.

These initiatives over the years and activities have shown that environmental sustainability remains a key corporate responsibility & sustainability focus for FirstBank.

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2027: NDC Accuses INEC of Replacing Candidates with ‘Strange Names’

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Ahead of the 2027 general elections, the Nigeria Democratic Congress (NDC) has accused the Independent National Electoral Commission (INEC) of removing some of its nominated candidates from the commission’s list and replacing them with names allegedly unknown to the party.

The National Chairman of the party, Senator Moses Cleopas Zuwoghe, made the allegation in a statement on Sunday, following INEC’s publication of candidates for the 2027 State Houses of Assembly elections.

Cleopas said the names published by INEC, particularly in Anambra State, suggested an attempt to undermine the party ahead of the elections and create disaffection among its supporters.

The NDC chairman specifically alleged that nine persons whose names were not authorised or submitted by the party had been listed as its candidates in various constituencies in Anambra State, the home state of the party’s presidential candidate, Peter Obi.

He called on the INEC Chairman to immediately investigate the development and determine how the names got onto the commission’s list.

Cleopas also urged INEC to extend the investigation to other states, including Benue and Imo, where he said the party had observed a similar pattern.

According to him, the development had embarrassed the party, its leadership and its genuine candidates, while creating disaffection among its supporters in Nigeria and the Diaspora.

“We, as a party, are also carrying out our own independent investigation, the preliminary findings of which are already pointing to the complicity of INEC officials in foisting names purporting to be our candidates, but who are not from us,” he alleged.

He said the party’s investigation indicated that the uploading process was being used to intimidate and embarrass the NDC.

The party listed the following persons as names allegedly published by INEC as its candidates in Anambra:

Onitsha South 1 — Umennaajiego Jude Ezenwa
Onitsha South 2 — Akpotue Obinna Chibuike
Orumba North — Nwankwo Chiemerie
Anaocha 1 — Maduagwu Eric K
Idemili North — Ngoebisi Obinna
Njikoka 1 — Isintume Charles
Nnewi South — Nwachukwu Nonso
Nnewi South 2 — Okeke Ifeanyi Akunne
Ayamelum — Nnonyelu Samson E
Dunukofia — Azotani Chuks Francis

Cleopas, however, said the party is particularly concerned about the process through which the names were uploaded and published.

He said after the conclusion of the party’s primaries and appeal process, stakeholders from Anambra, the party leadership, representatives of Obi and the appeals panel agreed on a final list of candidates.

According to him, the list was signed off by the relevant stakeholders before being uploaded to the INEC portal using the code provided to the party by the electoral commission.

He alleged that INEC officials subsequently kept nine of the names on “Pending” status, claiming that the names were already in the commission’s system based on submissions by officials who monitored the party’s primaries.

Cleopas said the NDC formally challenged the names and submitted the identities of candidates it said were legitimately nominated by the party, but INEC allegedly declined to replace the disputed names.

He further alleged that INEC subsequently collected Form EC-9 directly from the persons whose names were in dispute and uploaded the forms without going through the party.

“To further confirm that there was a predetermined effort on the part of INEC to impose the said nine candidates on the party, and embarrass both NDC and Mr. Peter Obi, INEC went behind the NDC to collect the Form EC-9 directly from the candidates, bypassing the party, and uploading same,” he alleged.

Cleopas argued that where there was a discrepancy between names submitted by a political party and information received by INEC from its monitoring teams, the commission should have left the affected positions vacant pending clarification, rather than publish names the party said it did not nominate.

“At the very worst, INEC could have left us with no candidates for those positions, if they knew they were unwilling to engage us in addressing any perceived anomaly,” he said.

The NDC chairman accused INEC of creating a pattern in which opposition parties were allegedly prevented from uploading their preferred candidates while other names were introduced into their candidate lists.

He vowed that the party would pursue the matter through all available legal channels and seek to have what it described as its authentic candidates restored.

“We are moving to approach the court of competent jurisdiction to seek redress and restore our authentic candidates. The general public and our millions of supporters should note that these are not our candidates,” he said.

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Nepal Begins Burials As Flood Death Toll Rises to 752

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Nepal said Sunday it had begun burying some of the hundreds of bodies recovered after devastating floods, after taking DNA samples and marking them so families can later retrieve them.

The dead are traditionally cremated on funeral pyres in Hindu-majority Nepal, so the burials are viewed as long-term storage until families can retrieve them.

Foreign Secretary Amrit Bahadur Rai told reporters that all those buried were carefully recorded, but also appealed for international support, saying Nepal needed “more than a thousand” freezer units to store bodies.

The announcement of the burials came as Nepal’s disaster ministry increased its toll again on Sunday to 752 bodies recovered and 2,502 people missing.

That list includes 589 foreigners unaccounted for.

Chinese state media earlier confirmed 16 dead in Tibet and 546 people missing following Wednesday’s disaster, taking the overall toll to 768 dead and 3,048 unaccounted for.

“Following standard and accepted protocols, such as those of ICRC (Red Cross), the mortal remains of the dead, especially those not recognisable… have been temporarily buried,” Rai told reporters.

“Medical teams took DNA samples from every victim prior to the burial so that families can match-reference later, and would be allowed to exhume for necessary rituals.”

Nepal has called for freezer storage units and DNA testing kits, as it is overwhelmed with the number of bodies to store safely.

“We have requested different countries for freezers; we will need more than a thousand,” Rai added.

“Many dead bodies have been collected, and they have started decomposing. To preserve public health, we had to bury the decomposing bodies,” he added.

AFP

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Food for Living: Be a Person of Influence

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By Henry Ukazu

Dear Destiny Friends,

Everyone loves influence. Everyone wants to be a person of influence. Everyone wants to be relevant. Everyone wants to be celebrated. Everyone likes attention, appreciation, approval, and admiration. All these are products of influence.

The question I need you to ask yourself is, are you a person of influence? Are you influencing anyone? Do you have a positive or negative influence on your children, spouse, friends, mentors/mentee, or even strangers? Take a minute to listen to yourself.

When we talk about influence, uninformed minds just think influence is only about money, power, authority, or even being a mentor. Influence is far from it. We are all influencers in one way or another. Many people have influenced us in different ways, some positive, some negative. Similarly, we have also influenced many people in good and bad ways.

But today, I’m here to share with you what influence is about and the positive ways one can be a person of influence. Influence comes in different ways: as a politician, you are influencing people; as a leader, you are influencing policy; as a youth advocate, mentor, teacher, pastor, and employee, you are influencing somebody in one way or the other.

Do you know you can influence someone with your lifestyle? Yes, the way you talk, write, lead, dress, eat, exercise, preach the word of God, do your job, serve people, train your children, etc., are all part of influence. Influence is powerful. It has a way of permeating someone without them knowing.  I believe that’s why my late mother would always say, if you are hanging out with a friend, only take the good part and leave the bad part.

We currently live in the 21st century, where the internet leads. The internet is regarded as the fifth estate for a reason, because it empowers networked individuals and alternative media to hold traditional institutions, governments, and mainstream media accountable. Everyone and almost everything is on the internet; however, sometimes, the information we get on the internet is regarded as fake because it’s unverified.

In some quarters, the internet has been regarded as a bad influence on the younger generation because of the limited restrictions and the negative information it has exposed their minds to think in a particular way. Some other schools of thought have opined that the internet has done more good than harm due to the knowledge it has exposed their minds to, as opposed to the information being peddled by some other schools of thought. Regardless of the aisle one belongs to, the internet truly has its pros and cons, especially as it relates to influence.

The big question one needs to answer is what influence is. According to Nosakhare Tune Oni – A Pan-African Strategist, leadership and business coach, “influence is when people trust your judgment enough to act on it. It is when someone calls you before making an important decision. When your recommendation opens a door. When your name carries weight in a room, you’re not even in. When people are willing to put their reputation behind yours. That’s influence.

Let’s take a minute to dwell on those lines again. Has anyone played any of such roles in your life? If yes, that’s the best definition of influence in a nutshell.  Influence is not about quantity, but quality.   The quality of people in your life is more valuable than the quantity of people one’s life. Do you know we don’t really need battalions of friends, whether online or in person, but just one person of influence can be a game-changer. According to Les Brown, a leadership coach, we need only quality people.

Do you know we are everywhere and nowhere at the same time? Do you also know that we can be everywhere and still have very little influence? Influence is about knowing your value and the right people who appreciate the value you bring. Do you know one can be a person of value to the wrong person or audience?

Influence is about having followers who believe and follow your teaching. We can have visibility with little or no influence. One may have 100,000 followers. We may trend on Facebook, Instagram, X, TikTok, LinkedIn, or even WhatsApp. Your name is a household name.  That is visibility.

Let me give you a practical example. If you have a large crowd of people following you online or in person. The critical question one must ask oneself is: why are they following me? Are they following me because of my ideology, my talent/gift, academic process, position, profession, vocation, skill, or jokes? If they follow you because of the ideology you represent, you are a person of influence. If they are following you because of your jokes, you may be a content creator or comedian with little or no value in influencing them to do or not do certain things. Real influence provokes action.

According to Nosakhare Tune Oni, influence is built differently from attention. Attention can be bought. Influence must be earned. You can manufacture visibility with advertising, controversy, or constant posting. But you cannot manufacture trust that easily. It comes from consistently being useful. Keeping your word. Knowing what you’re talking about. Showing up when it matters. Building relationships before you need them.
And creating value for people without constantly asking, “What’s in it for me?”

Do you know a person with 1,000 followers and deep trust within a particular industry may have more real influence than someone with 100,000 followers who nobody listens to.  So, I don’t think the goal should simply be: “How many people know me?” A better question is: “How much does my presence actually change things?” Because visibility gets you noticed. Value gets you remembered. Trust gets you listened to, but influence is what happens when people trust your value enough to move.

As I prepare to conclude, please take a minute to ask yourself: are you a person of influence? Do you have influence? What positive influence have you had on people or anyone? Today, I want you to be a man/lady of influence like Martin Luther King Jnr, Mother Theresea, Evangelist Ebuka Obi, President Nelson Mandela, Elon Musk, Bill Gates, Mark Zuckerberg, Dr. Kola Adesina, Dr. Joe Abah, Dr. Dele Momodu, Barr. Henry Ukazu and Miss Ginika Dike.

Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer, and author of Design Your Destiny- Actualizing Your Birthright to SuccessUnleash Your Destiny, and The Six Pillars of Success. He can be reached via info@gloemi.com

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