Union Bank Releases Citizenship, Sustainability, and Innovation (CSI) Report

Union Bank, one of Nigeria’s foremost financial institutions, has announced the release of its Citizenship, Sustainability, and Innovation (CSI) report. The report highlights the Bank’s initiatives across three pivotal areas: Citizenship, Sustainability, and Innovation.

The report provides a detailed account of Union Bank’s efforts to create a sustainable future by embedding responsible business practices, positively impacting people and communities, and driving innovation. These initiatives align with the Nigerian Sustainable Banking Principles (NSBPs) and the Sustainable Development Goals (SDGs).

The CSI Report adheres to the Global Reporting Initiative (GRI) Standards, reflecting the Bank’s commitment to transparent and accountable reporting.

CEO’s Remarks

Speaking on the release of the CSI report, Emeka Okonkwo, Chief Executive Officer of Union Bank, stated:

“Our CSI report lends further credence to our commitment to a more sustainable world. Notwithstanding the turbulent events brought on by the COVID-19 pandemic, we remained firm in our resolve to positively impact the communities within which we operate.

As the world battled unprecedented challenges brought on by the pandemic, we pivoted our citizenship initiatives to address urgent needs and embarked on a journey to meaningfully impact our employees and the communities we serve.”

Environmental Responsibility

Union Bank increased the number of branches and Automated Teller Machines (ATMs) on the solar grid to 111 and 407, respectively. This initiative reduced the Bank’s environmental footprint, reinforcing its commitment to environmental responsibility.

COVID-19 Support

The Bank adopted a multi-pronged approach to combat COVID-19, contributing ₦350 million to:

• The Coalition Against COVID-19 (CACOVID)
• The Lagos State COVID-19 Emergency Food Response programme
• 54Gene, an African genomics research, services, and development company

Community Impact

Union Bank and its employees provided potable water to over 15,000 Nigerians through the Employee Volunteer Day initiative, The Gift of Water.

In the education sector, the Bank, under its Edu360 platform, supported stakeholders by organizing knowledge-sharing sessions and executing key projects and partnerships.

Commitment to Sustainability

The release of the fifth CSI report underscores Union Bank’s position as a sustainability champion and a socially responsible corporate organization.

About Union Bank

Union Bank of Nigeria Plc is a household name and one of Nigeria’s most respected financial institutions. The Bank boasts an extensive network of over 300 branches across the country and offers a wide range of banking services, including:

• Current, savings, and deposit account services
• Funds transfer and foreign currency domiciliation
• Loans, overdrafts, equipment leasing, and trade finance

Union Bank also provides convenient electronic banking channels and products, such as:

• Online Banking
• Mobile Banking
• Debit Cards
• ATMs and POS Systems

A new Board of Directors and Executive Management team has been appointed to drive the Bank’s transformation program, aimed at re-establishing Union Bank as a highly respected provider of quality financial services.