Access Bank PLC has earned praise from S&P Global Ratings for its Sustainable Finance Framework, also known as the Sustainability Bond Framework. S&P affirmed that the bank’s framework aligns with global standards, including the Green Bond Principles (GBP), ICMA 2021; Green Loan Principles (GLP), LMA/LSTA/APLMA 2021; Social Bond Principles (SBP), ICMA 2021; Social Loan Principles (SLP), LMA/LSTA/APLMA 2021, and Sustainability Bond Guidelines, ICMA 2021.
While the ratings agency clarified that its alignment opinion does not assess individual transactions, Salaheddine Soumir, the primary contact at S&P Global Ratings, commended Access Bank’s commitment to allocating proceeds to projects supporting environmental and social objectives, contributing to a low-carbon economy and climate-resilient growth.
Gregory Jobome, Executive Director of Risk Management and Chairman of the Green Bond Committee at Access Bank PLC, expressed delight at the endorsement, emphasizing the bank’s intrinsic commitment to sustainability. Jobome stated, “At Access Bank, sustainability is engrained in our DNA,” highlighting the institution’s dedication to financing projects aligned with environmental and social objectives.
The Sustainability Bond Framework outlines stringent eligibility criteria for green and social projects financed by Access Bank, ensuring funds are directed towards initiatives promoting a sustainable future. The bank has also committed to disclosing impact metrics of financed projects and obtaining external verification for both allocation and impact reports.
Access Bank, operating across three continents with more than 700 branches, has over 60 million customers and a steadfast commitment to sustainability. With a focus on Environmental, Social, and Governance (ESG) criteria, the bank integrates sustainability into its lending and investment decisions, solidifying its reputation as a forward-thinking financial institution.
About Access Bank PLC: Access Bank, a wholly owned subsidiary of Access Holdings Plc, operates through a network of over 700 branches across three continents, serving over 60 million customers in 20 countries. The bank, listed on the Nigerian Stock Exchange since 1998, is part of Access Holdings Plc, a diversified financial institution. Access Bank’s growth trajectory, marked by a strong retail customer franchise and digital platform, positions it as one of Africa’s largest retail banks. As part of its growth strategy, the bank is committed to mainstreaming sustainable business practices, aiming for profitable, environmentally responsible, and socially relevant economic growth.