Our Sustainability Statement

We are an ethical organization committed to conducting business in an innovative and sustainable manner, delivering value to all stakeholders.

Sustainability ranks high among the priorities of our activities and taking environmental and social aspects into account is part of good business and leads to sustainable development. We believe that economic growth and healthy environments go hand in hand.

We are committed to demonstrating adequate support to a framework that aligns with relevant international standards including:

  • Nigerian Sustainable Banking Principles (NSBP)
  • Applicable local laws and National legislation
  • ISO 26000 Guidance Standard on Social Responsibility
  • IFC Performance & World Bank EHS Standards

We believe in the importance of impacting our employees, environment and society through sustainable corporate responsibility practices and activities. As a forward-thinking organisation, we focus our attention on both increasing our bottom line and being a good corporate citizen. This is achieved through the shaping or reshaping our framework, business models and policies in line with global trends to deliver benefits to our stakeholders.

We have adopted a Corporate Responsibility & Sustainability (CR&S) approach which aligns with the overall vision and goals of the Merchant Banking and Asset Management group under the strategic framework the FBN Holdings Plc:

Knowledge & Skills Development

Sustainable Finance/Investment

Environmental Sustainability and Energy Investments

The Sustainability Framework reflects our corporate values, and is implemented in the following core areas as well as in our products and investments:

  • Corporate Governance: we have established  set of rules, policies and processes, which are laid out for directing, administering and controlling the group’s governance structure at all levels and operations.
  • Workplace: we believe that the working environment must be equitable, efficient and healthy. In line with this, we have developed several initiatives designed to meet the requirements of organisational governance, human rights, labour practices, environment, fair operating practices, consumer issues and community involvement and development.
  • Marketplace: this focuses on partners and customers whereby awareness of CR&S is raised and involvement in key initiatives is encouraged.
  • Environment: the protection of the environment is an essential concern for all stakeholders; therefore, our focus is environmental sustainability.
  • Community: through this area value is added and contribution made to the well-being of the society.

Making it count

To us, sustainability means adhering to our values and business principles, and bringing sustainable solutions to the current and future human, natural and financial needs of our stakeholders and the organization itself, that are in line with the bank’s moderate risk profile. By managing Environmental, Social and Governance (ESG) risks, mitigating their impacts and grasping the opportunities deriving from sustainable solutions, the Sustainability Policy has incorporated risk management into the bank’s business objectives.

Sustainability goes beyond philanthropy or charitable giving, and extends to our business decisions, processes and operations, governance structure, codes and practices, employee welfare and well-being, and our health and safety policies and procedures.

Our activities delivered focused on:

  • Development and support of relevant initiatives at various stakeholder levels through partnerships and existing platforms within the key identified areas. These stakeholders include investors, employees, government of different tiers and regulators, strategic partners, media practitioners and owners, Board and Management and most importantly the communities in which we operate.
  • Active employee engagement in fundraising/charitable giving, as well as employee volunteering in line with business objectives
  • Leveraging activities of the Holding Company and ensuring cohesion in implementation to drive efficiencies and deliver maximum value.

Financial Literacy

Staff of FBNQuest Merchant Bank have trained over 7,00 students over the years on the importance of earning, saving and growing money. This is done in alignment with the global and local drive for financial literacy which is regulated by the Central Bank of Nigeria (CBN) in line with the annual Global Money Week and World Savings Day activities. Our impact spans secondary school students in different geopolitical zones which include; Lagos, Abuja, Port Harcourt, and Kwara states.

Women Economic Empowerment

FBNQuest Merchant Bank and FBNQuest Capital trained over 300 women on female economic empowerment and capacity building initiatives which include; WIMBIZ Annual Lecture Series, WIMBIZ Annual Conference, Woman Rising, International Women’s Society, CFA Investment Conference Annual Charter and Award Dinner, Women in Successful Careers (WISCAR) Annual Conference among others.

Our internal initiative for women tagged the FBNQuest Women Interactive Network (FBNQuest WIN) provides female employees access to the information they need to thrive. We understand that diversity and inclusion at all levels is critical to the success of our company. A diverse workforce allows us to continue to develop innovative products and offer unique services, it helps us attract and retain the best talent and ultimately contribute effectively to the success of our clients.

We have also partnered with various organisations such as Leading Ladies Africa and the International Women’s Society to provide financial literacy sessions for women. The objective of these sessions is to empower women with the information they require to make sound financial decisions.

Capacity Building

We commenced the RaceToSeptember employee volunteering and capacity building sessions in two public schools within our host community which include” Government Secondary Girls School (GSGS) and Falomo High School, Ikoyi. Since inception of the sessions, we have impacted over 800 students in both schools, teaching them on career success skills which will position them and increase their chances of being employable after they graduate. This also provided a platform for staff to participate in CR&S, promote a responsible public image for our people and the organisation, and also promote team bonding and employee volunteering.

Supporting Education

As part of our commitment to supporting reputable educational establishments with strong business and finance faculties, FBNQuest Merchant Bank partnered with Lagos Business School (LBS) to set up a Bloomberg Room at their main campus.. The partnership has spanned over five years. The Bloomberg terminal is one of the financial sectors most widely used sources for real-time financial data in the world of finance and will help students in relevant sectors gain access and exposure to the tool. We delivered two Bloomberg Terminals to the LBS in 2017 and increased the number to 12 in 2018.

In addition, we formed a partnership with Teach For Nigeria (TFN), a Non-Profit organisation designed to address poor educational outcomes of Nigeria’s most marginalised pupils, by enlisting our nation’s most promising future leaders in the effort to expand education and life opportunities for all children. The initiative provides an opportunity for FBNQuest Merchant Bank to support a key area of economic need i.e. education, and is also in alignment with our Corporate Responsibility and Sustainability (CR&S) focus area of Knowledge and Skills development/people empowerment at the group level. We have also incorporated our Employee Volunteering activities into our partnership with TFN as employees have volunteered to mentor TFN fellows. The mentorship programme is aimed at empowering Fellows as they transition to the next phase of their careers.

We have also impacted over 800 students in government schools in our immediate environment, teaching them  career success skills positioned to increase their chances of being employable after graduation. This has also provided a platform for staff to participate in CR&S initiatives, promote team bonding, and volunteering.

Promoting Health and Wellbeing

The NSE Corporate Challenge is an annual 5-kilometre walk, run and jog competition designed to raise awareness and funds for the purchase of Mobile Cancer Centers (MCCs) across Nigeria. The Challenge is a CSR initiative of the NSE, aimed at promoting health & well-being in our operating community. It also offers a platform for promoting teamwork and networking. Twenty employees have participated in the run.

We have also incorporated our employee volunteering efforts into promoting health and wellbeing through an internal activity organised with LifeBank; a platform that makes blood available when and where it is needed in Nigeria to help save lives. Our employees voluntarily donated blood to support the LifeBank vision and help save lives.

To download the Environmental and Social Risk Policy, click here