Our Sustainability Statement

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

We recognise that sustainability ranks high among the priorities our activities and that 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 a 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 and campaigns designed to meet the requirements of organizational 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 the focus is environmental sustainability.
  • Community: through this area value is added and contribution made to the well-being of the society.

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.

Making it count

Sustainability goes beyond philanthropy or charitable giving, and extends to our business decisions, processes and operations, our corporate governance structure, codes and practices, our employee welfare and wellbeing, 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 trained over 1800 students in 2017 and over 1300 in 2018 on the importance of earning, saving and growing money. This was done in alignment with the global and local drive for financial literacy which is regulated by the CBN under the Global Money Week with and the World Savings Day. Our impact spanned secondary school students in different geopolitical zones which include; Lagos, Abuja, Port Harcourt, and Kwara states respectively.

Women Economic Empowerment

FBNQuest Merchant Bank and FBNQuest Capital trained over 100 women on various 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, among others and internal women mentorship initiative tagged the Women Interactive Network(WIN). 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 it helps us make our customers more successful.

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 to set up a Bloomberg Room at their main campus for a five year period. 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.

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 participated in the run and gave extremely positive responses in regards to the run.

To download the Environmental and Social Risk Policy, click here