Connect with us

Finance

Access Bank Plc spends N9.34 billion on CSR – Report reveals

Published

on

Access Bank

In a bid to live up to its role as a responsible corporate citizen, Access Bank Plc has disclosed that it spent the sum of N9.34billion on Corporate Social Responsibility (CSR).

Techeconomy.ng obtained this from a report tagged “Access Bank Plc – 2019 Sustainability Report,” made available on the Nigerian Stock Exchange platform on Friday, December 18.

According to the report, a large focus of the bank’s CSR efforts has been on health and education, which is evident from its numerous initiatives, such as the Adopt-A-School Programme, project L.E.A.D amongst others.

The financial institution, in the report also stated that it carried out over 2,500 HIV tests during the 2019 Access Bank Lagos City Marathon.

The bank added that it also provided improved access to healthcare for over 90,000 beneficiaries through its partnership with Aspire Coronation Trust Foundation.

The report emphasized that the bank had made further investments in alternative energy, bringing the total number of its solar-powered ATMs to 605.

The financial institution as well claimed that it reduced its carbon footprint through the implementation of more environmentally-focused initiatives, including the expansion of its waste recycling initiative, through which it achieved a 5.5% increase in the amount of waste recycled.

It, however, launched a Paper to Pencil recycling initiative to convert Access and Diamond Bank’s branded paper waste to pencils for schools to improve its waste management system.

Suffice to state that the bank explained further that the use of alternative energy sources across most of its branches led to a 33.6% reduction in electricity consumption for 2019.

ALSO READ  Huawei teams up with Xpress money to expand mobile money in Africa

 

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Facebook