The Central Bank of Nigeria (CBN) released the Nigerian Sustainable Banking Principles, an agreement signed by 34 banks, including the original eight of the nation’s leading banks, that covered nine key areas: environmental and social risk management, environmental and social footprint, human rights, women’s economic empowerment, financial inclusion, environmental and social governance, capacity building, collaborative partnerships and reporting.
But, the question is, “How much of that growth [minimum GDP of $900 billion] will be fueled by mechanisms that adhere to the Nigerian Sustainable Banking Principles?”Anne Stubert, a senior consultant at Corporate Citizenship said that sustainable solutions need “teeth to stick.”
via The New Nigeria: Sustainable Banking, Responsible Investment and Social Innovation | Socialearth.org