United Bank for Africa has said that it is committed to achieving net-zero climate impact by 2050/60.
Group Managing Director of UBA, Mr Kennedy Uzoka who disclosed this in the bank’s sustainability report for 2021 financial year said the board has received approval to new net-zero target.
He said this is still a work in progress as the bank can cut it’s current emission intensity by half in 2050.
He said while the bank work towards publishing a net-zero target that is compliant with the Science-Based Targets Initiatives
(SBTi) approach, we already produced a comprehensive sustainability bond framework and received a second party opinion(SPO) from DVN – a globally renowned international second party opinion provider.
Speaking further, he said, “Our ability to attract and retain the best talents from all backgrounds – to fully reflect the diverse world in which we live and work – is our priority.
“We have improved gender diversity, improving the number of women joining our board to over 31per cent, and maintaining the number of women in the bank at 44 per cent in 2021.
“We also maintained equal opportunities for promotion, retention, and pay for women and men.
The Chairman of the board, UBA, Mr Tony Elumelu said “Our partnership with some development finance institutions in 2021 is a demonstration of of my views on partnership for progress. As a responsible financial institution, we only advance financial support to activities and deals that help in solving the pressing challenges facing the world.”
