As part of its operating principles, Union Bank is committed to being a responsible corporate citizen by positively impacting the individuals, communities and the environment in which it operates. We believe in creating value for all our stakeholders and in maintaining business practices that are ethical and sustainable.
Union Bank is focused on making investments that empower, build and support the development of Nigeria’s large youth population, agriculture and the Nigerian entrepreneurial spirit.
We collaborate and partner with NGOs, development agencies and other socially responsible organizations to promote positive social change in the lives of individuals and communities.
Our community Investment is focused on:
- Talent Development: Union Bank has chosen to support talent development as a means of developing individual and community creativity, and advancing community capacity building, thereby promoting economic empowerment and growth. Support in this area includes sports, the creative arts, local artisans, and entertainment.
- Agriculture – The Greener Pastures Initiative: Union Bank’s focus in this area will leverage and consolidate the Bank’s reputation as a leader in the field of agriculture.
- Financial Empowerment and Mentoring: By supporting great ideas and innovations through customised, partner-run programmes, Union Bank’s focus in this area serves to encourage and reward the Nigerian entrepreneurial spirit. Through mentoring, the Bank is dedicated to equipping and empowering young people, providing them with the support they need to become responsible individuals and effective citizens.
Implementing the Nigerian Sustainable Banking Principles
The Nigerian Sustainable Banking Principles (NSBP) are a set of nine principles developed by the country’s Bankers’ Committee to advance its commitment to “deliver positive development impacts to society while protecting the communities and environment in which financial institutions and their clients operate”. As a member of the NSBP Steering Committee, Union Bank supports the values espoused in the NSBP and is committed to their implementation within its entire business operations.
The Principles cover issues which include Environmental and Social Footprint, Human Rights, Women’s Economic Empowerment, Enterprise and Social Risk Management and Financial Inclusion.
Employee Engagement Programme
In addition to supporting Union Bank driven initiatives, we encourage all employees to discover avenues and also put forward ideas through which they can positively contribute to the communities around them.