Union Bank Unveils CSI Report For Responsible Business Practices

Union Bank of Nigeria has unveiled its 2022 Citizenship, Sustainability, and Innovation (CSI) report, highlighting its dedication to responsible business practices and societal betterment.

Union Bank of Nigeria has revealed its 2022 Citizenship, Sustainability, and Innovation (CSI) report under the theme ‘Driving Inclusive Growth; Impacting Lives, Enabling Success.’

This report chronicles Union Bank’s unwavering commitment to a sustainable future and its profound impact on individuals and communities.

Union Bank’s CEO, Mudas2sir Amray, speaking on the report, emphasized the institution’s dedication to fostering inclusive growth, saying, “We firmly believe that small businesses are the engine house of economic growth. This is why we entered a $30 million partnership agreement with the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets.”

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Mr. Amray continued, “This partnership aims to enhance access to finance for smaller businesses in Nigeria, supporting increased trade and enabling us to expand lending to businesses in critical sectors, including food, healthcare, manufacturing, and services.”

The bank’s commitment to gender equality in lending was also highlighted, with Mr. Amray noting, “Our unwavering commitment to gender equality in lending was evident as we disbursed over 17 billion naira in loans to nearly 16,000 women in 2022.”

Union Bank’s Chief Brand and Marketing Officer, Olufunmilola Aluko, underscored the bank’s collaborative approach to sustainability and corporate responsibility.

She commented, “Throughout the year, Union Bank has actively collaborated with partners to enhance our performance, particularly on our material issues. We aim to sustain this momentum by building on partnerships with peers and across industries to support our customers, communities, and society.”

Union Bank’s 2022 CSI report aligns with the United Nations’ Sustainable Development Goals and the Global Reporting Initiative (GRI) standard, highlighting the bank’s dedication to transparency and accountability in reporting on its projects.

The report showcases Union Bank’s commitment to Quality Education, Gender Equality, Affordable and Clean Energy, Climate Action, and Partnership to Achieve Goals, serving as a testament to its mission of driving inclusive growth and making a positive impact on lives.