Fidelity Bank reaffirms commitment to sustainability, social impact
Fidelity Bank has reaffirmed its commitment to embark on an ambitious sustainability and social impact strategy that focuses on sustainable finance, sustainable operations and corporate social responsibility.
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In line with this ambition, the bank has set up a fully fledged Partnerships, Sustainability & Corporate Social Responsibility Department to drive this agenda.
The new department will work collaboratively with all other departments of the business to integrate sustainability principles across all the bank’s activities to ensure that it achieves the dual objective of providing maximum value to stakeholders without compromising its impact on the environment and the society.
In a release issued by the bank, it said, “The Sustainability vision of the bank is to create a sustainable future for all Ghanaians by supporting inclusive economic growth, reducing its environmental footprint, maintaining high standards of governance and ethics and engaging with stakeholders to build trust and foster long-term partnerships.
Key among the initiatives as part of this wide-reaching Sustainability and Social Impact plan is the bank’s flagship CSR intervention dubbed Orange Impact which is already underway.
The Orange Impact project seeks to support fifteen marginalised schools across the country with a suite of customised needs-based resource and facility upgrades over a three-year period.
It said that came to light at the bank’s recent virtual Annual General Meeting (AGM) which was held on Friday May 26, 2023.
The meeting gave shareholders the opportunity to consider and adopt the report of the directors for the fiscal year ended December 31, 2022.
Addressing shareholders during the virtual AGM, the immediate past Board Chairman of Fidelity Bank, Edward Effah, reiterated the bank’s renewed focus on environmental, social, and governance (ESG) as an integral imperative of its overarching business strategy.
“As a financial institution, we are acutely aware of our role in ensuring a sustainable future for our planet, communities and the economy.
We have begun integrating ESG concepts into all aspects of our operations after making significant strides in our sustainability journey over the last year.
“We have also ensured that our strategy aligns with the Sustainable Development Goals (SDGs).
Furthermore, we acknowledge that sustainability is an ongoing process, and we are dedicated to continuously enhancing our sustainability practices and positively impacting the environment around us,” he said.
