Equity Group unveiled its third annual sustainability report for the year 2023, themed “A sustainable world is a transformed Africa.” The theme points to the significant role that global substantiality practices can have on transformation of the African continent, a challenge that Equity Group has undertaken to lead.
- Equity Group’s 2023 Sustainability Report underscores its commitment to advancing sustainability through the enhancement of its strategy from a twin engine to a holistic tri-engine model focusing on Social, Economic, Nature and Environment all driving a sustainable business model. This go-to market approach will see the Group accelerate its actions in key sustainability areas such as Environmental, Social, Climate and Nature risk management, climate finance, socio-economic resilience support, sustainable integrated financial services, and stakeholder impact.
- The Group acknowledges the important role that natural capital plays in Africa’s economy and has taken a leading role by becoming an early adopter of the Task Force on Nature-related Financial Disclosures (TNFD), leading to the incorporation of nature risk in decision making, undertaking the first nature and biodiversity risk assessment on its mining and agricultural sectors.
- The Group’s focus on sustainability is demonstrated by its continuous initiatives in social interventions, economic resilience and empowerment efforts which has resulted in the creation of 1,266,182 cumulative jobs under our Young Africa Works Programme amongst other successes. The Group earned recognition by Euromoney as the Best Bank in Corporate Social Responsibility in Africa for 2 years running.
- The Group continues to lead the way in combating climate change through climate financing, emerging as the leading financial institution among 258 globally partnering with IFC to have the highest number of climate transactions at 47,000 addressing climate mitigation and adaptation initiatives.
