Ecobank Group Recognizes Sustainability Champions

Ecobank's commitment to sustainability extends beyond moral considerations, representing a strategic business approach that adds immense value.

Ecobank Group, the leading pan-African financial institution operating in 35 African countries, celebrated the joint winners of its annual Group Chairman’s Sustainability Award. The award ceremony took place following the Ecobank Transnational Incorporated (ETI) Annual General Meeting, honoring affiliates making significant contributions to environmental and social progress across the continent.

Exceptional Projects by Ecobank Ghana and Ecobank Zimbabwe:

Ecobank Ghana:

Invested US$24 million in partnership with Electrochem Ghana Ltd to rehabilitate existing and create new salt pans.

Aims for over 1 million tons of salt production annually, contributing to economic growth and employing 3,000 young people, with 40% being women.

Improves access to safe water and sanitation in Ghana.

Ecobank Zimbabwe:

Launched Ellevate 2.0 to support women-led and youth entrepreneurs.

Opened 400 accounts and provided US$500,000 in loans.

Connected over 2,000 SMEs, facilitating knowledge sharing and access to global trade networks.

Alain Nkontchou's Perspective:

Mr. Alain Nkontchou, Ecobank Group Chairman, highlighted Ecobank's significant strides in sustainable finance, including raising $350 million through Tier Two Sustainability Notes and pioneering the first-ever Sustainability Linked Loan for a sub-Saharan financial institution, led by Proparco last year. He emphasized the critical role of sustainability in Africa's development, aiming to promote economic growth, climate resilience, and social well-being.

Commitment to Sustainability:

Ecobank's commitment to sustainability extends beyond moral considerations, representing a strategic business approach that adds immense value. The Group Chairman’s Sustainability Award, established in 2018, underscores Ecobank’s dedication to advancing its sustainability agenda and recognizing innovative and impactful initiatives driving positive change.

Continuing the Journey:

Ecobank's sustainability journey continues to transform the banking landscape, creating lasting value for its business and customers. To learn more about Ecobank's sustainability actions and initiatives, readers are encouraged to explore the latest Sustainability Report and the 2023 Annual Report on www.Ecobank.com.

Through collaborative efforts and innovative solutions, Ecobank remains committed to driving sustainable development across Africa, leaving a positive and enduring impact on communities and the environment.