At Stanbic IBTC, we understand that sustainable practices within a business can create value for customers, investors, and all other key stakeholders.
This will promote transparent and ethical business conduct at all levels and continue to add value for our stakeholders.
We believe that a sustainable business must meet customer needs while, at the same time, take care of the social needs of its host community. And because our main objective as a business is to create value for our stakeholders, Sustainability will always remain a fundamental part of our business strategy.
We proactively embed sustainability thinking and sustainable business practices at every level of our business.
We believe that our most important contribution to sustainable development is to operate an effective and profitable bank. By providing access to credit, savings and other financial products, we enable individuals to improve their quality of life and enhance their financial security. By providing finance to large and small businesses we facilitate economic growth and job creation, and by financing infrastructure and the development of key sectors, we assist in resolving global challenges such as energy and food scarcity, resource depletion and climate change.
The very nature of our business positions us to help our customers and stakeholders manage social and environmental challenges and invest for the future, which in turn contributes to the viability and sustainable growth of local markets and national economies.
The success of our customers, clients and stakeholders guarantees future business, which underpins our sustainability.
What does Social Impact mean to our stakeholders? How do we deliver sustainable social value that will resonate with the yearnings of our key stakeholders? How can we make contribution that will satisfy the needs of today and those of generations to come? These are questions that we ask ourselves constantly as we strive to create a sustainable business.
Our strategies are constantly evolving and improving to ensure that the answers to these questions remain fresh and relevant.
Our journey to creating a sustainable business is deliberately never ending because we are more interested in the lessons that we pick along the way than the actual destination.
Risks are managed according to set risk governance standards, which are implemented across the group and are supported by appropriate risk policies and procedures.
The bank and other subsidiaries within the group have each adopted the Enterprise Risk Management (ERM) framework with an independent control process that provides an objective view of risk taking activities across all business and risk types at both an individual and aggregated portfolio level.
The group seeks to achieve the right balance between risk and reward in its businesses, and limits adverse variations in earnings by appropriately managing its capital within specified risk appetite levels.
Amidst randomly unfolding new regulatory guidelines and frameworks, the group was able to distinguish itself in the industry by the quality and robustness of its risk management practices and tools. Some specific achievements include: