Access Bank Plc, a leader in sustainable finance in Nigeria, participated in the launch of the Nigerian Exchange Limited (NGX) Impact Board. This platform is dedicated to listing sustainability instruments, integrating sustainability into the heart of Nigeria’s capital market.
The event, attended by high-profile stakeholders including the Minister of Environment, Balarabe Lawal, and the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, highlighted the critical need for sustainable financing in Nigeria. Minister Lawal emphasized the urgency of addressing environmental challenges such as flooding, pollution, and deforestation, stating, “With issues like flooding, pollution, and deforestation, we urgently need funds to tackle them. This is why we are approaching the market.”
Gregory Jobome, Executive Director of Risk Management at Access Bank Plc, underscored the bank’s pioneering role in sustainable finance. He remarked, “As a leader in the issuance of corporate Green Bonds in Africa, Access Bank is committed to driving environmental sustainability and supporting projects that align with the Sustainable Development Goals (SDGs). The NGX Impact Board is a significant step towards fostering a greener and more responsible investment landscape.”
Dr. Emomotimi Agama, Director-General of the SEC, reaffirmed the commission’s support for sustainable finance, stating, “We are ready to bolster the sustainable finance market, aiming to deepen it with diverse instruments that contribute to Nigeria’s sustainable development.”
Dr. Umaru Kwairanga, Group Chairman of the Nigerian Exchange Group, expressed confidence in NGX’s capabilities, saying, “We possess the capacity, resources, and technology to raise the funds required by the Federal Ministry of Environment and the Nigerian economy to achieve the goals outlined in the Paris Agreement and the Sustainable Development Goals.”
Access Bank has consistently demonstrated leadership in climate finance across Africa, showcasing a strong commitment to sustainable environmental practices and financial solutions. In June 2018, the bank supported the Green Bond Market Development Programme organized by FSD Africa, the Climate Bonds Initiative (CBI), and FMDQ Group PLC. This initiative aimed to develop a non-sovereign green bond market in Nigeria, embedding sustainability principles into the Nigerian capital markets and supporting broader debt capital market reforms to facilitate the transition to a climate-resilient economy.
In April 2019, Access Bank issued its inaugural green bond, valued at NGN 15 billion (USD 41 million), becoming the first African corporate entity to receive CBI certification. The bond, listed on multiple exchanges including the FMDQ OTC Securities Exchange, Nigerian Stock Exchange, and Luxembourg Green Exchange, set the tone for the continent’s appetite for green capital. Building on this success, the bank issued USD 50 million Reg S Step-Up Green Notes in 2022 under its USD 1.5 billion Global Medium-Term Note Programme, further solidifying its commitment to sustainable financing.
SOURCE: THE SUN
