Sterling Bank’s Sustainable Banking Policy ensures that the Bank shall manage Environmental, Social, and Governance aspects related to our banking activities and operations, thus allowing us to balance ethical and economic issues. The Bank shall integrate sustainability within all levels of our business activities and operations. Our operations depend on natural resources, and the protection of these resources will guarantee welfare and support humanity’s existence. Therefore, the Bank shall avoid, mitigate, correct, manage, and compensate for our environmental and social impact.

Our core values of Customer Focus, Integrity, Teamwork, and Excellence (CITE) shall enhance our stance on sustainability, in line with the Nigerian Sustainable Banking Principles (NSBPs).

We understand the importance of our workforce toward achieving sustainable goals. We shall continue to promote equality and an inclusive workforce because we believe in diversity and encourage innovation. Each of our employees contributes to Sterling Bank’s transformation and promotes our corporate culture.

We respect and guarantee workers’ rights and freedom of association and firmly condemn forced and child labour. The Bank does not accept discrimination based on gender, race, nationality, ethnic origin, religion, disability, age, or sexual orientation. Furthermore, Sterling Bank requires its clients to comply with international standards on the employment of minors. Sound management of workers’ and communities’ safety and health are essential for the business’s productivity and efficiency as is the respect for their livelihood.

The Bank’s practices can lead to sustainability risk. Whatever the Bank’s role may be, as a lender, investor, asset manager, service provider, purchaser, operator, or employer. Sustainability risk is a transversal risk of increasing importance. Failure to anticipate and manage this risk can have multiple consequences, including financial, legal, and reputational. The Bank’s sustainability risk management is aligned with the Bank’s moderate risk profile and risk appetite and supports the Bank’s mission to bring sustainable solutions to its clients. The professionalism and commitment of our employees as well as the support of the communities, authorities, suppliers, shareholders, and clients inspire us and ensure sustainable development.

We do not only believe in a sustainable future; we are building it.