Economy

Unity Bank deepens advocacy initiatives for stronger climate action

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Unity Bank says it is in partnership with Avant-Garde Innovation and Technology Services (AGITS) to deepen advocacy initiatives for stronger climate action that will entrench values and ethos for achieving Sustainable Development Goals in the country.

A statement by the bank on Wednesday quoted Mrs Tomi Somefun, Managing Director, Unity Bank Plc, as stating this in Lagos at a roundtable discourse with the theme: “The Future of Sustainable Development in Nigeria: Achieving Economic Growth with Low Carbon Trajectory in a Circular Economy.”

Somefun said that the discourse provided the platform for stakeholders to evaluate developmental activities impacting on climate change and opportunities in a green economy as a means of improving environmental sustainability.

She said that a green economy would address global warming, rising sea levels, pollution, desertification and deforestation, and determine effective response to promote community action, protect the environment and advance sustainable development.

Somefun, represented by Usman Abdulqadir, Executive Director, Risk Management and Compliance, stressed the need for increased stakeholder engagement on sustainable development to deepen commitments towards promoting climate change initiatives.

“It is the hope that while sharing experiences on actions to protect the earth for future generations, the platform is capable of harnessing ideas to forge common action points and convergence for policy makers, entrepreneurs, sustainable development experts and other organisations playing pivotal roles to solve problems threatening the sustainability of the planet earth.

“Having promoted sustainable practices in agriculture over the years, and its commitment to sustainability, Unity Bank appreciates the need to create more awareness, engagement and collaboration in the execution of sustainability initiatives, thus the roundtable is not only relevant but timely,” she said.

Somefun recalled that in 2018, Unity Bank won the Central Bank of Nigeria (CBN) award on ‘Sustainable Transaction of the Year in Agriculture’ in recognition of the bank’s initiatives to promote sustainability initiatives and impact in the agricultural space.

Edited by Oluwole Sogunle (NAN)

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