As efforts intensify globally to tackle the climate crisis, Nigeria’s leading digitally-driven financial institution, Wema Bank, has reiterated its commitment to reducing carbon emissions and helping to mitigate the dangerous effects of climate change through innovative and environmentally sustainable practices.
These innovations have continued to drive staff
productivity, operational efficiency, and increased customer satisfaction, and
the bank has further affirmed that it would continue on this sustainability
path. Recall that the need to urgently address climate change was again
highlighted at the recently concluded COP 26 in Glasgow, Scotland.
One of such environmentally friendly innovations adopted by
Wema Bank is powering 23 of its branches nationwide with solar energy, which
has helped reduce carbon emission by over 800 metric tonnes.
Another of its initiatives, PurpleWorks, electronic
correspondence and document management system has reduced paper usage by 80%
and improved operational efficiency, while 46 branches enlisted under its
recycling initiative have generated over 7000kg of recyclables to boost a
cleaner environment.
“There is a need to reduce emissions that contribute to the dangerous
effects of climate change in the future. We are already suffering the
consequences of global warming, and as a socially responsible organization,
Wema Bank commits to environmental sustainability through several initiatives,”
Head, Corporate Sustainability & Responsibility, Wema Bank, Mrs Abimbola
Agbejule said.
“We use LED bulbs which require 40% less energy usage. We
also have an effluent water management system at the Head Office which aids
wastewater recycling. Our generator shutdown policy reduces daily diesel
consumption and carbon emission, while also improving work-life balance,” she
disclosed.
Agbejule added that Wema Bank’s other environmental
sustainability practices include a dual toilet flushing system in all its
facilities to conserve water for other uses, while virtual meetings,
videoconferencing and carpooling aid reduction of carbon emissions. The Bank
also engages in community and coastal clean-ups, as well as advocacy to prevent
environmental pollution.
“We all owe it a duty to protect the environment because we
are by so doing protecting ourselves and our future. The world is experiencing
intense drought, storms, flooding and heatwaves, among other outcomes that are
destroying livelihoods and communities. We all need to act to save our world,
hence our commitment to environmental sustainability at Wema Bank,” she said.
Wema Bank has, over the years, demonstrated a remarkable commitment to environmental sustainability with several initiatives.
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