BoI emerges first signatory to UN banking principles

The Bank of Industry (BOI) has become a signatory to the United Nations (UN) Principles for Responsible Banking.

It is a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).  

The Managing Director/Chief Executive Officer, BOI, Mr Olukayode A. Pitan in a statement said: “We are honored to be the first Development Finance Institution in Nigeria to commit to the UNEF FI Principles for Responsible Banking alongside other leading DFIs in the international space.

“This global framework strengthens our approach to addressing the sustainable development challenges of our economy by critically analyzing our market to identify pressing needs of our communities, environment & customers.” 

Signatories to the Principles take on a leadership role, demonstrating how banking products, services and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet.

“As Nigeria’s foremost Development Finance Institution, BOI stands as a driving force for sustainable development through investment across the nation,” said Pitan.