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Nigeria: FITC Launches New Framework to Boost Sustainability and ESG Practices

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FITC Launches New Framework to Boost Sustainability and ESG Practices
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The Financial Institutions Training Centre (FITC) is poised to unveil its new Sustainability and ESG Institute during a landmark summit on July 31, 2024. This event will gather industry leaders, policymakers, and key stakeholders to address crucial sustainability issues in Africa’s financial sector, according to a FITC statement.

The newly established FITC Sustainability and ESG Institute is designed to spearhead transformative changes within the financial services sector. The initiative aligns with FITC’s extensive 43-year history of enhancing Africa’s financial sector through innovative training, advisory services, and in-depth research.

“Building on the Nigerian Bankers Committee’s introduction of the Nigerian Sustainability Banking Principles (NSBP) in 2012, our institute is committed to advancing Nigeria’s financial sector in line with global sustainability standards,” said Chizor Malize, Managing Director of FITC. The institute supports the Central Bank of Nigeria’s (CBN) sustainability objectives and addresses critical challenges identified by the regulator.

The FITC Sustainability and ESG Institute reflects both international ESG trends and local relevance, underscoring FITC’s commitment to creating a culture of sustainability in Africa. It will provide state-of-the-art knowledge solutions through workshops, training sessions, and conferences, and offer strategic advisory services to enhance ESG integration within the sector.

Malize emphasized that the initiative aims to contribute to sustainable development and responsible business practices, highlighting ESG’s role in fostering transparency, accountability, and addressing global challenges.

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