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Abridged sustainability report

The objective of this report is to highlight Stanbic IBTC Bank's impact on the Nigerian society as well as stakeholders in the areas pertaining to the environment and social and economic value for all stakeholders.

A responsible business is underpinned by strong values and has a clear and compelling vision of where it is going. Over the past few years, Stanbic IBTC Bank has achieved success on the strength of its distinctive values and clear vision. This report sets out the steps taken by the bank in 2011 to ensure that in our present and future business, we continue to live our values.

The bank's corporate social investment strategy is aimed at applying distinctive capabilities in a coordinated manner to address social challenges. The strategy is anchored on Standard Bank Group philosophy that our growth potential is dependent on the wellbeing of people in the communities where we live and work. The philosophy is anchored on three platforms; our business, community and the environment. These three interwoven platforms are prerequisites to achieving and sustaining social development. Through strategic interventions in such communities, our values are reinforced while achieving our business objectives.

The bank's focus on growing its global presence entails consistently investing in local capacity as healthy and economically active communities have a direct impact on our long term business growth. Since our stakeholders live and work in the communities in which we operate, it follows that by supporting and investing in the wellbeing of these communities, Standard Bank Group is investing in its own sustainability.

As a bank operating in developing markets, our CSR efforts align to our business activities and enable us to take economic development even further.

The group's CSR philosophy is therefore closely aligned with that of Standard Bank. Very importantly, it is guided by three major criteria: 


Social and developmental relevance

Our corporate social investments should bear strong relevance to the social and economic developmental needs of the larger society. 



Our corporate social investments should impact positively on as many people and or communities as practical. 



Our corporate social investments should be able to self-replicate themselves year after year. In other words, the initiatives should with time, perpetuate themselves and become self-sustaining rather than those that will require perpetual intervention. 
Projects Undertaken
In the course of 2011, a number of projects were undertaken:

Stanbic IBTC Adopt a school project

In a bid to contribute meaningfully to the development of education in Nigeria, the group continued the journey towards creating an enabling environment for learning in our schools by handing over the Stanbic IBTC Adopt a School program to Lagos State Government. The pilot project was in Lagos, with the adoption of the Lagos Progressive schools, (primary, junior and senior secondary) Surulere, with others being added as we progress. 


Bizaids is an initiative of the Pan African Business Coalition which helps SMEs in mitigating against the economic effects of HIV / AIDS, tuberculosis and malaria. Standard Bank was the co-founder. Through this initiative we hope to make a contribution to improve quality of life and standards of living by creating sustainable businesses. Our contribution allows us to touch 1,000 people and add significant value to their lives. 

Office of the first lady’s retreat

We sponsored the international retreat on etiquette, protocol and administration for wives of all state governors in the Federal Republic of Nigeria. Requested by the CEO as a means of capacity building within individual states of the Federal Republic of Nigeria. 

University of Ibadan

As part of our focus on education the bank donated funds towards the rehabilitation of the analytical services and livestock production at the University of Ibadan. The donation will contribute towards improving intellectual and socio-economic development of the university community and the society at large. 

Internal audit department charity project

The Internal Audit department raised ₦180,000 for the Heart of Gold's Hospice for some urgently required items. The objective is to improve lives and or living conditions of the less privileged children in our society. 

Tender Cradle School

The bank sponsored the valedictory service and 10th year anniversary.

Management Sciences for Health (MSH)

MSH requested a partnership agreement with the bank to help with their health systems strengthening initiative in Nigeria. MSH specifically required funding to run additional streams of their fellowship program as well as assistance with capacity building in certain areas of the program i.e. financial management and report writing. 

Association of waste managers (AWAM) conference

The bank commenced a successful partnership with the Lagos State Waste Management Authority "LAWMA", which culminated in the successful handover of the first batch of 100 compactors by the Executive Governor of Lagos State. These were financed through our vehicle and asset finance department. 

World Physiotherapy Day Celebration

Health and wellness is one of the focus areas of the bank. The World Physiotherapy Day was held on 8 September 2011. 

World Aids Day

Standard Bank Group partnered with UNaids for the 2011 World aids day campaign (Getting to Zero. Zero new HIV infections. Zero discriminations and Zero aids related deaths). Nigeria was selected as one of the countries in which the campaign was launched. This project was divided into two parts (internal and external). The internal campaign included staff talks in order to educate our staff. The external part involved educating fifteen secondary schools across the country and included HIV/Aids status testing centers and counseling for the communities. 

Donation to the Police Special Fraud Unit (SFU)

The police, especially, the Special Fraud Unit (SFU) have been partnering with us to combat fraud since 2004. In 2011, the bank contributed the sum of ₦3 million to cover the purchase of laptops, Internet facilities, fourteen volumes of Laws of the Federation of Nigeria and weekly law reports. By assisting the Nigerian Police Force we contribute to safety and security of communities. 

Maria Sam Foundation

Maria Sam Foundation is a non-governmental organization that was conceived as an avenue to create awareness on the benefits of screening, early detection and prevention of cancer, HIV/ aids and other terminal ailments. The bank supported this cause by contributing towards sending five doctors to the U.S. for medical training. 

You Win Programme

The Federal Government of Nigeria introduced the Youth Enterprise with Innovation in Nigeria programme as a means to provide financial support for the expansion of youth owned businesses while encouraging the development of business ideas that would lead to job creation. This programme seeks to empower young people and re-direct them towards adding value to themselves and society with strong, positive messages. The bank believes that the future of Nigeria lies in the desire of the youth to change thinking and attitudes in the society. 

We care for our children (Stanbic VAF Team)

The Vehicle and Asset Finance unit embarked on a charity project with the theme "we care for our children". The objective was to improve lives and living conditions of the less privileged children in our society. A visit to the Heart of Gold Children Hospice resulted in meeting a young lady who was in need of corrective eye surgery. A sum of 7,000 USD was required for this surgery to cover all expenses. 

Take a Girl Child to Work Day

A brain child of the South African High Commission in Nigeria, the objective is to create a sense of belonging and responsibility among girls. The bank in support of Nigeria's ratification of the Millennium Development Goals (MDGs), supported the project again this year, and was responsible for the re-orientation of twenty undergraduates of the University of Lagos. 

University of Ibadan: Flood alleviation

During 2011 the University of Ibadan was affected by a devastating flood which resulted to many losses in various areas within the school. Stanbic IBTC who are passionate about education donated towards alleviating some of the losses suffered. Education is one of the areas the bank is willing to partner with stakeholders as a form of giving back to society. 

Training of twenty female SME customers

As part of the banking value proposition for women, the bank signed a training agreement with the International Finance Corporation (IFC), a member of the World Bank Group to support the bank with their training programs designed to improve the management skills of business owners. The SME team identified twenty existing high value female SME customers to receive the Business Edge training to help them build capacity and grow their business. 

Women in Successful Careers (WISCAR)

The bank supported WISCAR for the graduation of the second stream of mentees in December 2011. This investment will contribute to the ideal of developing women to create a better nation. 

2011 Nigerian Economic Summit (NES)

The bank's involvement in the 17th edition of NES underscores an in-depth interest in creating an enabling environment, conducive to good governance, responsible private sector investment and sustainable economic growth and development. The aim is to achieve economic liberalization, deregulation, public sector reforms, an improved investment climate, transparency in governance and public and private partnerships. 

1st stakeholder roundtable on Niger Delta environmental protection and regeneration 

The roundtable was held under the patronage of the Minister of Petroleum Resources and in collaboration with the Ministry of Environment, Ministry of Niger Delta, industry players, international organisations and the diplomatic community. The aim is to strengthen current and proposed relationships with these stakeholders. The bank's sponsorship supports the objective to promote responsible hydrocarbon exploitation in the Niger Delta. 

Investment workshop on Agro-Allied Industries

Hosted by the Ministry of Trade and Investment, this is a one day workshop involving various stakeholders in the agro-allied industries.

The group supports the UN Global Compact and its ten principles covering human rights, labour, environment and anti-corruption. As a member of Standard Bank Group, we have also adopted the Equator Principles, a voluntary set of standards for determining, assessing and managing social and environmental risk in project financing.

The group will continue to focus on producing superior returns for shareholders and achieving this through responsible and sustainable business growth. By living our values we will reach our ever-stretching goals. Performance driven and values-led growth is the key to sustainable shareholder value.

Sustainability is also about taking care of communities where we live, work and do business, and being sensitive to their changing needs. Across the world, people are expecting more from business. It is essential to engage with the issues that people really care about.

We know that Stanbic IBTC Bank's reputation as a responsible company is not to be taken for granted. We have to work hard to renew it day by day. It is in us, in our processes, in our people, and in our plans for the future. Everyone who comes in contact with us, however briefly, must see that we live by our values, the values that make us who we are. 
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