Fidelity Bank Ghana PLC, the leading privately-owned bank in the country, has solidified its commitment to advancing corporate sustainability by enrolling in the United Nations Global Compact (UNGC) initiative.
The UNGC stands as a prestigious voluntary platform dedicated to promoting responsible business practices on a global scale. With Fidelity Bank Ghana Limited joining the ranks, it aligns itself with more than 15,000 companies and 3,800 non-business signatories from over 160 countries, marking its entry into the largest global corporate sustainability initiative.
The core of this commitment lies in upholding ten universally accepted principles across human rights, labor, the environment, and anti-corruption measures. By subscribing to these principles, Fidelity Bank Ghana sets a course for supporting the United Nations’ Sustainable Development Goals (SDGs), which serve as a blueprint for achieving a sustainable and equitable future for all.
The decision of Fidelity Bank Ghana to join the UNGC mirrors its seamless integration with the Sustainable Banking Principles set forth by the Bank of Ghana. These principles aim to steer financial institutions towards positive contributions to the economy, society, and the environment.
This alignment stresses Fidelity Bank Ghana Limited’s dedication to fostering responsible business practices and positions it as a crucial force for driving positive change within the banking sector and beyond.
In a brief signing ceremony, Mr. Atta Gyan, Deputy Managing Director of Fidelity Bank, expressed eagerness for collaboration with global corporations to exchange best practices and cultivate sustainable business models.
This sentiment highlights the bank’s proactive approach towards embracing international standards and leveraging collective wisdom to navigate the complexities of sustainability challenges.
The Importance of Integrating Sustainability into Core Business Operations
The Deputy Managing Director of Fidelity Bank, meanwhile, emphasized the importance of integrating sustainability into core business operations.
“We look forward to working alongside other global corporations in sharing best practices and advancing the development of sustainable business models that benefit all stakeholders. Our involvement with the UNGC will also provide valuable insights and tools to further integrate sustainability into our core business operations. We are excited about the journey ahead and remain committed to reporting our progress towards meeting these critical goals, thus driving sustainable development across Ghana and beyond.”
Mr. Atta Gyan
Mr. Tolu Kweku Lacroix, Executive Director of UN Global Compact Network Ghana, commended Fidelity Bank’s commitment to principles such as Human Rights, Labor Rights, Climate Action, and Anti-Corruption, highlighting it as exemplary leadership.
Mr. Kweku Lacroix affirmed the United Nation Global Compact’s support for Fidelity Bank’s goals, aiming to accelerate its impact in Ghana during this decade of Action.
Fidelity Bank’s decision to join the United Nations Global Compact initiative highlights its commitment to the UN Sustainable Development Goals. The bank has established itself as a corporate leader in sustainability, evidenced by its diverse range of sustainability-focused initiatives across sectors.
Notably, the bank convened a successful Sustainability Conference last year as part of its Sustainability Month initiative, drawing participation from UN representatives and sustainability champions across the continent.
Fidelity Bank Ghana’s participation in the UNGC not only underscores its commitment to ethical conduct but also signifies its proactive stance in addressing pressing global issues. As the bank embarks on this journey, it not only strengthens its own resilience but also contributes to building a more sustainable and inclusive world for generations to come.
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