GCB as part of its 70th Anniversary has once again assisted in finding solutions to national issues.
The “GCB Greens Ghana for Life” or “3G-4-Life” initiative, which would see GCB contribute 7,000 trees to support Ghana’s tree population as one of its 70th anniversary heritage initiatives, will be put into action in conjunction with the Bank’s 70th anniversary celebrations.
This initiative, according to GCB, will greatly increase its chances of fighting against climate change and securing a sustainable environment.
“For 70 years, GCB has contributed in significant ways to support Ghana’s economic development. In addition to financing projects, our corporate social responsibility (CSR) initiatives have been strategically aimed at responding and intervening in critical social development needs. The idea to grow trees as part of our 70th anniversary is also borne out of the links that GCB sees between the Bank and trees.
“Trees represent life and communicate resilience and resourcefulness. The idea of growing them to improve our vegetative cover signifies regeneration. These are themes which resonate with GCB at its 70th milestone. Over the course of the Bank’s 70 years, the GCB brand, strategy and business offering have all been continuously refreshed to align with developments in its markets. GCB has become the personification of resilience and resourcefulness, having survived the several difficult times in all fronts.”GCB
GCB disclosed that to make all these possible, the bank will be rolling out the “GCB Greens Ghana for Life” in the coming weeks with schools, communities, the Ministry of Lands and Natural Resources, the Forestry Commission and the staff of the bank over three phases in a six-week period which would sandwich the Green Ghana Day on 9 June 2023.
“We are doing this because we also reckon that it is our ultimate responsibility to hand over this dear country of ours, Ghana, in a better shape to the next generation of Ghanaians. GCB is therefore enjoined by its brand promise to commit to this. As a brand, we promise to be ‘Your Bank for life’ and what better way to partner you in your lifetime than to ensure a more sustainable environment for you to live in.”GCB
GCB And Its Corporate Social Responsibilities
The reputation of GCB has grown over the years as a result of its funding, execution, and dedication to ESG (Environmental, Social, and Governance) initiatives.
With notable success, GCB has provided traditional and practical interventions in the fields of health, education, and the environment through its CSR agenda over the years.
The Bank took the lead in the fight against COVID-19, aiding health workers with meals and personal protective equipment (PPEs), as well as providing quantities of Veronica buckets, hand sanitizer, and liquid hand soap that are crucial for community protection.
The Bank also funded the renovation of the Usher Polyclinic and the provision of a Renal Dialysis Unit for the 37 Military Hospital. In the area of education, Fawoman Basic School, the Bomaa Junior High School, Sawuah (Donkorkrom) JHS, Ho Technical University in the Ashanti, Ahafo, Eastern and Volta Regions respectively, the University of Ghana, Kwame Nkrumah University of Science and Technology, University of Allied Sciences and the University of Energy & Natural Resources.
With the advent of sustainable finance, banks, in particular, take into account environmental, social and governance considerations when making decisions for financing projects.
In addition, signing agreements such as the UN Global Compact and the Equator Principles by banks shows their commitment to the values that guide their financial activities.