Abuja, June 23, 2025 – The Bank of Industry (BOI) has launched its Sustainable Finance Framework to drive responsible, inclusive and environmentally sustainable growth in Nigeria
The bank disclosed this in a statement signed by Theodora Amechi, its Divisional Head of Public Relations.
The bank described the framework as a strategic blueprint that establishes a strong foundation for aligning the bank’s financing activities with global sustainability and leading environmental, social, and governance practices.
It said the framework was designed to empower Nigerian enterprises and aligns with the bank’s 2025–2027 Corporate Strategy.
The strategy prioritises long-term development impact, environmental stewardship, social inclusion, and the creation of shared value, while addressing both national and global challenges.
The statement said the framework would enable the bank to programmatically raise Green, Social and Sustainability Bonds and Loans, in line with the latest applicable International Capital Market Association (ICMA), Loan Market Association (LMA) and Loan Syndications and Trading Association (LSTA) principles and guidelines.
It added that the framework had also been independently evaluated by S&P Global Ratings, which issued a Second Party Opinion (SPO) affirming its alignment with international sustainable finance principles.
The validation enhances the bank’s credibility among institutional investors seeking impactful ESG-aligned opportunities in emerging markets.
“Through this framework, BoI aims to support businesses committed to sustainable practices, unlock access to blended and concessional capital, and advance national priorities such as climate resilience, job creation, gender inclusion, and export diversification.
“It will further enable the bank to scale its impact across priority sectors including renewable energy, clean transportation, agro-processing, healthcare, education, and digital infrastructure.”
The statement quoted Dr Olasupo Olusi, the bank’s Managing Director, as saying: “This framework marks a significant milestone in our journey to become a fully sustainable development finance institution. It reflects our strategic intent to finance enterprises that deliver both economic value and measurable social and environmental benefits.
“The Framework is aligned with key global and national sustainability principles, including the UN Sustainable Development Goals, the Paris Agreement, the Principles for Responsible Banking, and the Nigerian Sustainable Banking Principles.”
