As part of corporate sustainability initiatives, Wema Bank Plc is concerned about the impact of the bank and its stakeholders’ activities on the environment. We have ensured environmental quality through our various initiatives. It is our way of preserving the future and making the environment a suitable place to operate, not just for us but for shareholders, employees, their children and generations to come. Our business thrives on these ecological resources hence, as a strategy, we have continued to implement eﬃcient measures to reduce the negative impact of our environmental and social footprint at our business locations.
Environmental Footprint Maria-Goretti Okafor 2019-11-13T16:18:39+00:00
The Bank partnered with an environmentally conscious organization to clean Kid’s Beach Garden in Lekki. The objectives of the initiative were to: Clean the beach of the debris (bottles, plastic bowls and bags, bottle covers, tyres, ropes, discarded clothing) left by previous visitors and Recycle the collected items into useful items. Members of staﬀ volunteered to clean and the items gathered were recycled into nice keepsakes for some of our branches and the Head Oﬃce.
Wema Bank has partnered with recycling companies and non-governmental organization to embark on a waste recycling process for proper disposal and management of paper and plastic. The evacuation of these items are done on a monthly basis across our Lagos island branches and the Head office. Currently we have recorded—in the last four months and we intend to increase this figure as we expand this initiative. Also, we have increased our environmental sustainability advocacy by creating increased awareness of the importance of adopting the 3Rs (reduce, reuse and recycle) of recycling with our employees and vendors.
As one of the key platforms supporting our eﬀorts at reducing our carbon emission we have ensured that our business activities and operations are conducted in a sustainable. A paperless work process is being practiced at all our locations by encouraging the use of an online document management system for memos, reports, request forms and presentations. So far, over 1050000 sheets of paper have been saved. This platform has signiﬁcantly reduced our paper usage in the Bank by 80% and have improved operational eﬃciency. We also encourage carpooling amongst our staff and the use of video conferencing in the offices to reduce carbon emissions.
The Bank has installed energy saving bulbs across all our branches and enforced a generator shutdown policy at 6 pm daily. The Bank has also deployed a solar power mobile ATM Truck to meet the banking needs of people in remote locations and to reduce carbon emission. We have installed solar panels at most of our branches and we plan to extend this initiative across all our branches. This has eliminated the use of generators in those locations, hence the signiﬁcant reduction in carbon emission and minimize our impact on the environment.