Sustainable and impact finance at BANK OF AFRICA

Sustainability & Regulation
20/07/2022 article
Amal Benaissa BMCE BANK OF AFRICA Head - Sustainable Finance

In the face of growing global energy and food demands, Bank of Africa remains fully engaged in its sustainability journey, including the integration of climate risks and financing the transition to a low-carbon and inclusive economy.
Over the past 15 years, the pan-African banking group with Moroccan roots has actively consolidated its position as a regional sustainable finance leader and pioneer, committed to contributing to the energy transition in Morocco and across the African continent.

Bank of Africa’s uptake of sustainable finance can be traced back to its long-held conviction that the financial sector has a fundamental role in the achievement of sustainable development goals, including the transition to a low-carbon future. Bank of Africa in 2000 became the first African signatory of the United Nations Environment Programme Finance Initiative (UNEP FI) and later in 2019 re-affirmed its stance by becoming a founding signatory of the Principles of Responsible Banking.
This year, 2022, Bank of Africa is proud to be a co-founder of the African Business Leaders Coalition (ABLC) launched by the United Nations Global Compact. Through this initiative focused on advancing Africa’s growth, the private sector will have a framework and platform to engage with the United Nations on climate action and subsequently to other SDGs over time.

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