This article is sponsored by BIDC
The award will be conferred during a ceremony set for December 30th, 2024, at the Accra International Conference Center in Accra, Ghana.
This award recognizes EBID’s outstanding commitment to sustainable practices across Africa, highlighting its efforts to foster environmental, social, and economic advancement in line with the United Nations Sustainable Development Goals (SDGs).
In line with its objective to boost access to sustainable financial resources in West Africa, the Bank has invested over USD 1 billion in sustainability-focused projects to date, in accordance with its Strategy for 2021-25.
The Bank’s dedication to sustainable initiatives has garnered international acclaim, as exemplified by the recent grant of a EUR 100 million credit line from the European Investment Bank (EIB) to back climate-resilient and sustainable projects within the ECOWAS region.
It is noteworthy that in February 2023, EBID launched its first-ever Environmental, Social, and Governance (ESG) Finance Framework, reinforcing its commitment to green financing and sustainability efforts. This was followed by the inaugural edition of the Bank’s series titled “The President’s Round Table” on “Greening West Africa” in October 2023. This event brought together environmental and sustainability experts from across the continent to analyze the effects of climate change in West Africa and to suggest strategies for climate-focused economic development.
Additionally, EBID achieved a significant milestone by becoming the first Development Finance Institution (DFI) to issue a Green, Social, and Sustainable (GSS) Bond in the UEMOA regional financial market, specifically the Bourse Régionale des Valeurs Mobilières (BRVM), which was oversubscribed in just 48 hours. The Bank is also close to finishing its accreditation process with the Green Climate Fund (GCF) and recently hosted a high-ranking delegation from GCF, South Korea, to explore initiatives aimed at bolstering the Bank’s capability to support the region in this context.
The African Sustainability Awards (ASA) act as a platform that acknowledges individuals, organizations, businesses, NGOs, and government entities that demonstrate a strong commitment to sustainable practices.
