Integrating ESG in Digital Lending strategies
A case study of a successful ESG Integration into Fidelity Bank's Lending Strategy
Background
Fidelity Bank, established in 1988, has grown to become one of the largest financial institutions in Africa. It has carved a niche for itself as a leading bank in corporate lending, offering tailored financial solutions to businesses of all sizes. Fidelity’s commitment to corporate social responsibility (CSR) is unparalleled, earning the reputation as one of the most engaged banks in CSR activities in Nigeria. It has taken significant initiatives to integrate Environmental, Social, and Governance (ESG) considerations into its lending. This initiative reflects the bank’s forward-thinking ethos and its dedication to sustainable and responsible banking practices, ensuring that its financial activities contribute to a more sustainable future.
KEY CHALLENGESAs part of Fidelity Bank’s ESG Integration into their lending strategy, they sought to address the following challenges:
HOW ACP EFFECTIVELY TACKLED THESE CHALLENGES HEAD ON
1800+
250
99.5%
The implementation resulted in better and quicker high-level screening for ESG factors, significantly reducing the time required for initial assessments.
Customized checklists were developed for different business segments. These checklists helped ensure that all relevant ESG criteria were considered for each client segment, providing a tailored approach to ESG evaluation.
The implementation resulted in better and quicker high-level screening for ESG factors, significantly reducing the time required for initial assessments.
Axe Finance deployed its sophisticated data management tools to integrate ESG data seamlessly into Fidelity Bank’s existing systems. This involved standardizing diverse data formats and ensuring data integrity across all platforms for well-informed lending decisions.
