How does NDIC promote Sustainable Banking?
The NDIC plays two roles in terms of the
implementation of sustainable banking. First as a member of the Bankers'
Committee, it is duty bound to implement the agreements of the committee.
Secondly, as a supervisor in the banking industry, the NDIC has the duty of ensuring
that operators in the system comply with the pledge to adopt the principles in
their institutions. As part of its efforts at achieving the implementation and
integration process, the NDIC came up with the following initiatives:
i. Set-up sustainability desk in the Managing
Director's office.
- Set-up a
committee on sustainability to facilitate the implementation of NSBP in
the NDIC.
- In its
effort to integrate environmental and social considerations the NDIC
commenced the implementation of energy efficiency initiatives in all its
locations nationwide.
- The NDIC
has invested immersely in ICT to drive most of its work processes e.g.
Human Manager Record Platform, Dispatch Management System, Document
Management System, E-learning, etc.
- To further
integrate Sustainable Banking and ensure compliance with the principles,
an Inter Departmental Committee was constituted to drive the
implementation of a paperless environment in the NDIC. Paperless
environment not only increases productivity, eliminates storage space,
reduces cost and expenses (printing costs, photocopier costs) but also
leads to improved ability to work remotely, increased security, improved
disaster recovery, and reduction in environmental impact.
- The NDIC
continued to comply with the principles through promotion of Financial
Inclusion and Financial Literacy, Collaboration with other stakeholders to
promote and expand the Sustainable Banking space, implementation of
sustainability principles in its On-site examination processes, training
and capacity building for staff on environmental and social risks,
etc.
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