How does NDIC promote Sustainable Banking?

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.

  1. Set-up a committee on sustainability to facilitate the implementation of NSBP in the NDIC.
  1. In its effort to integrate environmental and social considerations the NDIC commenced the implementation of energy efficiency initiatives in all its locations nationwide.
  1. 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.
  1. 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.
  1. 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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