BANK OF AFRICA, CONTRIBUTING TO SUSTAINABLE DEVELOPMENT ON AN INTERNATIONAL SCALE

BANK OF AFRICA adheres to the major benchmarks based on the highest international standards.

INITIATIVES AND INTERNATIONAL STANDARDS ADOPTED

MITIGATING OUR ENVIRONMENTAL IMPACT

BANK OF AFRICA strives to protect the environment and reduce its environmental footprint through a number of environmental and energy-saving measures.

REDUCING THE GROUP’S ENVIRONMENTAL FOOTPRINT

In 2015, BANK OF AFRICA made a voluntary undertaking to conduct a carbon assessment every two years. In 2021, the Bank carried out its 2020 carbon assessment. The latter takes into account the main categories of direct and indirect greenhouse gas emissions (GHG) including different types of energy consumption, fixed assets, purchases, cash-in-transit, business travel and end-of-life treatment.

Overall CO2 emissions fell by 25% in 2020 by comparison with 2018, largely due to the impact from the COVID-19 pandemic which resulted in many employees working from home and restrictions on business travel.

In managing its environmental impacts, BANK OF AFRICA’s ongoing efforts at protecting the environment saw its ISO 14001 certification renewed in 2021. Bureau Veritas concluded that the Bank’s environmental management system was indeed effective and had a positive environmental impact.

In 2016, BANK OF AFRICA was awarded ISO 50001:2011 certification by Bureau Veritas for the first time. Since then, the Bank has continued to fulfil its undertakings in terms of energy efficiency, resulting in its energy management system being awarded ISO 50001:2018 certification.