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Sustainable development

Bank of Africa believes that every social and environmental risk provides an opportunity to find new solutions. The Bank aims to promote responsible, inclusive and positive impact finance.

By signing the United Nations Global Compact in 2016, Bank of Africa  demonstrated its commitment to respecting human rights, labour standards, environmental protection and anti-corruption. Bank of Africa supports the Mainstreaming Climate Action within Financial Institutions initiative. Each of the Bank's business lines has adopted this inclusive CSR system.

Since December 2016, the Bank has been included in the Eiris‐Vigeo Emerging 70 Index specialising in emerging countries, in recognition of best practice in CSR. The Bank was also named ‘Top Performer, CSR Morocco’ in the Environment category for the 4th consecutive year.

Bank of Africa became the first bank in the region to have obtained ISO 500001 certification for its energy management system and the first Moroccan bank and the second in Africa to be awarded HQE certification from Cerway International Certification for the new Bank of Africa Of Africa Academy head office.

Bank of Africa has implemented a programme to reduce its carbon footprint. ISO 14001 certification was renewed in its latest version, incorporating all the various requirements for managing direct and indirect environmental impacts.

Bank of Africa intends to ensure its sustainability by adopting a holistic approach to risk management, incorporating environmental, social and governance (ESG) criteria. In 2017, ESG risks were progressively incorporated within the Group’s operational risk map.


Sustainable and responsible finance

Bank of Africa Cap Energie financing line enables customers to prioritise energy efficiency and renewable energy within their development strategy.

On the eve of the COP22 conference, Bank of Africa became the first bank in Morocco to issue Green Bonds by public offering as a means of financing green projects that promote energy efficiency and the use of renewable energy. A EUR 20 million credit facility agreement was also signed with the EIB and the FMO to help finance Morocco’s circular economy in solid waste collection, recycling and recovery.

The Bank also signed a Memorandum of Understanding to establish a credit facility in partnership with the AFD and the EIB to finance adaptation to climate change with an emphasis on industrial waste water treatment in Morocco.