Wema Bank, Nigeria’s leading innovative bank and the pioneer of Africa’s first fully digital bank, ALAT, has been honored with three prestigious awards at the 2024 Global Sustainable Finance Awards. Hosted by The Digital Banker, the event celebrates financial institutions that excel in sustainable finance and responsible investment practices worldwide.
The awards received by Wema Bank underscore its unwavering commitment to environmental, social, and governance (ESG) excellence, marking a significant milestone in its dedication to sustainability and responsible banking. The bank was recognized for Outstanding Sustainable Finance in SME Finance, acknowledging its innovative solutions designed to promote SME growth and sustainability. Additionally, Wema Bank’s pioneering digital platform, ALAT, was celebrated as the Best Digital Platform for Sustainable Finance, highlighting its role in advancing financial inclusion and environmental sustainability.
Furthermore, Abimbola Agbejule, Wema Bank’s Head of Corporate Sustainability, was named Sustainable Finance Professional of the Year for Africa, honoring her leadership in sustainability initiatives at the bank.
Moruf Oseni, Wema Bank’s MD/CEO, expressed his pride in the recognition, stating, “Winning these awards is not just a recognition of our sustainable practices but also a testament to our role as pioneers in integrating sustainability into our core business strategies. We are proud to lead the charge in fostering sustainable development and demonstrating robust financial services leadership on a global scale.”
Abimbola Agbejule added, “This recognition is a reaffirmation of our dedicated efforts at Wema Bank to weave sustainability into every facet of our operations. It propels us to continue driving impactful financial solutions that not only meet today’s needs but also secure a sustainable tomorrow.”
With over 200 entries from 87 banks across four continents, Wema Bank’s achievements highlight its excellence and innovative approach to banking. These awards position Wema Bank at the forefront of sustainable banking on a global scale, alongside notable institutions such as HSBC, ING, and Caixa Bank.
Wema Bank’s success at the Global Sustainable Finance Awards underscores its leadership in the global financial landscape, setting a benchmark for the industry and emphasizing its unwavering commitment to sustainability. The bank continues to pioneer initiatives that not only meet customer needs but also promote a more sustainable and inclusive future.