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Zenith Bank emerges first Nigerian Bank to repeatedly audit its carbon emissions

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L-R: Dr. Temitope Fasoranti, Executive Director, Zenith Bank Plc, Lynsey Elston, Country Manager, V4 Advisors, at the official presentation of the certificate for Greenhouse Gas Auditing for the 2018 Financial Year to Zenith Bank Plc by V4 Advisors, held at bank’s head office in Lagos, recently. PHOTO: Zenith Bank Plc

Zenith Bank Plc has received a certificate for Greenhouse Gas Auditing by V4 Advisors after successful completion of its Greenhouse Gas Audit for the 2018 Financial Year.

The presentation of the certificate and the report of the Auditors was done by V4 Advisors at the Zenith Bank Head Office on May 21, 2019.

Temitope Fasoranti, the executive director, who received the certificate on behalf of the bank, said Zenith started this effort with the 2016 Financial Year and has carried out three greenhouse gas audits to date.

He explained that the bank understands the relationship between greenhouse gas emission and climate change and appreciates the role it is expected to play towards combating the menace of climate change.

Also speaking on the milestone, Lynsey Elston, V4 country manager, highlighted that Zenith Bank is the first Nigerian bank to consecutively report the carbon emissions of their head office in Lagos using a certified tool which is built on the internationally recognized “GHG Protocol”.

She commended the bank for proving its commitment to United Nations Global Compact (UNGC) Goal 13, Climate Action, in addition to complying with Global Reporting Initiative (GRI) Standards.

In response to her, the executive director said the initiative has significantly helped the bank reduce its overall carbon footprints and drive energy efficiency.

V4 Advisors is a UAE-based provider of advisory and consulting solutions on climate change and greenhouse gas emissions.

The firm’s calculation and reporting tool have been reviewed by the World Resources Institute (WRI) for conformance with the GHG Protocol Corporate Standard.

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