Regulatory Alerts2013-02-15 | NSBP/2013Implementation of the Nigerian Sustainable Banking Principles (NSBP) by CBN
In July 2012, Nigeria's Bankers' Committee adopted the Nigerian Sustainable Banking Principles (NSBP) for the banking industry. The Central Bank of Nigeria (CBN) has since integrated social and environmental considerations into its operations, aiming to lead the sector towards a low-carbon, resource-efficient, and socially inclusive future. To drive this process, the CBN appointed Dr. Aisha Usman Mahmood as Special Adviser on Sustainable Banking. The principles focus on nine key areas including managing environmental and social risk in business decisions, promoting financial inclusion, safeguarding human rights, and encouraging partnerships to accelerate progress. As part of this commitment, an inter-departmental Sustainability Committee was established with a draft CBN implementation plan being developed. For more details about the CBN's sustainability journey, please contact Dr. Aisha Usman Mahmood at aumahmood@cbn.gov.ng.