By signing on to the world’s largest corporate sustainability initiative, CBG aligns itself with a global network of businesses and organisations committed to upholding 10 universally accepted principles in the areas of human rights, labour, the environment, and anti-corruption.

These principles serve as a guidepost for organisations to integrate sustainability into their strategies and operations, fostering long-term value creation for both the company and society.

The Managing Director of CBG, Mr Daniel Wilson Addo, speaking at the signing ceremony in Accra yesterday, said the agreement signified the bank’s unwavering dedication to advancing sustainable development goals and contrib­uting to a more inclusive and prosperous future.

“It is with joy that I announce that CBG is the first state-owned commercial bank in Ghana to be a member of the UNGC. This partnership has become necessary because, as a bank, we are cogni­sant of the impact of the decisions we make now and the years to come.”

“As a member of the UN Global Compact, CBG joins like-minded corporate organi­sations to accelerate the world’s progress towards sustainability. This we do by integrating Envi­ronment, Social and Governance (ESG) solutions into our internal operations and business activities, and helping our customers to build and maintain sustainable and resilient businesses that benefit the world at large,” he said.

The Executive Director of the UN Global Compact Network Ghana, Mr Tolu Kwaku Lacroix, warmly welcomed CBG to the initiative, stating, “CBG has shown great leadership in the areas of Sustainability and ESG. Along with implementing the Ghana Sus­tainable Banking Principles, it is an institution that fosters good gover­nance practices among its clients, and supports capacity-building initiatives for its stakeholders.”

On his part, the CEO of the Ghana Association of Banks, John Awuah, commended CBG for promoting sustainability in banking.