In 2012, the Nigerian Bankers' Committee approved the adoption of the Sustainable Banking Principles by banks, discount houses, and development finance institutions. The principles aim to foster positive development impacts to society while protecting the communities and environment in which financial institutions and their clients operate.
The Nigerian Sustainable Banking Principles cover nine principles:
- Environmental and Social Risk Management
- Environmental and Social Footprint
- Human Rights
- Women's Economic Empowerement
- Financial Inclusion
- Environmental and Social Governance
- Capacity Building
- Collaborative Partnerships
- Reporting