CBG Signs Onto UN Global Compact2 min read

Consolidated Bank Ghana (CBG) has joined the United Nations Global Compact (UNGC), a voluntary global initiative that promotes responsible business practices and the advancement of the Sustainable Development Goals (SDGs).

By signing onto the initiative, CBG aligns itself with a global network of Businesses and Organizations committed to upholding 10 universally accepted principles in the areas of human rights, labor, the environment, and anti-corruption.

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

At the signing ceremony, CBG Managing Director, Daniel Wilson Addo, said the agreement signifies the bank’s unwavering dedication to advancing sustainable development goals and contributing to a more inclusive and prosperous future.

“This partnership has become necessary because, as a Bank, we are cognizant of the impact of the decisions we make now and the years to come. 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”.

The Executive Director of the UN Global Compact Network Ghana, Tolu Kwaku Lacroix, warmly welcomed Consolidated Bank Ghana LTD (CBG) to the initiative, stating, “CBG has shown great leadership in the areas of Sustainability and ESG. By joining the UN Global Compact, CBG sends a strong message that this sustainability journey is important and that it desires to elevate its standing in Ghana and the world.”

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

“I hope this will propel more banking institutions to boldly join the community of business leaders and organizations that have decided to put profitability and humanity in the same sentence,” he said.

Director, Wholesale Financing, Credit Origination Madam Otsiwah Ofei-Addo, on behalf of the Development Bank Ghana (DBG) congratulated CBG for the vision, leadership and commitment to uphold the highest standard of corporate citizenship by signing on to the UN Global Compact.