The Bank of Industry (BoI) has unveiled its Sustainable Finance Framework, a comprehensive strategic roadmap aimed at fostering responsible, inclusive, and environmentally sustainable economic growth across Nigeria. The landmark initiative is a core part of the bank’s 2025–2027 corporate strategy, which focuses on long-term development impact, environmental stewardship, social inclusion, and value creation.
In a statement, the Managing Director and Chief Executive of BoI, Dr. Olasupo Olusi, described the framework as a pivotal step in the bank’s evolution into a fully sustainable development finance institution.
“It reflects our strategic intent to finance enterprises that deliver both economic value and measurable social and environmental benefits,” he said.
The bank’s Divisional Head of Public Relations, Theodora Amechi, emphasized that the new framework is designed to empower Nigerian enterprises and align BoI’s financing activities with global sustainability standards and leading Environmental, Social, and Governance (ESG) practices.
She noted that the blueprint is anchored on widely recognized global and national sustainability principles, including the UN Sustainable Development Goals (SDGs), the Paris Agreement, the Principles for Responsible Banking, and the Nigerian Sustainable Banking Principles (NSBP).
The framework also integrates BoI’s internal ESG systems, such as its ESG Policy and Corporate Social Responsibility (CSR) guidelines, which shape the bank’s approach to sustainable management.
At its core, the strategy embraces the triple-bottom-line model—People, Planet, and Profit—ensuring that BoI’s investments generate financial returns while also delivering inclusive social and environmental benefits.
According to the bank, the framework will facilitate the structured issuance of Green, Social, and Sustainability Bonds and Loans, adhering to the latest standards from the International Capital Market Association (ICMA), the Loan Market Association (LMA), and the Loan Syndications and Trading Association (LSTA).
Importantly, the framework has received a Second Party Opinion (SPO) from S&P Global Ratings, affirming its alignment with international sustainable finance principles a move expected to boost investor confidence and attract ESG-focused capital to Nigeria.
“Through this framework, BoI aims to support businesses committed to sustainable practices, unlock access to blended and concessional capital, and advance national priorities such as climate resilience, job creation, gender inclusion, and export diversification,” Amechi stated.
She added that the bank’s impact will extend to key sectors including renewable energy, clean transportation, agro-processing, healthcare, education, and digital infrastructure.
With this launch, BoI is positioning itself at the forefront of Nigeria’s sustainable development financing landscape supporting enterprises that are not only profitable, but also socially responsible and environmentally conscious.
