By Ngozi Onyeakusi—Access Bank PLC has received an

endorsement from S&P Global Ratings (S&P) for its Sustainable Finance Framework

(or otherwise, Sustainability Bond Framework). S&P affirmed that Access Bank’s

framework aligns with international standards, including the Green Bond Principles

(GBP), ICMA 2021; Green Loan Principles (GLP), LMA/LSTA/APLMA 2021; Social

Bond Principles (SBP), ICMA 2021; Social Loan Principles (SLP), LMA/LSTA/APLMA

2021, and Sustainability Bond Guidelines, ICMA 2021.

The ratings agency however confirmed that its alignment opinion does not assess any

individual transaction with the ICMA’s GBP, GLP, LMA/LSTA/APLMA, 2021; SBP, SLP,

LMA/LSTA/APLMA, 2021, or Sustainability Bond Guidelines ICMA, 2021.

“Access Bank has committed to allocating an amount equivalent to the net proceeds of

any financing issued under this framework to fund projects that support the ICMA-

defined environmental and social objectives of a low-carbon economy and climate resilient growth. This is expected to drive socioeconomic development and empowerment. Moreover, the Bank clearly defines eligibility criteria for green and

social projects it could finance under this framework,” said Salaheddine Soumir, the

primary contact at S&P Global Ratings.

Gregory Jobome, Executive Director, Risk Management and Chairman, Green

Bond Committee at Access Bank PLC, stated that, “We are delighted to receive this

endorsement from S&P Global Ratings. At Access Bank, sustainability is engrained in

our DNA. As such, we are committed to financing projects that align with the ICMA-

defined environmental and social objectives of a low-carbon economy and climate-

resilient growth.”

The Sustainability Bond Framework outlines stringent eligibility criteria for green and

social projects that Access Bank may finance, ensuring that the allocated funds are

directed towards initiatives that support a sustainable future.

In addition, the Bank commits to disclose the impact metrics of the financed projects

and to obtain external verification for both allocation and impact reports.

Access Bank, operating through a network of more than 700 branches and service

outlets spanning 3 continents, 20 countries and over 60 million customers, is a leading

institution with an unwavering commitment to sustainability integrated Environmental, Social, and Governance (ESG) criteria into its lending and investment decisions, cementing its status as a sustainability-focused and forward-

thinking financial institution