{"id":14388,"date":"2023-09-18T15:33:14","date_gmt":"2023-09-18T14:33:14","guid":{"rendered":"https:\/\/10.81.104.155\/int\/?post_type=article&#038;p=14388"},"modified":"2024-02-06T16:00:32","modified_gmt":"2024-02-06T16:00:32","slug":"a-new-vision-for-africas-future","status":"publish","type":"article","link":"https:\/\/sponsorcontent.cnn.com\/int\/access-corporation\/a-new-vision-for-africas-future\/","title":{"rendered":"A\u00a0new\u00a0vision\u00a0for\u00a0Africa\u2019s\u00a0future"},"content":{"rendered":"\n  <style>\n    @media (min-width: 980px) {\n      .wp-block-hero__heading { font-size: 82px !important}\n      .wp-block-hero__sub-heading { font-size: 28px !important}\n    }\n  <\/style>\n\n<article class=\"wp-block-hero break-out\">\n\n      <div class=\"wp-block-hero__background\">\n                        <img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_467075454.jpg\" alt=\"\" class=\"wp-block-hero__background__image wp-block-hero__background__image--desktop lazy\">\n              \n          <\/div>\n  \n  <i class=\"wp-block-hero__overlay\" aria-hidden=\"true\"><\/i>\n\n  \n      <i\n    aria-hidden=\"true\"\n    class=\"wp-block-hero__custom-overlay\"\n    style=\"background-color:#000000;opacity:0.28\"><\/i>\n  \n  \n  <div class=\"wp-block-hero__intro-wrap container\">\n    <h1 class=\"wp-block-hero__heading\">A new vision for Africa\u2019s future<\/h1>\n  \n          <p class=\"wp-block-hero__sub-heading\">Where finance, sustainability, and prosperity go hand in hand<\/p>\n      <\/div>\n\n\n  \n    <div class=\"wp-block-hero__content-by wp-block-hero__content-by--wrap container\">      \n      <ul class=\"wp-block-hero__logos\">\n                  <li class=\"wp-block-hero__item\">\n\n                          <a href=\"https:\/\/www.theaccesscorporation.com\/\" target=\"_blank\" rel=\"sponsored noopener\">\n            \n                          <img data-src=https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/Untitled-1.png alt=\"\" class=\"wp-block-hero__icon lazy\">\n            \n                          <\/a>\n            \n          <\/li>\n              <\/ul>\n    <\/div>\n    \n  <\/article>\n\n\n\n<p class=\"has-large-font-size\">As Africa approaches a critical juncture in both climate&nbsp;action and economic growth, financial&nbsp;services are at the forefront of championing&nbsp;a bright future, spearheading Africa&#8217;s drive&nbsp;toward&nbsp;sustainable prosperity.<\/p>\n\n\n\n\t<article class=\"wp-block-video\">\n\t\t<figure class=\"container\">\n\t\t\t<div class=\"wp-block-video__wrapper\">\n\n\t\t\t\t<div\n\t\t\t\tdata-plyr-provider=\"vimeo\"\n\t\t\t\tclass=\"wp-block-video__player\"\n\t\t\t\tdata-plyr-provider=\"vimeo\"\n\t\t\t\tdata-plyr-embed-id=\"https:\/\/vimeo.com\/907415449?share=copy\"\n\t\t\t\t><\/div>\n\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t<\/article>\n\n\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\">The&nbsp;eyes&nbsp;of&nbsp;the <br>world<\/h2><div class=\"wp-block-cnn-heading__content\"><p>The&nbsp;eyes of&nbsp;the&nbsp;world&nbsp;are&nbsp;firmly placed&nbsp;on&nbsp;Africa.&nbsp;As&nbsp;the&nbsp;home&nbsp;to&nbsp;the&nbsp;world\u2019s&nbsp;fastest-growing&nbsp;population, with McKinsey&nbsp;estimating&nbsp;its&nbsp;population&nbsp;will&nbsp;<a href=\"https:\/\/www.mckinsey.com\/mgi\/our-research\/reimagining-economic-growth-in-africa-turning-diversity-into-opportunity\" target=\"_blank\" rel=\"sponsored\">nearly&nbsp;double&nbsp;to&nbsp;2.5&nbsp;billion&nbsp;by&nbsp;2050<\/a>, what happens on the continent will be felt across the world in the coming decades.<\/p><p>However,&nbsp;Africa\u2019s&nbsp;economic&nbsp;outlook&nbsp;remains&nbsp;mixed.&nbsp;While&nbsp;the&nbsp;continent&nbsp;features&nbsp;several&nbsp;of&nbsp;the&nbsp;fastest-growing economies in the world, according to the World Economic Forum the&nbsp;average&nbsp;growth&nbsp;rate&nbsp;still falls&nbsp;below&nbsp;the global&nbsp;average.<\/p><p>As the continent most susceptible to global climate change, there is also an imperative&nbsp;to ensure that sustainability is at the heart of any growth plan. To fund this change, attention has turned to leaders in the finance world.<\/p><p>As one of the&nbsp;fastest-growing sectors in Africa, its actions have an ever-growing impact on&nbsp;the&nbsp;ability&nbsp;of&nbsp;the continent&nbsp;to&nbsp;prosper.<\/p><\/div><\/div>\n\n\n<figure class=\"wp-block-image wp-block-image--large \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/TAMO0952-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<p>\u201cThe financial sector \u2013 the lifeblood of the continent\u2019s real economy \u2013 has played an&nbsp;important role in Africa\u2019s recent progress,\u201d&nbsp;says the African Development Bank Group, \u201cIt is&nbsp;vital&nbsp;to&nbsp;achieving inclusive growth and the transition to green growth.&#8221;<\/p>\n\n\n\n<p>The expectations of the financial services sector to deliver are higher than ever before, and Access Holdings \u2013 as Africa&#8217;s largest provider by customer base \u2013 is on the frontline of meeting them.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-text-color\" style=\"color:#ee7c01\">The financial sector is&nbsp;vital&nbsp;to&nbsp;achieving inclusive&nbsp;growth&nbsp;and&nbsp;the transition to&nbsp;green&nbsp;growth.<\/p>\n<cite>African Development Bank Group<\/cite><\/blockquote>\n\n\n\n<div class=\"wp-block-group has-white-color has-text-color has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"background-color:#f48533\">\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\">Financing&nbsp;the <br>future<\/h2><div class=\"wp-block-cnn-heading__content\"><p>In stressing the importance of the financial sector in leading the fight against climate change,&nbsp;<a href=\"https:\/\/www.imf.org\/en\/Topics\/climate-change\/green-finance\" target=\"_blank\" rel=\"sponsored\">the IMF<\/a> notes that \u201clong-term institutional investment can help with rebalancing and&nbsp;redistributing&nbsp;of&nbsp;climate-related risks and maintaining financial stability.&#8221; <\/p><p>With the sustainable finance market now reaching&nbsp;<a href=\"https:\/\/www.pwc.co.uk\/services\/business-restructuring\/insights\/financing-sustainable-growth-emerging-opportunity.html\" target=\"_blank\" rel=\"sponsored\">$1.6 trillion globally<\/a>, Access has seized the moment to provide fully realised, commercially viable, sustainable banking. By incorporating robust Environmental, Social, Governance (ESG) principles into its&nbsp;business strategy, Access has created a framework&nbsp;for driving positive environmental and&nbsp;social&nbsp;impact&nbsp;while maintaining strong governance.<\/p><p>Access\u2019 journey towards sustainability began in 2008, and the following year they were the&nbsp;first financial institution in Nigeria to adopt the Equator Principles, meaning that a pre-condition to the bank\u2019s involvement in any major project is an assessment of the&nbsp;environmental&nbsp;impact,&nbsp;including recommendations on how to mitigate any risk. <\/p><p>Jump&nbsp;forward&nbsp;a decade and&nbsp;Access&nbsp;Bank,&nbsp;the&nbsp;banking&nbsp;subsidiary&nbsp;of&nbsp;Access&nbsp;Holdings,&nbsp;issued the first Climate Bond Initiative (CBI) certified corporate green bond in Africa, with the proceeds of the bond used to finance\/refinance environmentally friendly projects.<\/p><\/div><\/div>\n\n\n<figure class=\"wp-block-image wp-block-image--full \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_525847994-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<p>From green lending to sustainable investing, Access is empowering individuals and businesses that prioritize environmental and social responsibility, fostering sustainable growth on the continent.<\/p>\n\n\n\n<p>This&nbsp;work&nbsp;has&nbsp;led&nbsp;to&nbsp;global&nbsp;recognition, with&nbsp;Access being the first commercial bank in Africa to achieve the highest level of sustainability certification under the Sustainability Standards and Certification Initiative (SSCI) program by the European Organization for Sustainable Development (EOSD).<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\">Leading&nbsp;by&nbsp;<br>example<\/h2><div class=\"wp-block-cnn-heading__content\"><p>It is not enough for sustainability to solely apply to the external activities of a business. This is because ESG considerations play an important part in a bank\u2019s role as a lender and financial service provider. Also, an organization\u2019s ability to live by its own ESG principles has a major impact on its integrity as a market leader.<\/p><p>Access has&nbsp;therefore&nbsp;set&nbsp;itself&nbsp;apart with&nbsp;a&nbsp;remarkably&nbsp;low&nbsp;environmental&nbsp;impact.<\/p><p>On energy, Access has saved an average of 5 to 6 million KWh yearly through its early shut-down policy, off-grid energy consumption, and investments in cleaner energy such as solar.&nbsp;On emissions, its journey to carbon neutrality is being driven by internal energy-saving&nbsp;initiatives and volunteer tree planting. And on waste, Access has pioneered waste recycling within Nigeria&#8217;s financial sector, expanding its recycling operations to 75 locations across the country.<\/p><\/div><\/div>\n\n\n<figure class=\"wp-block-image wp-block-image--full \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_622428574-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<p>To ensure the next generations of leaders are equipped to tackle the challenges ahead, the company has made major strides in sustainable education.<\/p>\n\n\n\n<p>The Climate Leadership Fellowship is a testament to this ethos and the Group\u2019s dedication to advocacy and leadership as a way of building climate resilience. The fellowship caters to secondary school students through the establishment of sustainability clubs, while empowering young adults to take on the role of climate mentors. Through this initiative, Access Holdings has trained 13,089 beneficiaries on climate action to build climate resilience and nurture a generation of informed and passionate environmental advocates.<\/p>\n\n\n\n<p>\u201cDevelopment is, at its core, the process of making investments now that increase the future&nbsp;growth of a country,\u201d says Patrick Behrer, Researcher at the&nbsp;<a href=\"https:\/\/www.worldbank.org\/en\/research\/brief\/research-programs\" target=\"_blank\" rel=\"sponsored\">World Bank\u2019s Development&nbsp;Research Group<\/a>. \u201cThere are few investments one can make that have as high a payoff as&nbsp;investing&nbsp;in human capital&nbsp;and&nbsp;education.\u201d<\/p>\n\n\n<figure class=\"wp-block-image wp-block-image--large \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/IMG-20210226-WA00631-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\">Beyond&nbsp;banking<\/h2><div class=\"wp-block-cnn-heading__content\"><p>At this critical crossroads for our planet, the finance and banking sector plays a pivotal role in driving sustainable growth.<\/p><p>Access Holdings stands as a shining example of how finance and banking can be catalysts for sustainable prosperity. By embracing a green and ethical approach, it is not only shaping its own future but also lighting the way for Africa&#8217;s journey towards a greener and more prosperous tomorrow.<\/p><\/div><\/div>\n\n\n\n<article class=\"wp-block-cta break-out\">\n\n\n      <div class=\"wp-block-cta__background\">\n                        <img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/09\/AdobeStock_551984593.jpg\" alt=\"\" class=\"wp-block-cta__background__image wp-block-cta__background__image--desktop lazy\">\n                        <\/div>\n  \n      <i\n    aria-hidden=\"true\"\n    class=\"wp-block-cta__custom-overlay\"\n    style=\"background-color:#000000;opacity:0.44\"><\/i>\n  \n  <div class=\"container\">\n\n          <h3 class=\"wp-block-cta__heading\">Discover more information on Access Holdings&#8217; sustainability work<\/h3>\n    \n    \n    <div class=\"wp-block-cta__buttons\">\n              <a\n        href=\"https:\/\/www.theaccesscorporation.com\/sustainability\/\"\n        target=\"_blank\"\n        rel=\"sponsored noopener\"        class=\"button wp-block-cta__cta\">\n          An inclusive future        <\/a>\n      \n              <a\n        href=\"https:\/\/www.accessbankplc.com\/sustainable-banking\"\n        target=\"_blank\"\n        rel=\"noopener noreferrer\"        class=\"button wp-block-cta__cta\">\n          Sustainable banking        <\/a>\n      \n    <\/div>\n  <\/div>\n<\/article>","protected":false},"featured_media":16288,"template":"","class_list":["post-14388","article","type-article","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - 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