MD CEO First Bank, Segun Alebiosu
FirstBank has retained its position as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the 2025 Euromoney Awards, marking its second consecutive win in this category. This achievement underscores the bank’s commitment to sustainable finance and responsible banking practices.
The bank’s sustainability efforts are evident in its recent initiatives. FirstBank screened 237 transactions worth over ₦3 trillion for sustainability risks in 2024, integrating ESG considerations into its credit framework. This approach ensures that the bank’s lending practices are aligned with global sustainability standards.
FirstBank has also invested in capacity building, training over 9,000 employees on ESG/sustainability and conducting webinars and workshops for over 2,000 SMEs and corporates. This effort aims to equip stakeholders with the knowledge and skills needed to navigate the complexities of sustainable finance.
The bank’s commitment to gender inclusion is another notable aspect of its sustainability strategy. FirstBank disbursed over ₦43 billion in FirstGem loans to women-led businesses in 2024 through its Gender Market Strategy. This initiative demonstrates the bank’s dedication to promoting economic empowerment and financial inclusion for women.
FirstBank’s inclusive banking approach has also led to a significant increase in transactions facilitated by FirstMonie agents, worth over ₦9 trillion. This milestone highlights the bank’s ability to drive financial inclusion and support the growth of small and medium-sized enterprises.
The bank’s recent awards and recognition are a testament to its excellence in various areas. FirstBank has been named Best SME Bank in Nigeria and Best SME Bank in Africa by The Asian Banker. It has also received awards for Best Private Bank in Nigeria and Best Private Bank for Sustainable Investing in Africa by Global Finance Awards.
FirstBank’s approach to sustainability is built on three pillars: education, health, and welfare; diversity and financial inclusion; and responsible lending, procurement, and climate initiatives. The bank’s commitment to creating a sustainable and inclusive future for all stakeholders is evident in its various initiatives and programs.
Overall, FirstBank’s retention of the Best Bank for ESG award in Nigeria is a reflection of its dedication to sustainable finance and responsible banking practices. The bank’s efforts to promote financial inclusion, gender equality, and environmental sustainability have earned it recognition as a leader in the Nigerian banking industry.
