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    Sustainability & ESG – CBG

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    Sustainability & ESG

    Consolidated Bank Ghana (CBG) is aware of how its operations influence the environment and the community in which it operates, directly and indirectly, depending on how its buildings, IT systems, and its business functions. Failure to identify and control environmental and social risks resulting from its clients' operations can severely affect CBG's brand, bottom line and its very existence.

    We at CBG believe that incorporating sustainable practices into our Bank is the right move. As a result, we are dedicated to developing a long-lasting and sustainable bank by upholding the greatest standard of governance for People, Profit and Planet.

    CBG identifies, measures, mitigates and monitors Environmental, Social and Governance (ESG) risks in our business activities, aligned with Ghana Sustainable Banking Principles.

    Our Approach

    CBG's approach to ESG risk management commenced in 2021 with four implementation objectives:

    1. Develop and implement an E&S risk management policy
    2. Establish procedures and systems for implementation
    3. Provide capacity building for key stakeholders
    4. Report and require client reporting on E&S performance
    Our Policy

    The Board of Directors approved the Environmental and Social Risk Management (ESRM) policy in March 2022. A full ESMS desk and competent officers were appointed to drive ESG strategy and implementation aligned with Ghana Sustainable Banking Principles.

    Our Strategy

    The Bank adopts a risk-based approach to managing environmental and social risks in its own operations and those of its clients. It conducts E&S Screening, Assessment, Decision and Monitoring, with an exclusion list and risk thresholds for responsible financing.

    Capacity building is key — CBG trains staff and key stakeholders on ESG, guiding the Bank toward achieving long-term sustainability and net-zero goals.

    Our Journey

    CBG remains committed to mainstreaming the Ghana Sustainable Banking Principles and aligning our staff, stakeholders, clients and partners toward securing a sustainable future.