Sterling Bank environmental sustainability intervention hits N500m
The Managing Director and Chief Executive of Sterling Bank, Mr. Yemi Adeola, has said that that the lender has committed over N500 million to various activities under its Sterling Environmental Make-Over (STEM) social responsibility initiative in the last five years.
These activities include a partnership with agencies responsible for waste management in 14 states of the country, tree planting, and the national cleaning exercise.
The Sterling Bank boss who disclosed this in Lagos at the weekend also explained that the Bank decided to collaborate with celebrities to connect with their audiences. ‘Many of them have become inspirational figures to a lot of people.
He noted that the partnership with Funke Akindele-Bello at the Oyingbo cleaning exercise was informed by her unique character and passion for promoting cleanliness and a sustainable environment as she has impacted several lives. “Getting her on board was very apt because she believes strongly in what we are doing and what we stand for.”
“STEM is an initiative which started eight years ago and essentially covers all the programmes which Sterling Bank runs geared towards caring for our environment. So far, about half a billion naira has been invested in this initiative. When STEM started, the primary focus was the kitting of highway managers and sweepers in the employment of the Lagos State Waste Management Agency (LAWMA)
“Asides Lagos, we have extended this partnership to 14 other states in the country. We give 25,000 units of the uniforms to LAWMA on a yearly basis. This has been beneficial to sweepers, as the reflective uniforms are seen from a distance by motorists and give a sense of identity to the sweepers and highway managers,” he noted.
He further explained that Sterling Bank has invested in tree planting to address the challenge of desertification in the country. “We started our tree planting efforts in 2016 with Bauchi, Gombe and Plateau States. We intend to extend this to at least seven more states in 2017, with our goal being to lead the movement to promote environmental sustainability in the country.”
He assured that as a responsible corporate citizen, Sterling Bank would continually engage in initiatives that would protect the environment, especially those that are connected to the protection of lives through its renowned partnership with agencies of government responsible for the promotion of a clean environment and good health among Nigerians.
