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| Kwamina Asomaning, Chief Executive, Stanbic Bank Ghana |
Stanbic Bank Ghana has reaffirmed its commitment to environmental sustainability with a large-scale tree planting exercise aimed at supporting Ghana’s climate resilience efforts and reducing carbon emissions.
The initiative, which forms part of the bank’s Environmental, Social and Governance (ESG) agenda, saw hundreds of staff participate in the planting of more than 10,000 trees at one of three designated locations across the country; Chipa, Juaso and Tamale. The exercise contributes to the bank’s broader target of planting 50,000 trees this year and one million trees in the long term.
Speaking during the exercise, the Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, said the program reflects the bank’s belief that economic growth and environmental responsibility must go hand in hand.
According to him, the increasing impact of climate change, rising temperatures and unpredictable weather conditions demand practical and sustained action from institutions and individuals alike.
He explained that tree planting remains one of the most effective natural ways to absorb carbon dioxide emissions, which continue to contribute significantly to global warming.
The tree planting exercise is our contribution towards addressing one of the most pressing environmental challenges of our time. We believe that sustainability must be reflected not only in our operations but also in the activities of the stakeholders we support,” he stated.
Asomaning noted that the initiative has become an annual exercise for the bank over the past three years, adding that the institution intends to scale up its efforts in the coming years.
He disclosed that beyond the current planting drive, Stanbic Bank is exploring plans to extend greening activities into urban areas, particularly within Accra’s central business district and ceremonial routes, to improve vegetation cover and help lower city temperatures.
We want to contribute to making Accra greener and more climate resilient. Urban tree cover plays an important role in improving air quality and reducing heat levels, and we believe corporate institutions have a responsibility to support that effort,” he added.
The Head of ESG and Sustainability at Stanbic Bank Ghana, Francis Ayisi, said the exercise forms part of the bank’s long-term climate commitments and supports global efforts to achieve net-zero emissions.
Quoting Native American environmental advocate Chief Seattle, he stressed the importance of safeguarding the environment for future generations.
The earth is not ours to own permanently; it is something we hold in trust for generations yet unborn. That understanding should guide the way institutions and individuals treat the environment,” he said.
Ayisi explained that the tree planting programme serves as a nature-based carbon offset initiative designed to create carbon sinks, restore ecosystems and reduce the environmental impact of business activities.
He said Stanbic Bank has set ambitious climate targets, including reducing emissions by 42 percent by 2030, cutting emissions further by 2040 and achieving net-zero emissions by 2050.
As a financial institution, we recognize that financing drives economic activity. Therefore, we must ensure that the businesses and projects we support are environmentally responsible and aligned with sustainable development goals,” he stated.
He added that the bank intends to work closely with customers and partners to encourage environmentally responsible business practices and reduce collective carbon footprints.
The tree planting exercise forms part of Stanbic Bank’s broader commitment to supporting Ghana’s low-carbon and climate-resilient development agenda while aligning with global climate goals under the Paris Agreement.
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| Staff of Stanbic Bank Ghana- Kumasi at the Juaso (South Formungsu Forest Reserve) |
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