Sustainability
Over the past fifteen years, BANK OF AFRICA has reinforced its position as a leader in Sustainable Finance, driven by the conviction that finance has an essential role to play in building a sustainable, positive and inclusive economy.
A pioneering Bank, BANK OF AFRICA was the first Moroccan institution to sign the United Nations Global Compact in 2016. Indeed, the ten principles behind this commitment in the fields of the environment, human rights, labour law and the fight against corruption have already been integrated in our business practices.
We take pride in being the first Moroccan bank to be acknowledged by the European non-financial rating agency Vigeo as the “CSR Best Performer” in both 2012 and 2014. BANK OF AFRICA was also selected to be in Vigeo’s EM-70 ranking, which recognizes the 70 best companies (among 800 listed companies in 31 emerging countries) in terms of environmental standards, social responsibility and corporate governance.
In 2015, emphasis was put on the development of financing products with a positive social and environmental impact. The MorSEFF financing facility for energy efficiency and renewable energies - in partnership with the EBRD, AFD, EIB and KfW - was a real success and ranked first in the MENA region.
Africa could be full of promises and opportunities if we manage to make the most of its entrepreneurial energy and support its most innovative people. Promoting entrepreneurship in our continent was one of our biggest ambitions when launching the first edition of the African Entrepreneurship Awards in 2015, with an annual prize of $1 million. More than 5,000 candidates from 54 African countries, as well as Africans living outside of Africa, took part in the contest. Among the 34 finalists, 10 winners in 3 different categories (Education, Environment, and Uncharted) shared the prize.
All of these achievements help our industry evolve towards finance with a sustainable impact on the economy, the environment, the climate and society.
Othman Benjelloun
Chief Executive Officer
