The Bank of Industry (BOI) has inaugurated a Sustainable Finance Framework, a strategic blueprint that reaffirms the Bank’s commitment to driving responsible, inclusive and environmentally sustainable growth across Nigeria. The framework establishes a strong foundation for aligning BOI’s financing activities with global sustainability goals and leading Environmental, Social, and Governance (ESG) practices.

Designed to empower Nigerian enterprises, the framework aligns with BOI’s 2025–2027 corporate strategy, which prioritizes long-term development impact, environmental stewardship, social inclusion, and the creation of shared value—while addressing both national and global challenges.

“This framework marks a significant milestone in our journey to become a fully sustainable development finance institution,” Managing Director/CEO, BOI Dr. Olasupo Olusi.

He added: “It reflects our strategic intent to finance enterprises that deliver both economic value and measurable social and environmental benefits.

The Framework is aligned with key global and national sustainability principles, including:

•The UN Sustainable Development Goals (SDGs);

•The Paris Agreement;

•The Principles for Responsible Banking; and

•The Nigerian Sustainable Banking Principles (NSBP)

It also integrates the BOI’s internal ESG frameworks, including its ESG and Corporate Social Responsibility (CSR) policies, which guide the Bank’s sustainability management practices.

At the heart of this framework is BOI’s adoption of a triple-bottom-line model focused on People, Planet and Profit, ensuring, its investments generate financial returns alongside inclusive and environmental outcomes.

The framework will enable the Bank to programmatically raise Green, Social and Sustainability Bonds and Loans, in line with the latest applicable International Capital Market Association (ICMA), Loan Market Association (LMA) and Loan Syndications and Trading Association (LSTA) principles and guidelines.

The framework has been independently evaluated by S&P Global Ratings, which issued a Second Party Opinion (SPO) affirming its alignment with international sustainable finance principles. This validation enhances BOI’s credibility among institutional investors seeking impactful ESG-aligned opportunities in emerging markets.

Through this framework, BOI aims to support businesses committed to sustainable practices, unlock access to blended and concessional capital, and advance national priorities such as climate resilience, job creation, gender inclusion, and export diversification.

It will further enable the Bank to scale its impact across priority sectors including renewable energy, clean transportation, agro-processing, healthcare, education, and digital infrastructure.