The Bank of Industry (BOI) has launched a Sustainable Finance Framework to support inclusive economic development and climate resilience across Nigeria. Described as a strategic blueprint, the framework is designed to align BOI’s financial operations with global sustainability goals and environmental, social, and governance (ESG) standards.
In a statement released Saturday, the bank noted that the new framework supports its 2025–2027 corporate strategy, which emphasises long-term development impact, social inclusion, environmental responsibility, and the creation of shared value. The initiative is part of BOI’s wider ambition to evolve into a fully sustainable development finance institution.
BOI’s Managing Director and CEO said the framework represents a major step in ensuring the bank finances projects that generate both economic returns and tangible social and environmental benefits. It reflects the bank’s alignment with key global and national sustainability benchmarks, including the United Nations Sustainable Development Goals (SDGs), the Paris Agreement, the Principles for Responsible Banking, and Nigeria’s Sustainable Banking Principles.
The new framework incorporates BOI’s internal ESG and Corporate Social Responsibility policies and is built on a triple-bottom-line approach—People, Planet, and Profit. This model aims to ensure that BOI’s investments yield inclusive and environmentally sound outcomes while remaining financially viable.
BOI said the framework would serve as a foundation for raising Green, Social, and Sustainability Bonds and Loans, in line with international principles set by the International Capital Market Association (ICMA), the Loan Market Association (LMA), and the Loan Syndications and Trading Association (LSTA). The framework has already received an independent second-party opinion from S\&P Global Ratings, which confirmed its alignment with international standards—an endorsement that strengthens BOI’s credibility among ESG-conscious institutional investors.
By launching this framework, BOI aims to attract blended and concessional capital to support businesses committed to sustainable practices. The bank is particularly focused on national priorities such as climate resilience, gender inclusion, job creation, and export diversification.
The initiative is expected to accelerate BOI’s impact in sectors like renewable energy, clean transportation, agro-processing, healthcare, education, and digital infrastructure.
As Nigeria’s oldest and largest development finance institution, BOI provides financial and advisory support across 33 states to foster the growth, expansion, and modernisation of large, medium, and small enterprises.
