Stanbic IBTC: Making Meaningful Impact Through CSI

Stanbic Corporate Social Investment

By Adedapo Adesanya

Stanbic IBTC Holdings Plc stepped up its Corporate Social Responsibility (CSR) last year through its Corporate Social Investment (CSI) by expanding the scope of its flagship activity, Together4Limb.

During the year, the programme, which entered its fifth edition, reached out to more beneficiaries, about 10, which is the highest number since the initative commenced in 2015.

According to the Chief Executive Officer (CEO) of Stanbic IBTC Bank, Mr Demola Sogunle, the increase commemorated with the 30th anniversary of the financial group.

He also explained that the bank’s CSI initiative involves its employees taking the lead by pitching and donating from their personal funds to support the execution of several projects. The bank then matches their contributions and together they execute projects that benefit the society.

Through this, the CSI has been able to support in the areas of health, education and economic empowerment for the last five years in Nigeria.

In the health aspect of the initiative, with organisation came up with Together4ALimb Walk, an initiative the company provides prosthetic limbs to children from underserved communities suffering from limb loss and other orthopedic issues.

At the education investment extension, each beneficiary in 2019 was awarded an Educational Trust worth N1.5 million to enable them further their education with ease.

The CSI project also renovated schools and health centres/hospitals and donated items such as computers, sewing machines, wheelchairs, crutches, clippers, toiletries, food items and medical equipment, among others.

Some of the touched communities also got fully functional borehole projects with overhead tanks and some teachers got paid their salary for one year.

Stanbic IBTC Holdings PLC reiterated its commitment towards contributing to Nigeria’s socio-economic development and to help the nation move forward.  The firm said that it will continue on its path to foster community-based partnerships, while encouraging its employees to participate voluntarily in life-changing initiatives.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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