Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International
Banker 2024 Banking Awards, retaining the title for the second consecutive year.
Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith
Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to be recognised as
the Most Sustainable Bank in Nigeria for the second time in a row. This prestigious award
underscores our steadfast commitment to sustainability and reinforces our belief that
responsible banking is essential for long-term success and societal impact.”
She dedicated the award to the Founder and Chairman of Zenith Bank Plc, Dr. Jim Ovia,
CFR. She lauded the Bank’s stakeholders for their commitment and unwavering support in
ensuring that Zenith remains a highly successful institution. She said, “This remarkable
achievement is a testament to the visionary and impactful leadership of our Founder and
Chairman, Dr. Jim Ovia, CFR. His exceptional foresight and dedication have been the
cornerstone of our success. His ability to inspire and guide with strategic acumen has been
instrumental in steering Zenith Bank to new heights. Along with the strategic guidance of our
esteemed Board members, the unwavering commitment of our ever-diligent staff, and the
steadfast support of our loyal customers, Dr. Ovia’s leadership has been pivotal in
transforming our sustainability initiatives into a reality. We owe this success to his relentless
pursuit of excellence and his deep-seated commitment to redefining the banking landscape
in Nigeria.”
This recognition reaffirms Zenith Bank’s position as a trailblazer in sustainable banking
practices, setting a benchmark for excellence within the Nigerian banking industry and
beyond. The Bank has been a leader in monitoring and reporting sustainability impact.
Since becoming the first Bank in Africa to publish a stand-alone sustainability report in
accordance with the GRI Standards: Core Option in 2016, Zenith Bank has consistently
published assured stand-alone sustainability reports. The Bank is one of the few institutions
in Nigeria that tracks its carbon emissions using a certified tool built on the internationally
recognised Greenhouse Gas (GHG) Protocol.
Zenith Bank is deeply committed to environmental, social, and governance (ESG) values,
subscribing to the Triple Bottom Line principle, which encompasses People, Planet, and
Profit. As a leading financial institution that services various sectors of the economy, the
Bank considers Environmental and Social (E&S) risk management critical to its
sustainability strategy.
Zenith Bank’s track record of excellent performance has continued to earn the brand
numerous awards, including being recognised as Best Bank in Nigeria for the fourth time in
five years, from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks
Awards; the Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; being
listed in the World Finance Top 100 Global Companies in 2023; being recognised as the
Number One Bank in Nigeria by Tier-1 Capital for the 14th consecutive year in the 2023 Top
1000 World Banks Ranking published by The Banker Magazine; Best Commercial Bank,
Nigeria, for three consecutive years from 2021 to 2023 in the World Finance Banking
Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate
Governance Awards 2022 and 2023; Bank of the Year (Nigeria) in The Banker’s Bank of the
Year Awards 2020 and 2022; Best in Corporate Governance Financial Services Africa for
four successive years from 2020 to 2023 by the Ethical Boardroom; Most Sustainable Bank,
Nigeria in the International Banker 2023 Banking Awards; Best Commercial Bank, Nigeria
and Best Innovation in Retail Banking, Nigeria in the International Banker 2022 Banking
Awards.
Additionally, the Bank emerged as the Most Valuable Banking Brand in Nigeria in the
Banker Magazine Top 500 Banking Brands 2020 and 2021; Bank of the Year 2023 and
Retail Bank of the Year for three consecutive years from 2020 to 2022 at the BusinessDay
Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named
Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021
by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most
Responsible Organisation in Africa 2021 by SERAS.
Published by Finance Publishing Limited, the International Banker Magazine, United
Kingdom, is a leading global source of authoritative analysis and opinion on banking,
finance and world affairs. Its influence, integrity, accuracy and objective opinion have
earned it global recognition. The International Banker Awards strive to recognise the most
worthy financial institutions around the world – those not just doing their jobs well but
exceptionally well – those operating at the industry’s cutting edge and setting new
performance levels to which others will aspire. The 2024 Banking Awards focused on
various criteria, including the provision of much-needed capital for economic growth, cutting-
edge innovation to enhance security and efficiency, commitment to sustainability and ESG
principles, as well as intelligent investing to maximise profits and shareholder value.
