Zenith Bank Emerges First Nigerian Bank To Repeatedly Audit Its Carbon Emissions


Zenith Bank Plc was bestowed with a Certificate for Greenhouse Gas Auditing by V4 Advisors following successful completion of the Bank’s Greenhouse Gas Audit for the 2018 Financial Year. The portrayal of the certificate and the report of the Auditors was performed by V4 Advisors at the Zenith Bank Head Office on May 21, 2019.

The Executive Director, Dr Temitope Fasoranti, who accepted the certificate on account of the Bank said the Bank started this effort with the 2016 Financial Year and has carried out three greenhouse gas audits to date.  He emphasised that the Bank understands the relationship between greenhouse gas emission and climate change and appreciates the role it is expected to play towards combating the menace of climate change.

Also speaking on the milestone, the Country Manager, Lynsey Elston highlighted that Zenith Bank is the first Nigerian bank to consecutively report the carbon emissions of their Head Office in Lagos using a certified tool which is built on the internationally recognized “GHG Protocol”.

She commended the bank for proving its commitment to the United Nations Global Compact (UNGC) Goal 13, Climate Action, in addition to complying with the Global Reporting Initiative (GRI) Standards.”  In reply to her, the Executive Director said the initiative has significantly improved the bank to reduce its overall carbon footprints and drive energy efficiency.

V4 Advisor is a UAE-based provider of advisory and consulting solutions on climate change and greenhouse gas emissions. The firm’s calculation and reporting tool have been reviewed by the World Resources Institute (WRI) for conformance with the GHG Protocol Corporate Standard.