FBC Holdings takes strides towards climate action

The Environment - In a move towards environmental stewardship and climate resilience, FBC Holdings Limited has unveiled its comprehensive commitment to combat climate change and foster sustainability within its operations and beyond.

The financial institution’s public statement highlights the financial institution’s awareness of the imminent threat posed by climate change to national development goals and its determination to play a proactive role in mitigating its adverse impacts.

“FBC Holdings limited is aware of the threat that climate change poses to the country’s attainment of a prosperous and empowered upper middle-income society by 20230 and stands ready to adapt to the unpredictable extreme weather events and their effects. Recognising how important immediate climate action is, the Group has pledged to play a pivotal role in reducing the negative effects of climate change on vulnerable communities, thereby increasing their adaptive capacity,” read the statement.

Central to FBC’s climate finance and sustainability strategy are five key areas that form the bedrock of its climate-positive agenda.

“FBC targets to always participate in national climate initiatives and influence policy changes that promote a low carbon transition as well as support national development priorities and the Paris Agreement’s goals. The group targets to increase its portfolio of renewable energy assets and climate smart agriculture.

“The Group recognises that addressing climate change requires a collaborative approach and therefore, we commit to continuously engage and work with all stakeholders to encourage, fund and support the transition to low-carbon development pathways and business models. We will take measures to reduce our own carbon footprint by implementing and investing in energy efficiency measures in our operations and supply chain.

“We commit to always communicate our environmental, social and governance performance to all stakeholders in a transparent and consistent manner, that is in line with regulatory requirements,” the statement said.