FCMB Group PLC

 

Lagos, Monday, September 7, 2012 - First City Monument Bank Plc (FCMB) in collaboration with Students in Free Enterprise (SIFE) and the Service to Humanity Foundation (STHF) has commenced the second phase of its Evergreen Project in 10 communities in Katsina State which aims to tackle desertification in the state.

Evergreen Project is an FCMB Corporate Social Responsibility initiative which   integrates economic empowerment with genuine environmental sustainability drive, engineering a behavioural change through sensitisation, advocacy and training on sustainable alternative. It reduces the demand for firewood as well as reduces carbon emissions with the introduction of the Save80 Stove and the Briquettes made from combustible waste.

This year’s exercise will involve the training of 200 beneficiaries from Mai’Adua and Kaita local government areas in the making of briquettes and the use of save80 stoves, distribution of 250 Save80 Stoves to further ensure the adoption of environmentally friendly lifestyle changes and emission reduction, and supporting the governor’s skills acquisition drive by empowering 10 selected youths from the Craft Village to be awarded seed capital.

In 2011, FCMB worked with SIFE and the STHF to implement the first phase of the project. The briquette making machines were designed and produced by SIFE while the Save80 stoves were supplied by BIA (a Nigerian social enterprise) which has an understanding with Atosfair (A German Climate Protection Oganisation which is specialized in carbon offsetting under the United Nation’s Clean Development Mechanisms (CDM)).

FCMB’s Group Head, Corporate Communications, Mr. Ikechukwu Kalu said “over the years, FCMB has actively invested in the communities with which it has established business relationships not only for the purpose of sustaining mutual interest over a long term but also because it sees the need to give back as a moral obligation”.

FCMB’s Corporate Social Responsibility (CSR) is focused on the three areas of Poverty Alleviation, Economic Empowerment and Environmental Sustainability. Since the inception of our CSR unit, the bank has ensured the activation of projects which positively impact communities all across the nation. The bank has also ensured the activation of its Commitment-to-Green (C2G) in all branches across the country.

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