A
High risk
Significant, diverse or irreversible impacts beyond the site.
Full ESIA and ESMP, external E&S expertESG and safeguards
How we ensure responsible financing.
Housing is the ultimate protection for people, directly influencing their safety, health and wellbeing. Rapid urbanisation across Nigeria has not been matched with adequate infrastructure, leaving significant housing and infrastructure deficits.
But housing development at scale carries real environmental and social risk. The built environment is one of the most resource-intensive sectors, responsible for a substantial share of energy-related carbon emissions, and irresponsible practices on construction sites can undermine the safety, wellbeing and human rights of workers and communities.
That is why Environmental, Social and Governance (ESG) considerations are central to our financing strategy.
Pilot Social Housing Programme, Kaduna: energy-efficient homes
How we apply it
How every project is screened, financed and monitored
Assess
Approve
Monitor
Assess · Step 1 of 6
Screening
Every proposal is checked against our Exclusion List. Anything on the list is declined, and the client is told the E&S requirements it will have to meet.
- Responsibility
- Investment team, with the E&S Manager
- Output
- Exclusion List check
Risk categories
Set at screening and confirmed after due diligence. The category decides how deep the assessment goes.
B
Medium risk
Limited, site-specific and largely reversible impacts.
ESIA or ESMP and mitigation measuresC
Low risk
Minimal or no adverse impacts.
Limited review by our E&S ManagerFIGraded
Intermediaries
Mortgage lenders and other intermediaries.
Graded FI-A, FI-B or FI-C by portfolio riskGovernance
Policies and oversight
Board oversight
Environmental and social oversight sits with the Board, exercised through its Audit and Risk Committee, and is executed by management through the E&S Manager. It is supported by the wider governance framework that applies to our clients and business relations, stakeholder engagement, project financing and management.
Policy documents
The frameworks that guide how we screen, finance and monitor every project.
Grievance redress
Raise a concern about a project
We acknowledge every complaint within five working days, investigate, and tell you the outcome. Your name is optional.