BUSINESS • COMMUNITY • IMPACT
Stanbic Bank of Botswana LEADING THE CHARGE IN FOSTERING AN EFFECTIVE SEE FRAMEWORK
S - LEADING IN THE BUSINESS OF CSR
tanbic Bank of Botswana continues to lead the charge in responding to the needs of the communities it is operating in, covering key aspects of economy such as education and youth empowerment. The Responsible CITIZEN Magazine caught up with Stanbic Bank Communications Manager RUTH SIBANDA and Head of Accelerate Incubator LARONA MAKGOENG to discuss the banking institutions take on the impetus behind its Social, Environmental and Economic (SEE) framework.
TRC: What are some of the SEE projects that Stanbic Bank Botswana have embarked on?
It is perhaps important to first get a sense of how creating shared value fits into our model. We’ve adopted a Social, Environmental and Economic (SEE) framework as the value drivers which inform our strategy, and against which we measure our performance. Our sustainability and success are inextricably linked to the prosperity and wellbeing of all. To achieve our Purpose (Botswana is our home; we drive her growth), our core business activities must support and contribute to this prosperity and wellbeing. The reality facing us is that the Bank’s business activities have wide and far-reaching SEE impacts in the economies and communities in which we operate. We are committed to understanding these impacts, which are direct and indirect, and using this understanding to inform our decision-making at every level. This enables us to maximise the positive impacts of our business, and minimise and mitigate the negative impacts, while simultaneously generating new business opportunities and financial returns for the group. In 2019, we identified 6 impact areas in which we believe that Stanbic Bank can make a significant positive SEE impact across our strategy period: education, financial inclusion, infrastrucTHE RESPONSIBLE CITIZEN | BUSINESS • COMMUNITY • IMPACT
