Potential offtaker

Wema Bank Plc

www.wemabank.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Wema Bank Plc is a Nigerian financial institution that has been in operation since 1945. The bank is headquartered in Lagos, Nigeria, and has over 136 branches across the country. Wema Bank Plc is a publicly traded company, and its shares are listed on the Nigerian Stock Exchange.

As a financial institution, Wema Bank Plc operates in the banks sector, providing a range of banking services to its customers. These services include personal and business banking, savings and current accounts, loans and mortgages, and investment services.

Wema Bank Plc is committed to sustainability, and it has taken steps to reduce its carbon footprint and promote decarbonisation. The bank has implemented a number of energy efficiency measures in its branches and offices, including the use of energy-efficient lighting and HVAC systems. Wema Bank Plc has also invested in renewable energy sources, such as solar panels, to generate clean energy for its operations.

In addition to reducing its own carbon footprint, Wema Bank Plc is also working with its corporate clients to promote corporate energy sustainability. The bank offers corporate power purchase agreements (PPAs) to its clients, which enable them to purchase renewable energy directly from the source. This helps to reduce their carbon footprint and promote the use of renewable energy in Nigeria.

Wema Bank Plc has also partnered with renewable energy companies to provide financing for renewable energy projects. The bank provides loans and other financial services to companies that are involved in the development and implementation of renewable energy projects in Nigeria. This helps to promote the growth of the renewable energy sector in the country and reduce Nigeria's reliance on fossil fuels.

Wema Bank Plc is committed to promoting sustainability in all aspects of its operations. The bank has implemented a number of initiatives to reduce its environmental impact, including the use of paperless banking and the promotion of digital banking services. Wema Bank Plc also encourages its customers to adopt sustainable practices, such as reducing their energy consumption and recycling.

In conclusion, Wema Bank Plc is a Nigerian financial institution that operates in the banks sector. The bank is committed to promoting sustainability and reducing its carbon footprint. Wema Bank Plc has implemented a range of energy efficiency measures and invested in renewable energy sources to generate clean energy for its operations. The bank also offers corporate PPAs and provides financing for renewable energy projects to promote sustainability among its corporate clients. Wema Bank Plc is dedicated to promoting sustainability in all aspects of its operations and encourages its customers to adopt sustainable practices.

✓ Declared Net Zero commitment