I&M Group talks sustainability agenda & deepening financial inclusion

The African banking landscape is evolving, with sustainability at the core of the agenda to achieve the Sustainable Development Goals. Gauri Gupta, Group Executive GM, Corporate Advisory at I&M Group PLC, sheds light on the group's innovative approach towards sustainability and financial inclusion. At I&M, sustainability has always been a priority, but recent years have seen a formalized and structured approach to embedding sustainability into the overall strategy. The group aspires to impact 50 million lives by 2030, with a three-year target of 10 million lives. This ambitious goal is divided into three pillars: financial inclusion, sustainable operations, and enhancing the quality of life. Financial inclusion efforts focus on digital lending, MSME support, green finance, and agri-finance to reach the last mile. Operational sustainability involves energy, water, and paper consumption, along with an emphasis on diversity, equity, and inclusion initiatives. Collaborations with partners play a crucial role in promoting green and agri-financing, enabling the distribution of renewable energy and supporting grassroots initiatives. The INM Foundation, established in 2018, drives social impact through environmental conservation, education, economic empowerment, and community engagement. Strong governance structures ensure accountability and effectiveness in sustainability efforts. The group's high corporate governance standards, independent board oversight, and financial contributions from subsidiaries towards impact initiatives underscore a commitment to measurable and impactful sustainability practices. Reporting and disclosure mechanisms provide transparency to stakeholders, reinforcing the group's dedication to making a positive difference in the communities they serve.