Union Financial institution wins greatest office award

Union Bank of Nigeria has been named Greatest Firm in Office Observe on the Sustainability, Enterprise and Accountability Awards.

In a press release from the lender on Thursday, the award was offered to the financial institution on the ceremony which occurred in Lagos.

This recognition adopted a complete evaluation by SERAS multinational unbiased judges who rigorously evaluated candidates’ Company Social Accountability and sustainability initiatives.

Union Financial institution acquired nominations throughout 4 classes: SERAS Schooling Intervention of the Yr, Greatest Firm in Office Observe, Greatest in Gender Fairness and Ladies Empowerment, and Greatest Firm in Reporting and Transparency.

 The Financial institution additionally achieved first runner-up positions in each the Gender Fairness and Ladies Empowerment and Instructional Intervention classes, highlighting the power of its dedication to those essential areas.

A part of the consideration for the award contains Union Financial institution’s introduction of 5 months of totally paid maternity go away, exceeding statutory necessities, and the institution of an on-site crèche. The Financial institution additionally recorded its highest promotion fee in ten years, with 24 per cent of staff advancing throughout departments. A big 40 per cent wage improve additional enhanced worker monetary wellbeing, diminished financial pressures and boosted productiveness.

The judges recognised Union Financial institution’s initiatives for producing substantial social worth, significantly in advancing gender equality via complete maternity advantages aligned with Sustainable Improvement Purpose 5. Enhanced wellness programmes that includes psychological well being help and versatile working preparations fostered a extra inclusive office, enhancing total workers wellbeing. The Financial institution’s prioritisation of worker and household wants created constructive ripple results all through the broader neighborhood.

Commenting on the award, Chief Model and Advertising Officer at Union Financial institution, Olufunmilola Aluko, said, “Our office initiatives are firmly anchored in our triple pillar mannequin of Citizenship, Sustainability and Innovation, which underpins our dedication to accountable monetary, environmental and socio-economic growth. This framework empowers us to champion greatest practices throughout the sector. The measurable outcomes, together with enhanced worker satisfaction, elevated productiveness and important progress in gender inclusion, show the power and adaptableness of our method.

“We’re assured these efforts will proceed driving constructive social transformation throughout Nigeria. Union Financial institution is deeply honoured by this recognition from SERAS and all sustainability stakeholders, and we stay devoted to advancing these important initiatives.”

Now in its nineteenth yr, SERAS has persistently established the benchmark for company social duty and sustainability excellence. This yr’s version, themed ‘Sustainability 2.0: Innovating for Affect and Inclusive Progress’, celebrated company entities and leaders who pushed artistic, technological and strategic boundaries to ship measurable neighborhood and business influence.