Social Responsibility
UBA Foundation
As one of West Africa's largest and most profitable banks, there is a need for a social contract between the bank, the community and its people. United Bank for Africa became the first bank in Nigeria to institute a foundation, UBA Foundation. Funded with 1% of PBT, UBA Foundation is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Environment, Education, Economic Empowerment and Special projects ("EEES"). More specifically:
- Environment (beautification, waste-management systems, etc.);
- Education (the provision of tertiary scholarships, learning interventions and events, etc.);
- Economic Empowerment (providing facilities and amenities, employing street people to assist with cleaning and gardening services, enabling micro-credit schemes to budding traders);
- Special Projects (various community development initiatives and infrastructure projects). UBA Foundation has been recognized with a number of awards such as the SIAO, Emerging Top in Corporate Social Responsibility(CSR) Award.
Read more about this topic: United Bank For Africa
Famous quotes containing the words social responsibility and/or social:
“If you complain of people being shot down in the streets, of the absence of communication or social responsibility, of the rise of everyday violence which people have become accustomed to, and the dehumanization of feelings, then the ultimate development on an organized social level is the concentration camp.... The concentration camp is the final expression of human separateness and its ultimate consequence. It is organized abandonment.”
—Arthur Miller (b. 1915)
“In the Church, considered as a social organism, the mysteries inevitably degenerate into beliefs.”
—Simone Weil (1909–1943)