Businesses should Adopt Environment-Friendly Policies

IFE ADEDAPO examines initiatives that corporate organisations can implement to make their environment sustainable

Businesses cannot afford to overlook the well-being of the communities where they operate; hence significant community development investments abound in the country.

However, managing the direct and indirect environmental impact of business activities is one critical responsibility that companies are believed to owe the society where they operate, especially now that the issue of climate change is in the front burner globally.

Beyond spending money to create opportunities for advancement and growth, analysts say embracing environment-friendly practices has become very imperative.

 

In other words, minimising carbon footprints, achieving carbon neutrality, promoting wildlife/biodiversity conservation, among others, are areas of impact analysts say businesses need to consider.

The Group Head, Marketing and Corporate Communications, First Bank, Mrs. Folake Ani-Mumuney, in an interview with our correspondent, says that businesses must contribute to environmental sustainability.

According to her, FBN Holdings Plc has identified key priority areas that will boost the company’s environmental sustainability stance.

Green initiatives and tree planting

Insurers face exit fees investigation

Major insurers are being put under the spotlight after a regulator found that customers may have been unaware of life insurance exit fees.

 

The Financial Conduct Authority (FCA) said it had found examples of poor practice in the treatment of customers with so-called zombie policies.

These are held by long-standing clients and are closed to new customers.

The FCA is worried about how exit fees and charges were explained to customers.

These included "paid-up fees", where customers stop paying premiums but are still in the policy.

The fresh investigation will focus on the explanation of charges after December 2008 at six firms - Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows.

Nigeria 2016 Budget will include new policies- Buhari

The 2016 National Budget will include fresh policies and measures to encourage the rapid diversification of the Nigerian economy away from its current over-dependence on the oil and gas sector, President Muhammadu Buhari disclosed Monday in Abuja.

 
He also assured that under his watch, Nigeria will not fall short of international standards in the protection of foreign investments and the repatriation of returns on such investments.

Three Nillion Nigerians have Insurance Policies

 

The Commissioner for Insurance, Fola Daniel, on Tuesday said over three million Nigerians have insurance policies.

Daniel, while commenting on efforts by National Insurance Commission (NAICOM) to ensure better penetration of insurance in the country, revealed that Nigerians holding insurance policies earlier were less than a million.