Sterling Bank Plc has received recognition from Wecyclers Nigeria Limited for its commitment to the sustainable implementation of the Nigerian Sustainable Banking Principles (NSBPs), through its Sterling Environmental Makeover (STEM) programme and the recycling of waste materials at its Lagos head office.

Wecyclers Nigeria, Nigeria’s pioneer waste recycling firm, gave the endorsement at the ceremony organised to mark one year of Sterling
Bank’s waste recycling initiative held in Lagos.

Chief Executive Officer, Wecyclers, Mr. Wale Adebiyi, said of the 6,024 kilogrammes of waste materials that were sorted, segregated and separated between November 2016 and November 2017, Sterling Bank earned 38,718 Redeemable Green Points.

Adebiyi said waste materials were separated into cans of 98.1
kilogrammes, PET bottles of 3.496 kilogrammes and sachets of 3.2
kilogrammes, while other waste materials such as cards, cardboards, papers and random plastics cumulatively accounted for 2.426
kilogrammes.

Chief Marketing Officer. Sterling Bank, Mr. Henry Bassey, said he was quite excited about the recognition given to the various initiatives that the bank has embarked on over the years to promote environmental sustainability practices.

Bassey said the bank has also inaugurated the ReCyclart competition to promote environmental sustainability. He disclosed that 16 finalists who emerged after the screening of entries have been invited to make a miniature version of their proposed works.

He said four grand prizewinners would eventually emerge from each zone including Lagos, Ogun, Rivers and Abuja. Each of the winners would be rewarded with N1,000,000 and sponsored on a solo installation/exhibition in one public park or space.