Despite the growing speculations that the end is nigh for the notion of CSR , the emergence of a new generation of corporations solving social and environmental problems have increasingly shown that CSR may be one of the best hopes for a sustainable future.
Ecobank, one of the major corporations leading the way in CSR, founded the Ecobank Foundation in 1985 with a clear cut focus on exploring ways to meet societal challenges around health, education and financial inclusion.
The creation of the foundation was an extension of the Pan-African bank’s transformation journey to focus on social transformation. Since it was established, the foundation has donated significantly to philanthropic causes, strengthening the communities in which it operates. To further enhance and drive its CSR strategy, the foundation was re-launched in 2015 to reassess its focus areas of development work in the communities in which it operates.
As CEO, Ecobank Foundation, Julie Essiam’s job is really like any business leader with one important distinction, she’s always applying business thinking to social challenges.
When did Ecobank start paying attention to corporate social responsibility? When Ecobank was created in 1985, the founding members outlined a vision with a dual objective – to create a world-class pan African bank, and to contribute to the economic development and financial integration of the continent.
Subsequently, the Ecobank Foundation was created to drive the social transformation of the communities that we serve; and the communities in which the bank operates. Building on the founding fathers vision, in 2015, Ecobank revamped its Foundation strategy to ensure that it becomes an impact driven foundation, with a focus on health, education and financial inclusion. What is the main goal of the Ecobank Foundation? Ecobank Foundation aims to lead and drive an impactful transformation across the communities that it serves, and across the continent.
Author: Staff Writer