Responsible Lending & Procurement

FirstBank has put in place environmental, social and governance management systems ESGMS. This encompasses a policy, a set of guidelines that ensures all transactions that the Bank is considering funding include adequate provision for actions necessary to prevent, control and mitigate negative impacts on the environment and communities, and to improve environmental quality.

The ESGMS process is currently being aligned with FirstBank new credit workflow. The goal is to ensure efficiency through automation as relevant implementation documents such as the environmental, social and governance risks screening checklist (which is to be completed by a relationship manager and verified by analyst against the EIA report) will be fully automated (see CR&S report for details).