5 benefits of having a sustainability strategy for your business

5 benefits of having a sustainability strategy for your business

On this side of the world, sustainability isn't much thought of in businesses but driving greater sustainability is critical for Africa's growth hopes.

People often think only about multi corporations and Fortune 500 companies when sustainability comes up. That's so far from the truth. In today's world, businesses of all sizes have to create a sustainable future through their actions.
On this side of the world, sustainability isn't much thought of in businesses but driving greater sustainability is critical for Africa's growth hopes.

Sustainability in business

Sustainability in business is simply how a business impacts the environment or society. Companies develop a sustainability strategy to have this impact. Companies like Apple, Google, Meta, and Uber have sustainability strategies.

Take Apple, for instance; the company's sustainability goal is to lessen the effect of climate change. To achieve that goal, Apple is investing in some fantastic ideas for Carbon removal. For production, Apple wants to use clean energy across its supply chain and aims to reach net-zero carbon emission by 2030. Read More : https://blog.fincra.com/sustainability-strategy-for-your-business/

It doesn't have to be about climate like Apple; businesses can focus on several other global issues for their sustainability strategies.

Like income inequality, human rights issues, fair working conditions, pollution, racial injustice, and gender inequality. As a business, it's essential to show concern about issues affecting your environment and communities and act on those concerns.

Businesses often focus on financial profitability. How do we make more money, sell more products, and get more customers? While these are also pertinent questions in businesses, having a sustainability strategy is of more importance.

The factors fuelling the spread of agency banking services in Nigeria

In Nigeria, this financial service model has solved problems for the millions of unbanked people, especially in rural areas. Agency banking is a financial service that delivers to the last mile using human agent networks or merchants. These agents perform services on behalf of an entity like Fincra. The most common tool agency banking agents use in Nigeria is the point-of-sale (POS) machines.

In Nigeria, this financial service model has solved problems for the millions of unbanked people, especially in rural areas. Thanks to agency banking, access to financial services in a largely poor mass market have deepened. With the cost and complexities of setting up and running branches, the traditional banking system has maxed out on its reach, causing financial services to elude millions of people living in rural areas.

In Nigeria, startups, telecoms and even traditional banks have used agency banking to plug the obvious gaps for the unbanked to significant success. Read More : https://blog.fincra.com/agency-banking-services-in-nigeria/

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