We want to be the 1st Bank of all the Angolans, focusing on transformation, people and in the creation of economic and social value, through innovative and sustainable solutions.
We want to be the 1ST Bank of all the Angolans, focusing on transformation, people and in the creation of economic and social value, through innovative and sustainable solutions.
Navigate through each one of the areas to find more details and specific data
Navigate through each one of the areas to find more details and specific data
We are excited to share our Sustainability Report, which marks an important milestone in our ESG journey. We are fully aware that We are laying the foundation of a long-term commitment that will start a process of mobilization of our Employees, our Clients and all our Stakeholders, which transcends time and space. We believe that our efforts today for a "More Prosperous Angola" are not limited to the present, but will certainly shape our future.
Luís Roberto Gonçalves | BFA’s CEO
Luís Roberto Gonçalves
BFA’s CEO
We are excited to share our Sustainability Report, which marks an important milestone in our ESG journey. We are fully aware that we are laying the foundation of a long-term commitment that will start a process of mobilization of our Employees, our Clients and all our Stakeholders, which transcends time and space. We believe that our efforts today for a "More Prosperous Angola" are not limited to the present, but will certainly shape our future.
Financial Inclusion and Literacy
Promotion of Multichannel and Digitalisation
Technological Innovation
Community Support
1900k users
reached in 2022
Which have positively contributed to society, supporting initiatives with impact on disadvantaged communities in Angola.
launched in 2022, the application focuses on improving the mobile services provided and has incorporated new features that have broadened the range of products and services available through this new app.
4 979
Education kits containing emergency supplies
3 000
Children admitted for treatment of severe acute malnutrition, of which 47.5% were successfully treated
Financial Inclusion and Literacy
Promotion of Multichannel and Digitalisation
Technological Innovation
Community Support
1900k users
reached in 2022
Which have positively contributed to society, supporting initiatives with impact on disadvantaged communities in Angola.
launched in 2022, the application focuses on improving the mobile services provided and has incorporated new features that have broadened the range of products and services available through this new app.
Education kits containing emergency supplies
Children admitted for treatment of severe acute malnutrition, of which 47.5% were successfully treated
Human Capital Empowerment, Attraction and Retention
Team Members’ well-being, health and safety
Equality, Diversity and Inclusion
39
Average number of training hours per Team Member
89%
Team Members with performance assessment
47%
female with Board Director and Executive Management functional positions
including prostate cancer screening - Blue November (an initiative previously undertaken by the Bank), breast cancer screening (Pink October), diabetes and hypertension
Human Capital Empowerment, Attraction and Retention
Team Members’ well-being, health and safety
Equality, Diversity and Inclusion
Average number of training hours per Team Member
Team Members with performance assessment
female with Board Director and Executive Management functional positions
including prostate cancer screening - Blue November (an initiative previously undertaken by the Bank), breast cancer screening (Pink October), diabetes and hypertension
Effective corporate governance practices
Integration of ESG Risk Factors into the Risk Management Framework
Development of Sustainable Products with Environmental and Social Value
Expenditure share on local suppliers
Team Members trained in anti-bribery and corruption procedures and processes in 2022
100%
Team Members to whom anti-bribery and corruption policies and procedures have been disclosed in 2022
0,3%
BFA’s total products and services offering with social benefits
Effective corporate governance practices
Integration of ESG Risk Factors into the Risk Management Framework
Development of Sustainable Products with Environmental and Social Value
Expenditure share on local suppliers
Team Members trained in anti-bribery and corruption procedures and processes in 2022
Team Members to whom anti-bribery and corruption policies and procedures have been disclosed in 2022
BFA’s total products and services offering with social benefits
Operational Eco-Efficiency
46,7
m3
per Team Member
48
GJ
per Team Member
3,7
tCO2e
per Team Member
Operational Eco-Efficiency
46,7 m3 per Team Member
48 GJ per Team Member
3,7 tCO2e per Team Member
BFA considers the materiality analysis a strategic tool with implications beyond the sustainability reporting exercise, shedding light on the topics that should become a priority for the institution regarding sustainability.
The materiality analysis took into consideration the following steps:
1
Benchmark & Industry analysis
2
A broad array of initial and /or introductory material topics
3
The performance of a round of consultations with external and internal stakeholders
4
Final materiality framework
Sustainable Finance and ESG Risk Management (1)
Sustainable Products with Environmental and Social Value (3)
Human Capital Empowerment, Attraction and Retention (4+5)
Equality, Diversity and Inclusion (*)
Team Members’ well-being, health and safety (6)
Effective corporate governance practices (7)
Financial Inclusion and Literacy (13)
Technological Innovation (15)
Multichannel and Digitalisation (16)
Operational Eco-Efficiency (22)
* This topic was added later due to its importance for the bank’s strategy
BFA considers the materiality analysis a strategic tool with implications beyond the sustainability reporting exercise, shedding light on the topics that should become a priority for the institution regarding sustainability.
1.
Benchmark & Industry analysis
2.
UA broad array of initial and /or introductory material topics
3.
The performance of a round of consultations with external and internal stakeholders
4.
Final materiality framework
Click here to visualize the graph that compares priority topics in terms of impact for BFA’s business and importance for stakeholders.
Aimed at continuous improvement in its sustainability reporting, BFA invites its stakeholders to share their feedback through the following email: bfa@bfa.ao
Aimed at continuous improvement in its sustainability reporting, BFA invites its stakeholders to share their feedback through the following email: bfa@bfa.ao
Download report
BFA recognizes that to be successful in its sustainability journey, it needs the engagement and participation of all stakeholders through active communication and dialogue. This communication is based on a narrative of “interconnected communities,” symbolized and illustrated through traditional and visual elements of Angolan culture (the sand drawings of the Quiocos and thesymbol of “tshota”). The presence of these elements in the sustainability journey aims not only to emphasize the importance of ancestral knowledge in this process but also to facilitate communication through family ties, which help convey new ideas.
In accordance with the corporate goals set by BFA, the Re-port and its publication have been tailored and developed to take into account sustainability practices in terms of design and communication, particularly with regard to the selection of colours, fonts and image formatting included, which allow for energy savings in the different formats made available.
BFA recognizes that to be successful in its sustainability journey, it needs the engagement and participation of all stakeholders through active communication and dialogue. This communication is based on a narrative of “interconnected communities,” symbolized and illustrated through traditional and visual elements of Angolan culture (the sand drawings of the Quiocos and thesymbol of “tshota”). The presence of these elements in the sustainability journey aims not only to emphasize the importance of ancestral knowledge in this process but also to facilitate communication through family ties, which help convey new ideas.
In accordance with the corporate goals set by BFA, the Re-port and its publication have been tailored and developed to take into account sustainability practices in terms of design and communication, particularly with regard to the selection of colours, fonts and image formatting included, which allow for energy savings in the different formats made available.
