Unity Bank Plc and climate experts have called for increased investment in the green economy and adoption of innovative technologies to strengthen economic resilience and mitigate the impact of climate change across Africa.
The call was made during a webinar hosted by the bank to mark Earth Day, themed “The True Cost of Climate Change and Who Pays?”, where stakeholders examined the economic and social implications of climate change.
Speaking at the session, Head of Strategy and Innovation at Unity Bank, Ibukun Coker, said climate change poses immediate risks to businesses and communities.
“Climate change is no longer a distant challenge but an existential threat with direct consequences for economies and livelihoods,” he said.
He added that financial institutions have a responsibility to integrate sustainability into financing decisions and support solutions that enhance community resilience.
The webinar featured climate innovation experts, including Chinwe Udo-Davis and Oluwatosin Ajide, who highlighted the need for inclusive and scalable climate solutions.
Udo-Davis noted that vulnerable communities bear the brunt of climate change, calling for targeted investment in clean energy and sustainable alternatives.
“The true cost of climate change is unevenly distributed, and addressing this requires accessible and scalable solutions,” she said.
Ajide stressed the importance of coordinated efforts across policy, innovation and financing to tackle climate challenges effectively.
He said stakeholders must collaborate to drive sustainable and inclusive solutions capable of addressing structural issues linked to climate change.
Participants also examined opportunities in renewable energy, climate technology and ecosystem financing, highlighting innovation as a key driver of long-term resilience.
Analysts say growing engagement by financial institutions in sustainability discussions reflects a shift towards responsible banking and climate-conscious investments.
Unity Bank said the initiative aligns with its broader strategy to promote environmental sustainability and financial inclusion.
Stakeholders noted that increased private sector participation will be critical in accelerating Africa’s transition to a low-carbon economy while protecting vulnerable populations.