Investor Presentaiton

CONFIDENTIAL • • Environmental, Social and Governance (ESG) Framework BANK OF INDUSTRY ...transforming Nigeria's industrial sector ¦ Sustainability is imperative to the achievement of BOl's developmental goals. The Bank also views ESG as a way to better engage with its ! stakeholders, gain stronger reputation, attract useful partnerships and deliver more positive impact to the economy and society. The Bank embarked on its ESG journey in 2020 and has strived to be an ESG compliant organization since then We recently conducted a comprehensive ESG assessment and gap analysis to evaluate current practices across environmental, social, and governance risk within the bank. This will enable us Identify strengths, weaknesses, and areas for improvement. We are in the process of setting our ESG KPIs which will define specific, measurable, and time-bound goals aligned with our values and long-term vision. This will provide a roadmap for measuring our success. • We worked with AfDB to put in place our ESG policy and framework which has been approved by the board of the Bank and hosted on our website. • • • • • We are at advanced stages of implementing our Environmental Social Management System. We have updated our exclusion list to align with international best practices, developed a tool kit for categorizing our projects, approved ESG clauses to be included in our loan agreements and have commenced monitoring visits. An IFC consultant was engaged to build a categorization tool for the Bank and this has been quite useful in our bid to integrate ESG considerations into our core business operations and decision-making processes to ensure that sustainability becomes an inherent part of our culture. We are working with Rand Merchant Bank to develop a Sustainability finance Framework, this will enable us raise sustainable finance. We are also collaborating with Barclays Bank on this process. The staff have been trained on ESG practices and this will be a regular practice. We worked with IFC to develop five training modules for the Bank and this has been delivered to ninety staff of the Bank since it commenced in August 2023. We are working on getting a sustainability certification and have commenced the implementation of the Sustainability Standards Certification Initiative of the European Organization for Sustainable Development We prepared a standard alone sustainability report in 2021 and in 2022 embedded a sustainability report in our annual financial report. We are working on adoption of the new IFRS reporting standards to align with global best practice. 27 | Private & Confidential

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