Director, First Bank Sustainability Centre and head of Strategy and Entrepreneurship, Lagos Business School (LBS), Dr Chris Ogbechie, said at the workshop attended by Non-governmental Organisations (NGOs) and other stakeholders at LBS that such would help build sustainability in business.
He said the workshop was also meant to create an enabling relationship between the NGOs and private corporations to enable both parties harness areas of mutual importance.
Ogbechie said business owners and NGOs have to realize that it is no longer business as usual, as customers and the media want them to address social and environmental concerns in the course of conducting their businesses. Ogbechie said: “Private companies realised that they must develop strategies to meet these new needs while remaining profitable.
NGO’s awareness thathey can achieve widespread and lasting change through the partnership is also important in sustaining the partnership”. He said the shift in NGO’s/private corporations’ relationship creates an exciting opportunities for them to collaborate, increase capacity, sustainability and deliver service to the community.
He said companies in the country must learn to do things the right way to enable them sustain long term success. Sustainability, he added, goes beyond leaving a better environment, but also involves how a business can sustain itself, make profit and eradicate poverty in the country, as that is a malaise affecting the country. A staff of the Corporate Responsibility Unit of FirstBank, Mrs Obianuju Akanbi said sustainability is now global trend.