Bank of Africa : PRB Reporting and Self Assessment

Reporting and

Self-Assessment

Template

Principles for Responsible Banking

Reviewed version (V2) from September 2022

Reporting and Self-Assessment Template

The following template sets out the reporting and self-assessment requirements for Signatories of the Principles for Responsible Banking (PRB). Your bank discloses which actions it has undertaken to implement the PRB by self-assessing its progress on each of the 6 Principles. This template is therefore structured in accordance with the 6 Principles that signatories have committed to.

Three Key Stepsare critical to showing that your bank is fulfilling its commitments as a signatory of the PRB, i.e. Impact Analysis, Target Setting & Implementation and Assured Reporting/Accountability. The sections in the Reporting and Self-Assessment Template that relate to the 3 Key Steps also require a self-assessment summary to demonstrate the extent to which the bank has fulfilled the respective requirements of the Key Steps.

Accommodating different starting points

Your bank has an initial four-year period from signing to implement the 6 Principles including to bring its reporting fully in line with the requirements. Your bank may not be able to provide all information required in this template in the first report. You should build on your implementation progress annually. Feedback, support, capacity building, training and peer learning are available to all signatory banks to help them progress with both implementation and reporting.

Timeline for reporting and assurance

Signatory banks need to report on their implementation of the Principles on an annual basis. The first PRB report has to be published within 18 months of signing the Principles, to give the bank some flexibility to align the PRB reporting with its reporting cycle. Publishing the first PRB report at any point earlier than 18 months after signing the Principles is therefore an option. After the first PRB reporting has been published, subsequent reports have to be published annually thereafter, i.e. within 12 months at the latest after the prior report1.

Assurance

The last report within the initial 4 year implementation period (and subsequent reports thereafter) needs to be assured, which means that at least the third PRB report needs to be assured. Banks are encouraged to put the assurance process in place well before that and have earlier PRB reports already assured.

1 Early reporting is permitted, although sufficient time to show progress from one year to the other should be taken into account.

2

All items that relate to the three Key Steps(highlighted in yellow) require limited assurance by year four of signing the PRB, undertaken by an independent third party with relevant expertise in the field. These are:

• 2.1 Impact Analysis
• 2.2 Target Setting
• 2.3 Target Implementation and Monitoring
• 5.1 Governance Structure for Implementation of the Principles

An assurer provides limited assurance of your self-assessment in these listed areas. You can do this by including it in your existing assured reporting. Where third-party assurance is not feasible, an independent review may be conducted. Assurance requirements are described in more detail in the Guidance for Assurance providers: Providing limited assurance for reporting.

Purpose of the template

The purpose of this template is to assist signatories in disclosing their progress on implementing the PRB. The disclosed information is used by the UNEP FI Secretariat as the basis for the individual review of each bank's progress, as well as for reporting the collective progress made by the PRB Signatory Group. To measure collective progress in a consistent manner, some standardized questions to be completed by the banks are integrated into the template. The open questions give banks the flexibility to disclose the progress they make, considering the diverse business models and various contextual differences in which banks operate.

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How to use this template

This template gives banks the chance to provide summaries of the annual progress made in implementing each Principle. It is designed for your bank to provide references/links to where in your existing reporting/public domains (websites) the required information can be found to support your answers. The aim is to keep any additional reporting burden to a minimum while ensuring transparency and accountability as set out in Principle 6. When referring to other documents, please specify the pages where the exact information appears.

The Reporting and Self-Assessment Template shall not be amended structurally and content- wise. The content and text of the template can be applied to corporate layout and designed accordingly, without omitting parts of the texts. The Reporting and Self-Assessment Template can be integrated into your bank's reports (annual report, sustainability report or relevant reporting formats) or can be published as a stand-alonedocument. It needs to be publicly available and will be listed on the UNEP FI Signatories page.

The reporting needs to be published in English. Information that is referenced to within the Reporting and Self-Assessment Template should also be available in English. Where that is not possible, it is recommended to include the summary of relevant information as text in the Template, so that all necessary information can be taken into account when the UNEP FI Secretariat reviews the bank's performance.

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Principle 1:

Alignment

We will align our business strategy to be consistent with and contribute to individuals' needs and society's goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks.

Business model

Describe (high-level) your bank's business model, including the main customer segments served, types of products and services provided, the main sectors and types of activities across the main geographiesin which your bank operates or provides products and services. Please also quantify the information by disclosing e.g. the distribution of your bank's portfolio (%) in terms of geographies, segments (i.e. by balance sheet and/or off-balancesheet) or by disclosing the number of customers and clients served.

Response

1. MULTI-BUSINESSPAN-AFRICAN BANKING GROUP WITH A GLOBAL OUTLOOK

With operations in 32 countries, including 20 in Africa and with nearly 2,000 points of sale, BANK OF AFRICA is a panAfrican banking group, providing multidisciplinary expertise in a number of countries in Africa and around the world. The Group has fostered strong ties with the African continent, enabling it to play a major role in some of the continent's most important investment projects. BANK OF AFRICA was also the first Moroccan bank to open a representative office in China in 2000. It has bolstered its presence still further by becoming the first African bank

to open a branch office in Shanghai.

Over time, BANK OF AFRICA has built a portfolio of complementary banking and financial business lines centred around financing and supporting businesses around the world. Today, BANK OF AFRICA is one of Africa's main bankingand financial groups with multiple business lines and brands. 3 rd Bank by total assets with a 12.73% share of the loan market and a 13.24% share of the deposit market in Morocco, 2nd Bank- insurer with a product penetration ratio of 34.53% 34,53% and 3rd Asset manager with 13.5% market share.

INTERNATIONAL NETWORK : Our comprehensive international network comprising 2,000 points of sale enables us

to provide banking and financial services to businesses, institutions and individuals around the world.

FINANCIALLY SOLID: With total assets amounting to MAD 345 billion, we are the third largest bank within the industry, offering our customers an unrivalled solidity.

Links and references: Please

see section : Introducing

THE BANK OF AFRICA GROUP , of the Annual Financial report 2022 page 4 to 15:

https://www.ir- bankofafrica.ma/sites/default/fil es/2023- 05/RFA%20BOA%202023-05- 19%2015H35.pdf And Section Introducing BANK OF AFRICA Group , page 6 to 25 of the Integrated Annual report 2021: https://www.ir- bankofafrica.ma/sites/default/fil es/2022- 10/Rapport%20Annuel%20Int %C3%A9gr%C3%A9%202021 %20ang_0.pdf

Strategy alignment

Does your corporate strategy identify and reflect sustainability as strategic priority/ies for your bank?

• Yes

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