Integration of E&S matters in our core business for over 15 years

BANK OF AFRICA progressively and permanently integrates Environmental and Social criteria in its Business Model thanks to a systemic approach.

Social and Environmental Management System « SEMS »

Based on IFC perfomance standards, the SEMS evaluates the projects’ capacity in improving the management of social and environmental risks generated by their activities. 

The objective of the SEMS is to:

  • Better understand and anticipate potential social and environmental risks
  • Evaluate and manage those risks by a structured systemic approach
  • Identify related business opportunities.


Two Pilars

List of industries banned for financing due to their social and environmental impact :

Risk categorization

List of industries banned for financing due to their social and environmental impact :

  • Production or trade  of any product or activity considered  illegal by the law
  • Production or trade of asbestos fibres .
  • Large-scale fishing with driftnets longer than 2.5 kilometers
  • Production of timber and other forest products other than those coming from sustainably managed forests

Projects are categorized in : Category A, B, C or FI, according to type, location, sensitivity, scale, nature,  l’échelle, la nature and magnitude of the impacts:

  • Category  A: High-risk industrial projects, infrastructure projects, large scale heavy industry etc...)
  • Category B: Industrial projects with limited Environmental impacts (industry, building, farming etc...).  
  • Category C: Low potential risk projects (service providers, restaurants, call centers, etc...)
  • Category FI: Funding of financial brokers (Insurance, Investment Funds, etc...).


Equator Principles

1st Bank in Morocco and 3rd Bank in MENA Region to adopt the Equator Principles. These principles are used to assess the risks associated with environmental and social impacts generated for projects valued at more than $10 million

  • Principe 1 : Review and Categorization
  • Principe 2 : E & S Assessment
  • Principe 3 : Applicable E& S Standards
  • Principe 4 : E&S management System and EP Action Plan
  • Principe 5 : Stakeholders Engagement
  • Principe 6 : Grievance Mechanism
  • Principe 7 : Independent Review
  • Principe 8 : Covenants
  • Principe 9 : Independent monitoring and Reporting
  • Principe 10 : Reporting and Transparency 


Risk Categorization based on EP Principles

Category ACategory BCategory C 

corresponds to a project presenting potentially significant adverse social or environmental impacts that are non-uniform, irreversible or unprecedented

corresponds to a project presenting limited adverse social or environmental impacts, generally at a single site, that are

largely reversible and easily dealt with by mitigation measures

corresponds to projects presenting minimal or no adverse social or environmental impacts.


Download Annual EP report 2016 

Download Annual EP report 2017

Download Annual EP report 2018