GTCO says 2.5% of facilities now run on renewable energy

Guaranty Trust Holding Company Plc (GTCO) reports that 2.58% of its facilities are now fully powered by renewable energy sources, as the financial services corporation continues its expansion of clean energy usage. This revelation is part of GTCO's audited consolidated and separate financial statements for the six months ending June 30, 2026, which detail the company's progress in enhancing energy efficiency and lowering its environmental impact.

The Group is actively assessing its wholly owned buildings to identify additional opportunities for transitioning to renewable energy sources as part of its overall climate strategy. Currently, 3.5% of GTCO's ATMs are running on solar energy, further reducing reliance on traditional electricity sources. The company's flagship subsidiary has identified specific locations where dedicated power supply lines can be utilized to minimize its environmental footprint.

GTCO aims to decrease greenhouse gas emissions by 20% and non-recyclable waste by 30% over the next five years. This shift towards renewable energy sources is occurring as Nigerian businesses face considerable costs associated with maintaining their operations, including rising energy inflation and unreliable grid supply that often necessitates reliance on diesel and other fuels.

GTCO currently powers all 15 of its offsite locations using a mix of solar energy and the national grid, and 57 ATMs and communication equipment are also powered by alternative energy sources such as solar.