KCB Bank has been named as the ‘Best Bank in Sustainable Finance in Kenya 2022’ in recognition for its efforts in creating a more sustainable business enterprise through deliberate socio-economic interventions.
The award announced by Global Finance, recognizes global, regional and local leadership in Sustainable Finance – funding for initiatives designed to mitigate the negative impacts of climate change, building resilience and help build a more sustainable future for humanity.
The award comes at a time when there are calls for institutions to embrace sustainable practices through adopting the UN Sustainable Development Goals as a guide to assist in the attainment of reduced global net human-caused emissions of carbon dioxide by about 45 percent from 2010 levels by 2030, reaching net zero around 2050
Speaking to this achievement, KCB Group CEO Paul Russo said: “We are privileged to be the top mover of the Sustainability Agenda. The win reinforces our commitment to building a brand that is not only focused on profits alone but on the customers and the communities we serve. At the heart of our operations is the need to be able to optimize on our operations in order to create more efficient, sustainable industries that are considered the brands of the future.”
KCB Group has been accelerating sustainable finance not only in Kenya but also across the region, consequently accelerating transition to a low-carbon resilient economy. Currently, the Group has set a target of transitioning 25% of its total loan portfolio to green investments by 2025, as part of its Net Zero ambition.
On his part, Global Finance Publisher and Editorial Director Joseph Giarraputo, said, “The pandemic and energy-sector disruptions have heightened awareness on climate change risks, while technological innovations present new possibilities and offer new solutions to mitigate damage and build a sustainable future for all”.
In 2021, KCB Group received a series of global accolades that recognizes the bank’s efforts in sustainable business. KCB was feted as the Best Sustainable Bank in Kenya by the International Business Magazine for its efforts in driving and ensuring the adoption of sustainable and green financing initiatives, Best Sustainable Bank by International Business Magazine, Best Retail Bank and Most Valuable Banking Brand by Finance Derivative, as well as the Most Valuable Banking Brand by Brand Finance.
United States International University-Africa has outlined plans to strengthen its enrolment rates by more than 32% while diversifying the range of market-driven courses delivered as part of its institutional growth plans.
The local premier higher education institution has outlined the...
B2B E-Commerce company Twiga Foods today launched Twiga Fresh, a new subsidiary that is focused on modern and commercial farming, to help supply informal retailers and urban consumers with lower cost, better quality and safe food.
Through the $10M investment, Twiga...
In a quest to address challenges experienced by physically challenged persons, the Kenya Bureau of Standards (KEBS) has approved new standards addressing accessibility to spaces and provision of requirements for safe practices in industrial work places in order to...
Equity has won the Visa Top Acquiring Award as well as the Visa E-Commerce (Acquiring) Award during the Visa Awards 2021 ceremony. The two awards from Visa were issued to the Bank for leading in Visa acquired volumes, significantly...
It was pomp and colour as Username Investments awarded a fully paid holiday trip for 2 to the USA to an employee who recorded outstanding performances in the past 2 financial years. The reward was presented during the company’s...
Fox Wallet Bridges the Gap Between DeFi and CeFi with the Launch of an Africa-First, New and Insured Multi-Crypto Wallet
The new cutting-edge fintech multi-crypto wallet, Fox Wallet makes onboarding into the crypto world easier by accommodating multiple chains and...
Equity Group recorded a Return on Equity of 15% as compared to an industry average of 7% for African Banks
Dr. Mwangi has been at the helm of Equity for 16 years, last year it became the first...
Picture caption: The Eighth secretary-general of the United Nations Mr Ban Ki-moon (left) engages Environment and Forestry Cabinet Secretary Keriako Tobiko on the sidelines of the Global Centre on Adaptation (GCA) High-Level meeting in Rotterdam, Netherlands.
The Ministry of Environment and Forestry...
East Africa’s online recruitment platform BrighterMonday Kenya is enhancing its approach to reduce unemployment in the country with the launch of a jobseeker targeted campaign dubbed “Level Up.”
The Level Up campaign is a jobseeker drive aimed at showcasing the...
