KCB Group has launched its 13th annual sustainability report underscoring its commitment to sustainability in its business strategies and operations. The report, themed "A Sustainable Future: Driven by Growth and Collective Purposeful Actions," was unveiled by Cabinet Secretary for Environment, Climate Change and Forestry, Hon. Aden Duale.
The event was also attended by Principal Secretary for Environment and Climate Change Dr. Eng. Festus Ng’eno, and Global Compact Network Kenya Executive Director Judy Njino among other dignitaries.
The event featured a panel discussion titled "Sustainable Business Models: Green Financing," where industry leaders led by Ms. Njino deliberated on the challenges and opportunities in green financing. Other panelists included Tamara Cook, CEO of FSD Kenya, and Eric Naivasha, Head of Sustainable Finance at KCB.
Judy Njino lauded KCB Bank for its proactive approach to sustainability and robust stakeholder engagement to deliver impact at scale. Ms. Njino also pointed out that the world will need to spend between $3 trillion and $5 trillion annually to meet the Sustainable Development Goals by 2030 and there exists a business opportunity for the financial services sector to align corporate investment to the fullest extent possible with the SDGs to build resilient societies and businesses.
KCB Group CEO Paul Russo noted that by aligning business practices with sustainability principles, financial institutions can drive long-term value creation, enhance their reputation, and mitigate risks associated with environmental and social challenges. KCB has been a participant of the UN Global Compact since 2014. Click here to read the report: https://bit.ly/3SWqMKO
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