READING

KCB shines at the sustainability awards

KCB shines at the sustainability awards

KCB Group has won six awards in the inaugural Kenya Banking Association (KBA) Sustainable Finance Catalyst Awards, cementing the lender’s leadership role in driving sustainable initiatives.
The Bank was named the overall winner for being an outlier in innovating in balancing the quest for financial returns with the diverse priorities within the sustainable economic, social and environmental context.
Business sustainability, also known as corporate sustainability, is the management and coordination of environmental, social and financial demands and concerns to ensure responsible, ethical and ongoing success.
The awards are a unique platform for banks and other financial institutions to showcase their industry leadership and innovation while reinforcing the role they play towards sustainable development.
KCB scoped the first prize as number one Tier 1 bank in sustainable finance before clinching the same position in policy and governance category.
It also  emerged the the 3rd Position in the Category of Client Case study in Micro, Small and Medium Sized business and Position 2 in the Commercial Case Study category.
Speaking while receiving those awards, KCB Group CEO and MD Joshua Oigara said that their business is not just about making profits but transforming lives of communities in markets where they operate.
”It is our firm conviction that sustainability must go hand in hand with increasing shareholder value and I believe we have found the right balance. We don’t operate in a vacuum but in an environment where we have to ensure that we are a good corporate citizen,” said Mr. Oigara.
The bank adopted the Sustainable Finance Initiative (SFI) guiding principles in 2015 when it envisioned that the principles outlined in the initiative go hand in hand with its Sustainability Framework.
The awards themed: “Recognizing Catalytic Finance that impacts industry, economy and society” sought to recognize banks and other financial sector players that drive sustainability by embedding it in their core business operation strategy and governance structures.
The ceremony was graced by Capital Markets Authority (CMA), Chief Executive Officer, Mr. Paul Muthaura, who highlighted the awards aim of recognizing banks and other financial sector players in their quest at balancing their immediate business goals with the economy’s future priorities and socio-environmental concerns.


RELATED POST

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.