One of Kenya’s top banks; KCB Bank, has been labeled as the Best Bank in Sustainable
The Best Bank in Sustainable
It is also known of its recognition of local leadership, regional leadership, and of course global leadership in sustainable finance.
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The award is occurring at a point in time when institutions are being constantly told to carry out practices that are more sustainable by taking up the United Nations Sustainable Development Goals as their guide to ensure that they attain lessen the emissions of carbon dioxide caused by human beings to around forty five (45) percent by 2030 from the levels it reached in 2010, until it hits net zero emissions by 2050 or sometime around that.
The Chief Executive Officer (CEO) of KCB Group; Paul Russo stated that, “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.”
The KCB Group has gradually been speeding up sustainable finance in Kenya and the East African region at large. It has actually aided in the speedy adaptation of an economy that is more low carbon resilient.
According to reports the KCB Group has as part of its Net Zero ambition, created a target of moving twenty five (25) percent of its entire loan portfolio to green investments by the year 2025.
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The Global Finance Publisher and Editorial Director; Joseph Giarraputo made it known that, “Covid-19 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.”
KCB Group in 2021 received a number of global recognitions which shed more light on its efforts with regards to running a sustainable business.
The International Business Magazine named KCB as the Best Sustainable Bank in Kenya for its involvement in encouraging and making sure sustainable and green financing enterprises are adopted.
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KCB was also named the Most Valuable Banking Brand by Brand Finance, Most Valuable Banking Brand by Finance Derivative, and the Best Retail Bank by Finance Derivative.
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