KCB Awarded for Efforts in Sustainable Development

KCB Bank has been named the Best Bank in Sustainable Finance in Kenya 2022, for its efforts in creating a more sustainable business enterprise.

The award by Global Finance recognizes leadership in sustainable finance aimed at building 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 (SDGs). This is in order to assist in the attainment of reduced global net human-caused emissions of carbon dioxide by about 45% from 2010 levels by 2030, and reach net zero by 2050.

KCB Group has been accelerating sustainable finance in Kenya and across the region, thereby contributing to the transition of a low-carbon resilient economy.

“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 communities we serve.” said newly named KCB boss, Paul Russo.

The bank has set a target of transitioning 25% of its total loan portfolio to green investments by 2025 as part of its Net Zero ambition.

“At the heart of our operations is the need to be able to optimize our operation in order to create more efficient, sustainable industries that are considered the brands of the future.” added Russo.

KCB has previously won similar awards including Best Sustainable Bank in Kenya by International Business Magazine for the adoption of sustainable and green financing initiatives.

It has also received accolades such as Best Retail Bank and Most Valuable Banking Brand by both Finance Derivative and Brand Finance.