The Kenya Bankers Association (KBA) has announced this year’s finalists for an annual award which recognises institutions excelling in the area of sustainable finance.
The Sustainable Finance Catalyst Awards, which is now in its second year, recognises institutions whose business model has a direct positive impact on the financial sector, the economy, the environment and the society at large.
This year, 14 firms have made to the shortlist from which winner will be picked at the awards ceremony in January.
The shortlisted firms are: Barclays Bank of Kenya, Commercial Bank of Africa, Co-operative Bank of Kenya, Diamond Trust Bank, Equity Bank and KCB Group.
Others are Kenya Women Microfinance Bank (KWFT), Levanter Africa, National Bank, NIC Bank, Prime Bank; Standard Chartered Bank, Safaricom and Stanbic Bank.
“Globally, financial institutions are increasingly taking a leading role in ensuring their businesses are run sustainably, be it in fighting corruption, limiting the firm’s impact on climate or even advancing workplace inclusion,” said Habil Olaka, KBA’s chief executive.
“Kenyan firms are also doing a lot too, through financing sustainable development projects or adopting internal strategies to run their businesses well. That is why we launched the awards; to celebrate companies that, while staying true to their core profitability cause, have not lost sight of doing what is right.”
Businesses will be appraised on whether they have covered the essential indicators which included the impact to the Gross Domestic Product (GDP), the growth of the business, job creation and support of minority groups including women and the youth.
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