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Banks face mandatory climate risk disclosures in CBK push
Banks will be required to make public their climate-related targets, such as annual green loans and percentage of loan books screened for sustainability, and the performance of these targets.
The Central Bank of Kenya (CBK) will require lenders to disclose climate finance risks and meet certain climate targets from January 2027, marking the latest regulatory push to align the sector with the global sustainability wave.
The regulator has published the draft climate risk disclosure framework in which it targets to make such disclosures voluntary for banks from January next year and then mandatory two years later.
