Stanbic Holdings last year issued $122 million (Sh16.2 billion) loans whose pricing in subsequent years is tied to borrowers' achieving pre-agreed environmental, social, and governance (ESG) targets, increasing its focus on sustainability.
The lender discloses in its latest sustainability report covering the year ended December 2023 that lending, classified as sustainability-linked loans (SLL), accounted for six percent of its Sh260.5 billion loan book against the targeted 10 percent.
