CBK’s new rules in bid to stamp out greenwashing

BD Green

CBK has published draft rules to guide banks in properly classifying projects as either ‘green’ or ‘not green.’

Photo credit: Photo | Shutterstock

The Central Bank of Kenya (CBK) has published draft rules to guide banks in classifying whether particular economic activities are environmentally sustainable or ‘green’, joining the global push to stamp out greenwashing.

Greenwashing is conveying a false impression or misleading information about how a company’s products are more environmentally sound than they are.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.