For a long time, green finance has pursued high-impact goals predominantly linked to corporate responsibility. However, today, most institutions have incorporated green financing into their core business strategy while also investing heavily in community projects spanning education, health, the environment, sports, food security, and financial literacy.
Admittedly, the Green Bond Programme, initiated through the Sustainable Finance Initiative by the Kenya Bankers Association in partnership with the Nairobi Securities Exchange, the Climate Bonds Initiative, FSD Africa, and the Dutch Entrepreneurial Development Bank, has played a key role in enabling the rise of a domestic green bond market in Kenya's banking sector.
