KCB Bank has been awarded the 'Best Bank in Sustainable Finance in Kenya 2022' by Global Finance, recognizing its efforts to advance sustainable business practices through targeted socio-economic programs.
The accolade highlights leadership in funding climate change mitigation projects, building resilience, and supporting long-term environmental goals. This aligns with global targets to reduce human-caused carbon dioxide emissions by 45% from 2010 levels by 2030, aiming for net-zero emissions by 2050.
KCB Group CEO Paul Russo stated the award reflects the bank's commitment to sustainability, emphasizing its focus on community impact and efficient, future-ready industries. The institution plans to allocate 25% of its loan portfolio to green investments by 2025 as part of its net-zero strategy.
Global Finance Publisher Joseph Giarraputo noted that pandemic challenges and energy sector shifts have increased climate risk awareness, while technological advancements offer solutions for sustainable development.
In 2021, KCB received multiple international awards for sustainable finance, including Best Sustainable Bank in Kenya and recognition as a top banking brand by global publications.
