This archive report was first published on 30 September 2019.
On September 22, 2019, ABSA, the parent company of Barclays Kenya, became one of the founding signatories of the Principles for Responsible Banking in Paris, joining a coalition of 130 banks worldwide representing over $47 trillion.
The Principles for Responsible Banking aim to promote sustainable practices and support the achievement of shared prosperity for both current and future generations. ABSA commits to using its products, services, and relationships to drive long-term profitability and benefit communities.
Jeremy Awori, Barclays Kenya CEO, emphasized the importance of business managers promoting sustainable practices. In a commentary, Awori noted that Barclays Kenya is committed to safeguarding the environment, addressing unemployment, and conserving natural resources.
ABSA has implemented various initiatives to drive sustainability, including the Ready to Work platform, which has impacted over 155,000 students. The bank has also invested in the Shared Value program, providing resources and skills to Small and Medium-sized Enterprises (SMEs) to enable them to access international markets.
Additionally, Barclays Kenya has introduced digital solutions to reduce paperwork and reliance on printed statements. The bank is also set to roll out a drinking water solution that eliminates the use of plastic.
