Stanbic Bank has announced its increased commitment to providing financial support to its clients in order to promote sustainable climate solutions.
The bank will offer capacity building, partnerships, and grants for important initiatives in education, health, and entrepreneurship.
According to Stanbic CEO Joshua Oigara, the bank’s strategic priorities are centered around sustainable growth drivers that benefit not only the bank’s clients but also the overall environmental ecosystem.
Oigara emphasized the implementation of market-specific solutions through sustainable financing and strategic partnerships to drive inclusion, social and economic growth, and environmental stewardship.
Stanbic Bank has identified key impact areas and established goals for its three-year plan, with green financing accounting for 10 percent of the total book by December 2023.
The bank’s head of sustainability, William Khamasi, stated that they are continuously deploying tools, systems, and capabilities to promote sustainability, mitigate risks, and create sustainable value for clients, partners, shareholders, and the community.
Khamasi further highlighted that the bank’s purpose is to drive growth in Kenya and South Sudan, and they are well-equipped to contribute to various sustainable development goals (SDGs) through funding, capacity building, and innovation.
He emphasized the bank’s focus on climate change and its dedication to supporting green projects and the blue economy.
