NCBA Bank has launched Sustainable Development Impact Disclosure (SDID) Document, a great achievement as it makes the first African bank to adopt and disclose its development impact.
A testament of its commitment towards sustainability.
The initiative was developed in collaboration with J.P. Morgan and Blaylock Van, highlighting NCBA’s steadfast dedication to fostering sustainable economic growth, enhancing environmental sustainability, and empowering communities.
Through the launch of the Sustainability Development Impact Disclosure, the lender has now joined 60+ strong network of financial institutions, capital markets participants, and industry stakeholders in the Impact Disclosure Taskforce.
“Accountability, transparency and consistency in our reporting are essential in driving our sustainability commitments. We are determined to adapt, innovate and lead to demonstrate that Africa can be the source of transformative solutions,” John Gachora, Group Managing Director, NCBA.
In August 2023,NCBA Group became the 8th Tier 1 Bank in Kenya to join the United Nations Global Compact movement and links up with 23,000 other leading companies in 162 countries.
Through its Group Managing Director John Gachora, NCBA Group has unveiled 15 ambitious commitments that reaffirm its commitment towards environmental responsibility, social impact and ethical governance.
The bank unveiled its sustainability commitments in a ceremony witnessed by Global Compact Network Kenya Executive Director Judy Njino.
The move comes towards the 2030 deadline of achieving the Sustainable Development Goals, NCBA Group will mobilize KES 30 billion for green and sustainable finance and allocate KES 100 million annually for transformative community engagement.
The Group also commits to grow 10 million trees, recycle 100% of our waste and introduce electric vehicle charging stations across its markets for a sustainable future.
Speaking during the event, Global Compact Network Kenya (GCNK) Executive Director challenged businesses to look at sustainability agenda as a business narrative and one that has return on investment.