KCB Group has made major strides in its sustainability journey, disbursing Sh53.2 billion in green loans in 2024 as it scales up investments that power Kenya’s transition to a greener, more inclusive economy.
Its newly released 2024 Sustainability Report shows the bank assessed Sh578.3 billion worth of loans for environmental and social risks last year, bringing the cumulative total reviewed since 2020 to over Sh2.5 trillion under its Environmental and Social Due Diligence (ESDD) framework.
The green loans, which now make up 21.3 per cent of KCB’s portfolio, up from 15 per cent in 2023, were channeled into projects promoting clean energy, e-mobility, the blue economy, and climate change adaptation.
Close to half of these, valued at Sh24.1 billion, have been verified through the Climate Assessment for Financial Institutions (CAFI) tool, enhancing transparency and credibility.
KCB Group CEO Paul Russo reiterated that the bank remains committed to aligning its interests to sustainable inclusive growth in partnership with the Group’s other stakeholders.
