Kenya Unveils Banking Sector Sustainability Reporting Template to Advance Green Finance.

   Mr. Raimond Molenje, CEO of the Kenya Bankers Association

     Nairobi, April 23, 2025.

 Kenya has taken a major stride toward building a climate-resilient and investment-friendly financial system with the official launch of the Banking Sector Sustainability Reporting Template. The event, held at Safari Park Hotel in Nairobi, brought together leading figures from the financial, environmental, and agricultural sectors to witness and discuss this milestone in sustainable finance.

The template, developed through a strategic partnership between Financial Sector Deepening Kenya (FSD Kenya), the Institute of Certified Public Accountants of Kenya (ICPAK), World Wide Fund for Nature Kenya (WWF-Kenya), and the Kenya Bankers Association (KBA), provides a standardized framework for financial institutions to report on climate-related risks and sustainability initiatives. It is designed to align Kenya's banking sector with global benchmarks, especially the IFRS S1 and S2 sustainability reporting standards.
Ms. Tamara Cook, CEO of FSD Kenya,

In her keynote remarks, Ms. Tamara Cook, CEO of FSD Kenya, emphasized the significance of adopting international standards to improve Kenya’s global competitiveness. “For Kenya to compete in the region and internationally, we must have strong sustainability standards in place to access those markets,” she said. “Financial institutions must take the lead in volunteering efforts towards a green environment. When we improve the quality of information, it becomes easier to access financial solutions and unlock new market opportunities.”

Adding to the dialogue, Mr. Raimond Molenje, CEO of the Kenya Bankers Association, spoke about the association’s ongoing work in integrating sustainable finance practices into the core operations of banks. “We are not only working on sustainable reporting but also developing regulatory frameworks and preparing our customers for business transformation,” he stated. He stressed the need for financial institutions to play an enabling role rather than a limiting one. “Financial institutions should expand credit not constrain it across various sectors. Green financing must cover the entire value chain, from the farm to manufacturing to the service industry.” He further noted that the banking sector in Kenya is emerging as a pioneer of green economic transformation within the region.

Other distinguished speakers included Mr.CPA Jona Wala, Chairman, Multisectoral Committee on Sustainability and Climate Change, Mr. Clement Tulezi, CEO of the Kenya Flower Council, and Mr. Jackson Kiplagat, Head of Conservation Programmes at WWF-Kenya. Each echoed the importance of integrating sustainability into financial systems to support the country’s environmental goals and enhance resilience in key sectors such as agriculture and manufacturing.

The launch also marks the beginning of a three-day capacity-building workshop for stakeholders in the banking and agricultural sectors. The workshop aims to equip institutions with the knowledge, tools, and networks necessary to implement sustainability reporting effectively and position themselves as leaders in responsible finance.

The event concluded with a call to action for stakeholders to collaborate and innovate as Kenya forges a path toward a more sustainable, inclusive, and competitive financial ecosystem

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