Skip to main content

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

Comments

Post a Comment

good

Popular posts from this blog

Records Digitization Failures Risk Digital Kenya; Urges ICT-Records Unity.

Ms. Mary Kerema, OGW, Secretary ICT e-government and Digital Economy. Nairobi, Kenya - July 16, 2025.   Ms. Mary Kerema, OGW, delivering remarks on behalf of Eng. John Tanui, MBS, the Principal Secretary for ICT and the Digital Economy , issued a blunt assessment today, government efforts to digitize critical records are failing, risking the paralysis of Kenya's broader digital transformation agenda. Speaking to ICT Directors and various stakeholders at a breakfast meeting hosted by the Kenya Association of Records Managers and Archivists (KARMA) at the Serena Hotel, Kerema conveyed the PS's deep concern over the " significantly low" progress made since the Ministry directed State Corporations to adopt paperless systems in March 2023. She emphasized that the core problem identified by the PS is not funding, but a critical deficit in expertise, infrastructure, and a widespread underestimation of the domain's complexity, a complexity interwoven with leg...
Post a Comment
Read more

Wisdom, Not War, WADR Chair Calls for National Shift in Conflict Resolution.

    Women in Alternative Dispute Resolution (WADR Kenya), led by Chairperson Eunice Lumallas(middle). NAIROBI, Kenya  July 16, 2025.  Amidst escalating tensions across Kenya's political, social, and economic sectors, Women in Alternative Dispute Resolution (WADR Kenya), led by its Chair Eunice Lumallas,  has issued a powerful call for nationwide adoption of peaceful conflict resolution mechanisms. Lumallas, emphasizing Kenya stands at a "critical juncture," warned that unchecked disputes threaten to erode hard-won gains in governance, entrepreneurship, innovation, and the rule of law, jeopardizing national unity, business confidence, investment, and the hope of Kenyans. Representing diverse stakeholders, WADR Kenya passionately argued that choosing hostility leads to collective loss, while reasoned dialogue allows everyone to rise and gain. Chair Lumallas urged all Kenyans to prioritize empathy and actively embrace dialogue, mediation, conciliation,...
Post a Comment
Read more

Kenyan Religious Leaders Issue Urgent Plea to "Stop Destroying Our Country" Amid Escalating Crisis.

    NAIROBI, Kenya, July 9, 2025.  In a powerful intervention, Kenya’s Inter-Religious Council (IRCK) has demanded an immediate end to state-sponsored violence and political exploitation tearing the nation apart. Following a three-day emergency retreat in Nairobi, Christian, Muslim, and Hindu leaders issued a stark warning that the country is in a "very sad and dangerous state," blaming dominant political elites for fueling unprecedented tensions through their fight to " acquire, protect and consolidate power."   The council condemned the government’s handling of protests against the 2024 Finance Bill, accusing the state of degenerating legitimate discontent into " murderous chaos" marked by extrajudicial killings, forced disappearances, abductions, and destruction of public property. It called on President William Ruto’s administration to prosecute senior officials linked to violence and financial scandals, insisting this is essential to resto...
Post a Comment
Read more