“Kenya’s Banks Chart Way Forward to Promote Sustainable Finance and Build Industry Wide Capacity” – Kenya Bankers Association – September 12, 2013

During a CEO Roundtable held in Nairobi on September 10, 2013 the Kenya Bankers Association (KBA) announced the launch of the KBA Sustainable Finance Initiative.  The event was co-sponsored by UNEP-FI, the Dutch development bank FMO and

According to the press release issued by the KBA on September 12, 2013, “In line with the country’s long-term development plans as outlined in the Government’s Vision 2030, the KBA member banks agreed to support efforts towards making Kenya’s banking industry more globally competitive. With economic, social and political pillars, Vision 2030 reflects some of the main challenges that Kenya currently faces. These challenges include sustainable economic growth, financial inclusion, but also environmental degradation, climate change, social exclusion and resource scarcity. Therefore the proposed Sustainable Finance Initiative coordinated by KBA on behalf of its member banks would be tasked with developing recommendations, which will include proposals on capacity building and the creation of Sustainable Finance Guiding Principles that are customised for the Kenyan context.”

The CEO round table discussion was facilitated by KBA and UNEP Finance Initiative (UNEP-FI) and co-funded by the Dutch development finance institution FMO and the German development finance institution DEG.

You may read the press release on the KBA internet site.