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Training on the Role of Banks in Nature-Based Solutions

Only 57 percent of Kenyan banks publish a comprehensive sustainability report that is not integrated with their financial reporting, notes the 2020 State of Sustainable Finance in Kenya’s Banking Industry report. To support more adoption of sustainability reporting mechanisms, WWF-Kenya through the ASI Programme, partnered with the Kenya Bankers Association (KBA) and International Union for Conservation of Nature (IUCN) to conduct a workshop on advancing nature-based solutions (NbS) and financing climate change adaptation. 


According to the International Institute for Sustainable Development (IISD), nature-based infrastructure (NbI) has the potential to cost up to 50% less compared to other built infrastructure. NbIs could save up to US$248bn per year. 


During the workshop, Christine Mwangi, Regional Coordinator, ASI Programme said, “When it comes to nature-based solutions, there are many opportunities both in the private and public sector for banks to tap into.” 


The industry-wide capacity-building initiative emphasized the role of the private sector in financing climate adaptation and resilience. 


For Kenya to build a sustainable and resilient economy, green growth and climate-smart investments cannot be left behind. With the right tools and training banks can support Kenya’s quest towards a sustainable future.