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50 Kenyan Banks Engaged on Promotion of Sustainable Finance

Participants at the Sustainable Finance Practices Seminar that was organized by WWF-Kenya with support from Kenya Bankers Association and Eco-Business Fund. PHOTO | WWF-KENYA

Over 50 Kenyan-based banks and financial institutions were in April engaged on how to promote sustainable financial practices during a seminar organized by WWF-Kenya in collaboration with the Kenya Bankers Association. 


"The involvement of banks in this training will charter a pathway towards enabling the banking industry to adopt mechanisms that enhance the stability of the banking sector and transparency which will foster trust with key stakeholders," said Kennedy Mutisya, Chief Finance Officer, Kenya Bankers Association in his opening remarks. 


During the three-day seminar that kicked off in Naivasha on Wednesday, 12 April, the bankers were trained on emerging trends and the impact of sustainability and integrated reporting, the Central Bank of Kenya's guidance on climate-related risk management, and the International Sustainability Standards Board ISSB ESG disclosures standards.


“It is important for banks and financial institutions to ensure their financial flows go into sustainable investments,” said Christine Mwangi, Regional Coordinator, Africa Sustainable Investments & Infrastructure (ASI) Programme.