The sports category has moved to a new website.

Cooperative Bank of Kenya named winner of Sustainable Finance Catalyst Awards

The award attracted 33 entries from 14 institutions who were appraised on their policies to support minority groups including women and the youth.

The leader scooped the top prize in the second edition of awards that recognise the social and environmental impact of investments and loans.

Kenya Commercial Bank (KCB) and Equity Bank emerged second and third respectively in the Kenya Bankers Association 2017 Sustainable Finance Catalyst Award.

“As a bank that is predominantly owned by the 14 million-member cooperative movement, we are inclusive by design that has not only enabled us to deliver shared prosperity today, but also to build an awareness and prudence to avoid putting future generations in jeopardy,” said Cooperative Bank Group Managing Director Gideon Muriuki.

ADVERTISEMENT

Sustainable Finance Catalyst Awards were created to recognize institutions that practice sustainable finance which has a direct positive impact on the financial sector, the economy, the environment and the society at large.

Financial Institutions with friendly policies to support small and medium businesses, promote the economy, and lead innovation stand to be recognized.

The award attracted 33 entries from 14 institutions who were appraised on whether they had covered the essential indicators which included the impact to the gross domestic product, growth of the business, job creation, and support of minority groups including women and the youth.

The financial sector has been identified as a key catalyst towards achieving a green economy with their priorities now aligned to the sustainable development goals, however, lending to green assets such as agriculture and renewable energy sector is still wanting.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

African countries with the highest divorce rate

African countries with the highest divorce rate

10 African cities with the highest crime index at the start of 2024

10 African cities with the highest crime index at the start of 2024

Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]

Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Akothee finally reveals reasons for separating from Omosh 1 month after wedding

Akothee finally reveals reasons for separating from Omosh 1 month after wedding

Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]

Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]

Details of Ngina Kenyatta's luxurious restaurant

Details of Ngina Kenyatta's luxurious restaurant

Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama

Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama

Nigerian royal dignitaries, including four kings and a queen, expected to attend Museveni’s 50th wedding anniversary celebrations

Nigerian royal dignitaries, including four kings and a queen, expected to attend Museveni’s 50th wedding anniversary celebrations

ADVERTISEMENT