KCB Group has intensified its sustainability drive, screening loans worth Sh578.3 billion for environmental and social risks in 2024, a move that underscores its leadership in green financing.
This brings the cumulative total assessed since 2020 to over Sh1 trillion under the Group’s Environmental and Social Due Diligence (ESDD) process.
Speaking during the launch of the KCB 2024 Sustainability Report on October 7, 2025, KCB Group CEO Paul Russo said the lender is determined to align business growth with environmental and social goals.
“We committed to further aligning our interests with partner institutions to bolster economic development for the greater good. The conversation today must be aligned to how we safeguard the Planet and People even as we pursue Profits,” Russo said.
“The private sector has the opportunity, the manpower, and the assets to enable our communities to thrive. While we are committed to making a positive impact, we have learned that sustainable practices should also be economically viable in the long run.”
The bank’s 2024 Sustainability Report shows that KCB disbursed Sh53.2 billion in green loans during the year, expanding its green portfolio to 21.3% from 15% in 2023. The financing targeted clean energy, e-mobility, blue economy ventures, and climate adaptation initiatives.
The bank also secured Shs69 million from the Green Climate Fund as part of its bid to raise Shs15.5 billion for green projects, expected to impact 14.7 million people.
According to Principal Secretary for Environment and Climate Change, Festus Ng’eno, KCB’s investments demonstrate the financial sector’s pivotal role in enabling sustainable livelihoods.
“When thoughtfully directed, finance can help farmers adopt climate-smart agriculture, empower SMEs, and catalyze innovation in renewable energy and green infrastructure,” he said.
Kenya Bankers Association CEO Raymond Molenje commended KCB’s leadership in sustainability reporting, saying it “should inspire other businesses to adopt integrated thinking, where economic growth goes hand in hand with environmental integrity and social inclusion.”
KCB Group Plc is East Africa’s largest commercial Bank and was established in 1896.
The lender is headquartered in Kenya, with the country serving as the lead market with the banking subsidiary KCB Bank Kenya.
Over the years, the Bank has grown and spread its wings into Tanzania, South Sudan, Uganda, Rwanda, Burundi, and the Democratic Republic of Congo.