Co-operative Bank is the Overall Winner at the Kenya Bankers Association (KBA) 2024 Sustainable Finance Catalyst Awards.
This is the fifth time in seven years that Co-op Bank has been named overall winner, having also won the overall title in 2017, 2019, 2022 and 2023.
The 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. Sustainable Finance Principles require financial institutions to balance their quest for financial returns with the economy’s future priorities and social-environmental concerns.
Commenting on the recognition, the Co-op Bank Group Managing Director, Gideon Muriuki said “Sustainability is fully integrated in our business model that stands on the three pillars of Economic Sustainability, Social Sustainability and Environmental Stewardship.”
The latest award adds to other recent recognition Coop Bank has received for the strong credentials in Sustainable Finance and related sustainability practices.
Businesses were appraised on whether they have covered the essential indicators which included the impact to the Gross Domestic Product (GDP), the growth of the business, job creation and support of minority groups including women and the youth.
“As a bank that is predominantly-owned by the 15million-member Co-operative Movement that is represented in all regions of the country, we are inclusive by design, which has enabled us to not only deliver shared prosperity today, but also helped us build an awareness and prudence to avoid participation in commercial activities that risk putting future generations in jeopardy,” said Muriuki.
