NAIROBI, Kenya- For the fifth time in seven years, Co-operative Bank has claimed the top honor at the Kenya Bankers Association (KBA) Sustainable Finance Catalyst Awards.
The bank’s commitment to integrating sustainability into its business operations was recognized in a ceremony that highlighted the growing importance of sustainable finance in Kenya.
The Sustainable Finance Catalyst Awards celebrate financial institutions that champion investments with measurable environmental and social impacts.
Co-operative Bank, which also won in 2017, 2019, 2022, and 2023, has consistently demonstrated leadership in promoting initiatives that align with global sustainability goals.
Sustainable finance focuses on funding projects such as renewable energy, sustainable agriculture, and social enterprises.
It is a critical strategy for advancing economic growth, environmental protection, and social equity. This year, participating banks were evaluated on their contributions to GDP growth, job creation, and support for marginalized groups like women and youth.
Speaking at the event, Co-operative Bank Group Managing Director Gideon Muriuki emphasized the institution’s inclusive approach.
“As a bank predominantly owned by the 15 million-member Co-operative movement, we are inclusive by design. This enables us to deliver shared prosperity today while avoiding activities that jeopardize future generations,” Muriuki stated.
The bank’s sustainability strategy rests on three pillars: economic sustainability, social inclusion, and environmental stewardship.
This approach has allowed Co-op Bank to stand out as a leader in sustainable practices, reflecting its dedication to long-term value creation for both its stakeholders and the planet.
Kenya’s financial institutions are increasingly adopting sustainable finance principles, reflecting a global shift toward responsible investment strategies.
Co-op Bank’s recognition at the KBA Awards underscores the sector’s critical role in steering capital toward projects that mitigate climate risks and foster sustainable development.
As more institutions embrace responsible investment practices, the sector is poised to play a pivotal role in driving the country’s economic and environmental transformation.
