NAIROBI, Kenya- Diamond Trust Bank (DTB) is taking a significant step toward a greener future.
The bank’s franchises in Kenya, Tanzania, and Uganda have officially signed the UN Principles for Responsible Banking, joining a global movement dedicated to aligning banking practices with sustainable development goals.
This commitment is part of DTB’s broader Sustainability Master Plan, reflecting the bank’s pledge to integrate responsible banking into every facet of its operations.
The UN Principles for Responsible Banking, developed in collaboration with banks worldwide and the United Nations Environment Program Finance Initiative (UNEP FI), serve as the gold standard for banks committed to sustainability.
By signing these principles, DTB is aligning its strategies with the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement, which collectively aim to foster a more sustainable global economy.
This move is a commitment to identifying and measuring the environmental and social impacts of the bank’s business activities.
Under this framework, DTB will set and implement specific targets where their impact can be most significant.
The bank will also ensure transparency by publicly reporting its progress, demonstrating its commitment to sustainable finance and responsible banking practices.
As a signatory to the Principles, DTB is stepping into a leadership role within the global banking community focused on sustainable finance.
This not only positions the bank as a frontrunner in the industry but also allows it to collaborate with other institutions on best practices, pioneering tools, and practical guidance that benefit the entire sector.
At the signing ceremony, DTB Group CEO and Managing Director, Nasim Devji, highlighted the bank’s commitment to sustainability.
“Signing the UN Principles for Responsible Banking is a testament to our commitment to sustainability and responsible banking,” Devji said.
“This commitment reflects our purpose to improve the quality of lives of all our stakeholders in a sustainable and impactful way and underscores our dedication to integrating sustainable practices into every aspect of our business,” Devji concluded.
DTB’s commitment to these principles marks a significant milestone in its journey toward sustainability, reinforcing the bank’s role as a key player in the transition to a greener economy.
