NAIROBI, Kenya— Standard Chartered Bank Kenya has reported Sh2.99 billion in sustainable finance income for 2024, reflecting a remarkable 132% increase from the previous year.
The achievement revealed during the bank’s 2024 Sustainability Report,highlights a tenfold increase in sustainable finance assets to Sh31.3 billion.
The lender says the growth signals a rising appetite for responsible investments in the Kenyan market.
A key highlight of the year was the launch of Africa’s first Sustainable Account an innovation that empowers clients to directly link their deposits to environmental and social impact projects.
The bank similarly deepened its focus on inclusive finance.
SC WIN, a platform dedicated to advancing women’s financial inclusion, now manages Sh2.6 billion in assets.
Meanwhile, SC Shilingi, its digital money market fund, has grown to Sh17.6 billion, opening new investment avenues to a wider base of savers.
“Sustainability is not an add-on, it is central to how we create value for our clients and communities,” said CEO Kariuki Ngari.
“We are proud to integrate sustainability into our core business, helping to unlock new opportunities for growth, development and resilience.”
In its operations, the bank reported strong progress in reducing environmental impact achieving a 79% cut in carbon emissions, a 54% drop in energy use, and recycling 95% of its waste
Standard Chartered became the first African bank to receive Platinum TRUE Zero Waste certification and was awarded EDGE certification for its sustainable refurbishment of the Chiromo Head Office.
Through its flagship Futuremakers programme, the bank reached over 54,000 youth and supported more than 1,000 small businesses.
In 2024 alone,the lender invested Sh133 million in a youth employability initiative and raised Sh48 million through the Standard Chartered Nairobi Marathon.
The bank affirmed its commitment to building on these gains as it drives the agenda for sustainable and inclusive development.
