In the world of banking, where financial jargon often clouds the horizon, Stanbic emerges as a ray of hope. With a commitment that transcends traditional banking boundaries, they are stepping up to ensure a brighter and more sustainable future for their clients and the community. Hold onto your hats, as we take you on a thrilling ride through Stanbic’s exciting initiatives!
Picture this: a bank that not only talks the talk but walks the walk when it comes to climate action. Stanbic is at the forefront of financing solutions that foster climate adaptation and mitigation, all while ensuring inclusivity. It’s not just about money; it’s about nurturing partnerships and empowering change in education, health, and entrepreneurship.
Joshua Oigara, the Chief Executive of Stanbic Kenya and South Sudan, puts it eloquently, “We continue to center our strategic priorities on growth drivers that are sustainable and beneficial for our people, clients, and the entire environmental ecosystem.” Stanbic is not just about banking; it’s about making a meaningful impact.
But wait, there’s more! Stanbic has set ambitious goals for the next three years. By December 2023, they aim to have green financing represent 10% of their total book. Moreover, they are allocating 30% of their procurement spend to marginalized groups, such as women, youth, and SMEs, by 2025. And the cherry on top? They plan to have a climate risk framework in place by August 2023. Talk about commitment!
William Khamasi, Stanbic’s Head of Sustainability, chimes in, “Aligned to our purpose to drive growth in Kenya and South Sudan, we are equipped to contribute to several sustainable development goals (SDG) priorities through funding, capacity building, and innovation.” It’s clear that climate change remains a key focus, and they’re in it for the long haul.
In their 2022 Sustainability Report, Stanbic Holdings takes us on a journey through their sustainability initiatives, detailing how they’re approaching the three ESG pillars: social, economic, and environmental. These efforts extend far beyond traditional banking boundaries and encompass financial inclusion, job creation, sustainable finance, climate change, infrastructure, trade, education, and health.
But what truly sets Stanbic apart is their commitment to transparency. To measure and disclose climate-related risks and opportunities, they’ve adopted a metrics methodology that aligns with industry best practices. They’re not just ticking boxes; they’re leading the way in responsible banking.
So, there you have it – Stanbic’s commitment to sustainability isn’t just a buzzword; it’s a thrilling journey towards a better future. In a world where banking can often be a sea of numbers and percentages, Stanbic is a breath of fresh air. They’re not just committing to sustainable projects; they’re making them enjoyable, interesting, and impactful for all of us. Bravo, Stanbic!
