NCBA’s Bold Steps for a Sustainable Future: H1 2024 Highlights
Abojani Investment
Abojani Investment Ltd is a leading financial and investment advisory firm that champions financial conversations
In the first half of 2024, NCBA Group reinforced its commitment to sustainability through various initiatives aimed at environmental preservation, community support, and educational advancement. These efforts underline the bank's dedication to creating a sustainable future and addressing pressing challenges.
One significant initiative earlier in the year was the sponsorship of the inaugural Wangari Maathai Marathon in February, where NCBA Group contributed KES 2 million. This event, held on African Environmental Day at Karura Forest, honored the legacy of Nobel Prize-winning environmentalist Wangari Maathai and promoted the theme of "Power of One" in environmental conservation. This sponsorship aligns with NCBA’s broader commitment to environmental preservation and reflects its dedication to continuing Maathai’s work for a greener planet.
Additionally, in line with the "Change The Story" campaign, which aims to increase Kenya's forest cover by planting 10 million trees by 2030, NCBA partnered with the Baboon Project Kenya to plant an additional 10,000 seedlings in Nakuru County. This event took place in June 2024, coinciding with World Environment Day.
On top of the environmental initiatives, NCBA is advancing sustainable transportation solutions. The bank participated in the 2nd Kenya Power E-Mobility Conference & Expo in April, showcasing its commitment to a low-carbon economy. NCBA has mobilized KES 30 billion towards green projects and established a KES 2 billion fund for electric vehicles (EVs), reflecting its dedication to innovative financial solutions that align with global sustainability goals, including the 2015 Paris Agreement.
NCBA is also investing in community support, particularly in education. In February, the bank announced a KES 12 million funding initiative to support over 100 students through partnerships with organizations like the Dr. Choksey Albinism Foundation and the M-PESA Foundation. Additionally, the launch of the NCBA Go Getter Internship Program in April aims to nurture young talent and provide graduates with valuable corporate experience.
Overall, NCBA's sustainability initiatives in the first half of 2024 highlight a comprehensive approach to addressing environmental and social challenges. Through strategic partnerships and innovative programs, the bank is setting a benchmark for sustainability in the financial sector, demonstrating its commitment to making a positive impact on society and the environment.
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