NAIROBI, Kenya, July 17 – Standard Chartered Kenya has achieved Sh2.99 billion in sustainable finance earnings in 2024, a 132 % enhance from the earlier 12 months.
In 2024, the lender’s sustainable finance belongings grew greater than tenfold to Sh31.3 billion, underscoring rising market demand.
Among its key improvements, the financial institution launched Africa’s first Sustainable Account, enabling purchasers to hyperlink their deposits on to impactful environmental and social tasks.
Likewise, it expanded inclusive finance choices, with Sh2.6 billion managed beneath SC WIN, a women-focused monetary empowerment platform, and Sh17.6 billion in belongings beneath SC Shilingi, a digital cash market fund broadening funding entry.
“Sustainability will not be an add-on, it’s central to how we create worth for our purchasers and communities,” mentioned its CEO, Kariuki Ngari.
“We are proud to combine sustainability into our core enterprise, serving to to unlock new alternatives for progress, growth and resilience.”
The Bank says it made vital strides in lowering its environmental footprint, slicing carbon emissions by 79 %, power consumption by 54 %, and recycling 95 % of operational waste.
Standard Chartered turned the primary African financial institution to earn the Platinum TRUE Zero Waste certification and obtained the EDGE certification for sustainable refurbishment of its Chiromo Head Office.
On the group entrance, the Futuremakers youth empowerment initiative has reached over 54,000 younger folks and supported greater than 1,000 microbusinesses.
In 2024 alone, it invested Sh133 million in a brand new employability programme, whereas elevating over Sh48 million by way of the Standard Chartered Nairobi Marathon for youth initiatives.
The lender says it’s eager on sustaining the momentum of its sustainable growth amid progress in world demand for accountable finance.
