The Co-operative Bank of Kenya is a leading financial institution, uniquely positioned to serve over 8.8 million direct customers and a strong 15-million-member co-operative society movement.
As a key economic player and corporate citizen, the lender has been and remains focused on offering products and services that drive the country’s economic, social and environmental value.
An official statement from the bank highlights areas of sustainability interventions as, among others, economic, social, environmental and governance fronts.
To achieve economic sustainability, the bank creates channels for sustainable economic opportunity by ensuring strong financial performance and financial inclusivity for its clients.
In the social front, the bank operates as a responsible corporate citizen by investing in staff welfare, co-operatives sector support and regular people-centre community engagement towards improving the social status of society.
“This report presents how Co-operative Bank sustainable business model has led to long term value creation for all our stakeholders. This report provides a balanced and accurate reflection of our ESG performance, risks and opportunities, as well as Co-op Bank’s future outlook in relation to material financial, economic, social and governance issues. Our reporting process has been guided by the principles and requirements contained in the Global Reporting Initiative (GRI), Kenya Bankers Association’s sustainable finance principles and Nairobi Securities Exchange (NSE) Reporting standards.” A statement on the lender’s official website reads in part.
Environmental impact has not been overlooked either. The bank run its business in a way that ensures that their growth is sustainable in the long term and leaves minimal adverse impact on natural resources and the environment for the future generations.
Co-op Bank is not left behind in governance either, promoting sustainability through policy and governance which is deep rooted and is driven from the Board level strategic theme number 6 impact on the economy, society and environment.
From the foregoing initiatives, Co-operative Bank Group has won an array of awards including Sustainable Finance Catalyst Awards, African Banker Awards 2022, Visa Awards 2021, Global SME Finance Awards 2021, African Banking Awards 2021 and Energy Management Awards (EMA) 2022, among others.
