KCB Group, the leading bank in East Africa by asset value, is demonstrating a strong commitment to both green finance and reducing their carbon footprint. Their 2023 Integrated Report highlights some impressive achievements: KCB Group dedicated a significant portion of their lending, 15% of the total, to support environmentally conscious businesses and projects. This commitment extends even further, with a goal of allocating 25% of loans to green projects by 2025. Their focus areas include renewable energy, sustainable agriculture, and climate-smart infrastructure, directly contributing to a more sustainable future. KCB Group isn't just financing green initiatives; they're actively implementing them within their own operations. Their carbon footprint has been reduced by 28%, showcasing their dedication to net-zero emissions. Additionally, they've planted over 300,000 trees in 2023 and have a goal of planting 1.2 million trees in the next five years. These efforts not only offset carbon emissions but also contribute to environmental restoration. KCB Group understands that reducing their environmental impact involves more than just planting trees. They actively monitor their resource usage, aiming for a 5% annual reduction. Initiatives like installing LED lighting in branches and solarizing select locations contribute to energy savings. While there were some increases in paper and fuel usage, KCB Group is actively addressing these challenges by mapping areas prone to power outages for solarization and optimizing equipment like data centers. Their commitment to efficiency remains unwavering. KCB Group serves as a leading example for other financial institutions. Their dedication to green finance, reducing their carbon footprint, and investing in a sustainable future is commendable.
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#DYK? The proceeds from green bonds help to finance a broad range of categories of green projects, which contribute to: ✅#Climatechange mitigation 🌦Climate change adaptation 🌏#Biodiversity conservation 🌊Ocean and #water conservation Learn more about our green bonds program in this fact sheet.
IFC has raised over $12 billion through 198 green bonds in 21 currencies between FY10 and FY23. Our commitment to sustainable finance is stronger than ever and we use the proceeds of our green bonds program to support sustainable and socially responsible projects in areas as diverse as renewable energy, clean transportation, energy efficiency and waste management. Learn more about our green bonds program in this fact sheet. IFC Treasury & Mobilization
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Understanding Green Financing: What It Is and How It Works - Rachael A.O Antwi, CEnv #GreenFinancing refers to funding projects that improve environmental outcomes by reducing carbon emissions, enhancing energy efficiency, and promoting sustainable resource use. It is a key part of sustainable finance, integrating environmental considerations into financial decisions. Green financing supports eco-friendly projects through various financial instruments. Green bonds, for instance, are issued by governments, municipalities, and corporations to fund renewable energy, energy efficiency, and sustainable infrastructure projects. These bonds are specifically earmarked to raise money for climate and environmental projects. Green loans are another instrument, provided with favorable terms for projects that have clear environmental benefits. Financial institutions offer these loans to businesses and organizations undertaking green projects, often with reduced interest rates or extended repayment periods. Sustainable investment funds pool money from multiple investors to support projects meeting specific environmental criteria. These funds focus on companies with strong sustainability practices, ensuring that investments contribute positively to the environment. There are several notable examples of green financing in action. The European Investment Bank (EIB) has issued numerous green bonds to finance renewable energy projects across Europe, including wind farms, solar power plants, and hydroelectric projects. This has significantly contributed to the region's renewable energy capacity. The IFC - International Finance Corporation, a member of the World Bank Group, provides green loans to businesses in emerging markets. These loans have supported energy efficiency projects in industries like manufacturing and real estate, helping to reduce energy consumption and carbon emissions. The Calvert Green Bond Fund is another example, investing in clean water infrastructure, sustainable agriculture, and energy efficiency upgrades. In conclusion, green financing is a powerful mechanism for driving environmental sustainability. By channeling funds into projects that promote renewable energy, enhance energy efficiency, and support sustainable practices, green financing helps build a more resilient and sustainable future. As businesses and investors increasingly recognize the importance of environmental stewardship, the growth of green financing is set to continue, playing a crucial role in the global effort to combat climate change. #GreenFinancing #SustainableFinance #GreenBonds #RenewableEnergy #EnergyEfficiency #Sustainability #ClimateAction #EnvironmentalStewardship
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🌍 Green finance is reshaping the global financial system, directing capital towards projects that protect the planet and promote sustainable development. Whether it's through green bonds, renewable energy investments, or resource conservation, green finance is key to aligning economic growth with environmental preservation. 💡 🌱 While often confused with climate finance, green finance covers a broader range of environmental issues like biodiversity conservation and pollution reduction, beyond just climate change mitigation. Together, they form part of the larger sustainable finance framework, which incorporates ESG (Environmental, Social, Governance) criteria to drive socially responsible investing. 🌎💼 From the Green New Deal in the US to the European Green Deal, countries around the world are embracing green finance to tackle environmental challenges. Africa, too, is stepping up, with Kenya leading the way through its Green Bond Programme, funding vital initiatives in renewable energy and sustainable agriculture. 🌿 🔑 The power of green finance lies not only in environmental protection but also in unlocking new economic opportunities, fostering innovation, and driving sustainable industries. As regulatory frameworks evolve and financial products like green bonds gain momentum, green finance is bridging the gap between investment shortfalls and achieving the Sustainable Development Goals by 2030. Read the full article form NationAfrica here: https://lnkd.in/du2cEm3w #GreenFinance #SustainableDevelopment #ESG #ClimateFinance #GreenBonds #RenewableEnergy #Sustainability #CleanTech #Africa
The ABCs of green finance
nation.africa
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GREEN GUARANTEE COMPANY Perception of risk for green projects in developing countries is ‘too high’ Norfund is investing in the newly established Green Guarantee Company which will issue credit guarantees to lenders for green projects in developing countries. Norfund says the default rate on such projects is lower than for non-green projects in OECD countries. The arrangement “will allow commercial banks to lend to projects against the Green Guarantee Company rating,” she says. In other words, the guarantee company “gives the project a BBB rating”, despite the project being executed in a country that could never achieve a Triple B rating on its own, says Cathrine Kaasen Conradi, Investment Director at Norfund, to Development Today.. The idea is that the guarantee will give the project access to cheaper and more long-term financing. “Our hope is that borrowers will obtain better terms despite paying this premium,” Kaasen Conradi says. This means both a lower interest and more long-term financing. #impactinvesting #climateinvesting #renewables #greenfinance Per Kristian Sbertoli Fredrik Oland Scheen Swedfund International Finnfund IFU European DFIs - EDFI Paddy Carter https://lnkd.in/dNxZqqqq
Perception of risk for green projects in developing countries is ‘too high’ | Development Today
development-today.com
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We are proud to have played a pivotal role in supporting the Green Guarantee Company (GGC) with their successful funding proposal to the Green Climate Fund (GCF). The GGC aims to utilise blended finance and guarantees to attract more climate finance into developing countries such as Indonesia, the Philippines, Brazil, and Trinidad & Tobago. By leveraging its investment-grade rating and providing guarantees on bonds or loans, GGC mitigates default risks for borrowers, thereby facilitating access to global capital for climate projects aligned with countries' Nationally Determined Contributions (NDCs). Pegasys served as the trusted Climate Advisor to GGC, assisting in the development of a comprehensive funding proposal for submission to the GCF, which included: 📊 Creating a Logical Framework for a guarantor of green bonds, ensuring alignment with GCF's Results Management Framework (RMF) and Performance Measurement Framework (PMF). 🔄 Developing a Theory of Change model to articulate the anticipated outcomes and impacts of GGC's intervention. 📝 Conducting research to compare existing and upcoming green bond standards, ensuring adherence to best practices. 📑 Crafting annexes to support the funding proposal, including an Environmental and Social Management Plan, a gender framework, and a climate rationale with mitigation and adaptation tools. Through these efforts, Pegasys enabled GGC to present a compelling case to the GCF, showcasing the company's capacity to facilitate climate finance mobilisation in developing countries. This collaboration highlights the importance of specialised climate services in advancing initiatives aimed at addressing climate change challenges on a global scale. https://lnkd.in/dNSYmbaP #GreenFinance #ClimateFinance #SustainableInvestment #GreenBonds #ClimateAction #ClimateChange #EnvironmentalManagement #SocialImpact #GenderEquality #climateadaptation #climatemitigation
GREEN GUARANTEE COMPANY Perception of risk for green projects in developing countries is ‘too high’ Norfund is investing in the newly established Green Guarantee Company which will issue credit guarantees to lenders for green projects in developing countries. Norfund says the default rate on such projects is lower than for non-green projects in OECD countries. The arrangement “will allow commercial banks to lend to projects against the Green Guarantee Company rating,” she says. In other words, the guarantee company “gives the project a BBB rating”, despite the project being executed in a country that could never achieve a Triple B rating on its own, says Cathrine Kaasen Conradi, Investment Director at Norfund, to Development Today.. The idea is that the guarantee will give the project access to cheaper and more long-term financing. “Our hope is that borrowers will obtain better terms despite paying this premium,” Kaasen Conradi says. This means both a lower interest and more long-term financing. #impactinvesting #climateinvesting #renewables #greenfinance Per Kristian Sbertoli Fredrik Oland Scheen Swedfund International Finnfund IFU European DFIs - EDFI Paddy Carter https://lnkd.in/dNxZqqqq
Perception of risk for green projects in developing countries is ‘too high’ | Development Today
development-today.com
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One of my earlier article i have mentioned why despite increasing public awareness and financing opportunities, the economy faces significant obstacles to green financing. These include high borrowing costs, limited awareness, misleading compliance claims, disclosure requirements, and mismatches between long-term green investments and short-term investor interests. Green bonds and other green financing instruments thus have no competitive advantage over conventional energy funding. Green financing is crucial for the financial sector with projects mitigating climate change and promoting RE to achieve a greener economy and net zero by 2070.
No green finance framework no sustainable development
law.asia
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Dominican Republic financing costs were 15 basis points lower and the transaction was six times oversubscribed. Green Bonds are the way to go. What made them special? 👍 Aligned with the Principles of the International Capital Market Association (ICMA). 👍 The framework provided high standards of transparency, solid governance foundations, and clear eligibility and expenditure reporting criteria. Sustainability is driving Climate Finance which is being funded by Green Bonds. The industry is in Hypergrowth with Billions of dollars sold every month. In fact, there is a shortage of certified Green Bonds. Local Grown Salads is issuing $100M USD Green Bonds in multiple jurisdictions such as Luxemberg, US, Canada, Afria, and Viet Nam. The Green Bonds are expected to be oversubscribed. The Bonds are issued by a Special Purpose Vehicle (SPV). We expect a 10x increase in the SPV valuation on the sale of the Bond. The SPV is open for investment. The Bonds are certified to be aligned with the UN SDGs and are financing a network of Indoor Vertical Farms. The farms grow the vegetables where they are eaten. The vegetables are pesticide and herbicide free, and the farms create good jobs. Follow #ZaleTalksGreenBonds for more edge-of-seat content 😃 like this.
Investing in a Greener Future: Successful Debut of the Green Bond in the Dominican Republic
blogs.worldbank.org
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The Rise of Green Bonds in Canada: A Sustainable Investment Opportunity Canada is seeing a significant increase in the issuance of green bonds, as both governments and corporations aim to fund environmentally friendly projects. Green bonds are designed to support renewable energy, energy efficiency, and other sustainable initiatives. Why consider green bonds? -Environmental Impact:Your investment supports projects that contribute to a cleaner, more sustainable future. - Diversification:Green bonds offer an opportunity to diversify your portfolio with investments that have both financial and environmental benefits. - Growing Market:The demand for green bonds is increasing, potentially leading to favorable returns for investors. For those looking to align their financial goals with their values, green bonds are becoming an attractive option. Have you considered adding green bonds to your investment strategy? Share your thoughts below! #FinanceCanada #GreenBonds #SustainableInvesting #FinancialPlanning #InvestingTips
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What are Green Bonds? The International Capital Market Association (ICMA) defines a green bond as explicitly used to finance or refinance eligible green projects, resulting in environmental benefits. The most prominent example is that of the Rewa Ultra mega solar power project in Madhya Pradesh, which is a collaboration of the World Bank Group. Read more in this article by Geeta Shreeprabha, a research associate at the Arun Jaitley National Institute of Financial Management, about how green bonds can be the big step towards a sustainable climate, thereby fulfiling her ambition of becoming a $30 trillion economy by 2047. https://lnkd.in/g--nCNt6 #publicpolicy #greenbonds #climatechange #greenprojects
Sovereign Green Bonds: Fuelling India’s Sustainability Revolution
https://www.ispp.org.in
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🔴 Green finance is becoming essential for building a sustainable economy, as more financial institutions acknowledge the importance of eco-friendly investments. With 35% of institutions seeing, it as a key business growth driver, green finance supports climate goals, promotes economic stability, and helps reduce climate-related risk 🔴 The increasing emphasis on green finance is driving financial institutions to innovate by investing in renewable energy, energy-efficient technologies, and other green initiatives. Aligning their portfolios with Environmental, Social, and Governance (ESG) principles helps attract eco-conscious investors and keeps these institutions competitive in a sustainability-focused market. 🎯 Our vision at @CFBLConsulting is to provide leaders of infrastructure projects and innovative businesses across five sectors and continents with assurance of costs, profit, and a sustainable strategy. (In the Rail & Transport, Water & Highways, Digital & Technology, Energy & Power and Renewable sectors and the continents Europe, Africa, North America, South America, and Asia). Our clients rely on us to deliver the following services: 📈Infrastructure project cost audits 📈Independent ESG audit & assurance 📈Capex & financial strategy advisory 📈Open book, accounting, audits & training For more visit https://lnkd.in/dEUwyz_R #GreenFinance #ESG #Sustainability #Audit #Business #Infrastructure #Project #Cost #Assurance #Rail #Transport #Water #Highways #Energy #Power #Renewables #Europe #Africa #NorthAmerica #SouthAmerica #Asia
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