NCBA Group has published its first Sustainable Development Impact Disclosure (SDID) report, becoming the first African financial institution to adopt the Impact Disclosure Taskforce’s guidelines released in October 2024. The report was developed with support from J.P. Morgan and Blaylock Van.
As a member of the Impact Disclosure Taskforce, NCBA aims to establish a framework for impact measurement and monitoring. The SDID outlines the institution’s efforts to promote financial inclusion, increase green and sustainable financing, improve operational sustainability, and support employment and community engagement.
Key commitments include:
- Mobilising KES 30 billion for green and sustainable financing.
- Growing 10 million trees by 2030.
- Eliminating single-use plastics and achieving 100% waste recycling by 2030.
NCBA’s SDID focuses on contributing to 10 UN Sustainable Development Goals, including poverty reduction, quality education, gender equality, clean energy, and climate action. The framework includes an impact reporting template for ongoing monitoring.
NCBA plans to expand its SDID framework beyond Kenya to its operations in Tanzania, Rwanda, Uganda, and Ivory Coast. The Impact Disclosure Taskforce’s guidelines aim to enhance transparency and accountability, enabling investors to make informed financing decisions.
