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Equity Bank Kenya’s Global Recognition in Climate Financing: A Deep Dive into CAFI 2023 Awards

Posted on December 20, 2023December 20, 2023 By Africa Digest News No Comments on Equity Bank Kenya’s Global Recognition in Climate Financing: A Deep Dive into CAFI 2023 Awards

Equity Bank Kenya has been acknowledged as the leading global performer in the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting by the International Finance Corporation (IFC), a World Bank Group member.

The 2023 CAFI Awards highlighted that, among 258 global financial institutions, the top performer in terms of transactions for climate-related financing was recognized.

The IFC’s Climate Assessment for Financial Institutions (CAFI) functions as a reporting mechanism, allowing clients and partners in 210 countries to reveal their financial involvement in projects addressing climate issues.

Equity Bank Kenya aided 47,593 households and businesses in implementing adaptive and mitigating measures to counter the adverse effects of climate change.

Support extended from small climate loans (beginning at KES 6,000) for energy-efficient cookstoves to substantial funding (up to Kes 8.54 billion) for the distribution of renewable energy from hydro, geothermal, and wind sources.

These initiatives led to an annual reduction of 39,917.4 tons of CO2eq. By October 2023, equitybank had disbursed Kes 24.7 billion, with 66% allocated to climate adaptation and water efficiency, 28% to energy efficiency and transport, and 6% to renewable energy.

Financial solutions, including Equity Bank loans, supports households and businesses in implementing measures against the impacts of climate change.

These initiatives significantly reduce CO2 emissions, showcasing a commitment to climate resilience and mitigation.

READ ALSO: CIF’s Next Chapter: Tariye Gbadegesin Takes the Helm in Global Climate Action

Additionally, Equity Bank’s recognition for its sustainable finance initiatives, especially in climate financing, has elevated its status as a global leader. This acknowledgment paves the way for an enhanced reputation, potential collaborations, and continued impact in addressing climate change.

Equity Bank’s impactful support for climate-related projects in Kenya, has empowered over 47,000 households and businesses.

Equity Bank’s top performance in climate financing aligns with the World Bank Group’s Climate Action Plan, emphasizing its commitment to advancing Kenya’s green growth agenda, reducing carbon emissions, and enhancing resilience as outlined in its National Determined Contribution.

Offering a comprehensive digital banking system, including Equity Bank mobile banking through its app, the institution enables customers to efficiently manage accounts, pay bills, and conduct transfers. Emphasizing online security, dedicated customer care is available at (888) 733-5041 to assist with digital banking or account-related queries.

Providing a range of loans and a digital banking system, customers can manage accounts, pay bills, and make transfers. Tools like the loan calculator and interest rates on fd aid financial planning. Recognition from the International Finance Corporation for climate financing reporting excellence underscores a commitment to sustainable finance and positive community impact.

Equity Bank provides a comprehensive digital banking experience through its Equity Mobile App, replacing the EazzyBanking platform. Customers can conveniently access various digital financial services in one location, managing accounts, paying bills, purchasing equity selfservice portal airtime, transferring funds, and more.

 

Equity Bank offers a comprehensive digital banking experience through its equity mobile app, replacing the EazzyBanking platform. Customers can conveniently access various digital financial services in one location, managing accounts, paying bills, purchasing airtime, transferring funds, and more.

The services, including online banking, equity m banking, and the equity self-service portal, provide a convenient and versatile suite of tools for managing finances.

You can explore equity bank jobs, in areas such as HR, underwriting, accounting, and commercial lending. The bank emphasizes a challenging and rewarding work environment, offering competitive compensation and growth prospects.

Open positions can be found on platforms like Glassdoor, Equity Bank’s website, and ZipRecruiter, with the bank actively encouraging qualified candidates from diverse backgrounds to apply as an Equal Opportunity Employer.

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