Equity Group has unveiled its 2023 Sustainability Report, themed “A Sustainable World is a Transformed Africa.”
This report underscores the Group’s commitment to advancing sustainability by enhancing its strategy from a twin-engine model to a holistic tri-engine approach that focuses on social, economic, and environmental factors.
This comprehensive strategy aims to accelerate actions in key sustainability areas such as Environmental, Social, Climate, and Nature risk management, climate finance, and socio-economic resilience support.
The report highlights the crucial role that natural capital plays in Africa’s economy. Equity Group has taken a leading role in this area by becoming an early adopter of the Task Force on Nature-related Financial Disclosures (TNFD).
This initiative has led to the incorporation of natural risk in decision-making processes and the first nature and biodiversity risk assessments in its mining and agricultural sectors.
A significant achievement noted in the report is the creation of 1,266,182 cumulative jobs through the Young Africa Works Programme.
This initiative reflects the Group’s dedication to empowering communities and fostering economic growth.
Additionally, Equity Group has earned recognition from Euromoney as the Best Bank for Corporate Social Responsibility in Africa for two consecutive years, emphasizing its commitment to positive social impact.
Equity Group continues to lead in climate financing, emerging as a key player among 258 global financial institutions.
With a remarkable 47,000 climate transactions aimed at addressing climate change, the Group sets a benchmark for others in the industry.

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The report emphasizes that sustainable practices are not just beneficial for the environment but are also crucial for long-term business success.
During the report’s launch, Dr. James Mwangi, Managing Director and CEO of Equity Group, stated, “Today, our business model encompasses a tri-engine approach with an economic focus, a social focus, and a nature and environmental focus, all working to achieve positive impact.” He highlighted the need for mindful consideration of the Group’s impact on the planet, demonstrating how Equity is leading the charge in sustainability efforts.
Professor Isaac Macharia, Chairman of Equity Group, underscored the report’s importance in providing a vision for sustainable socio-economic prosperity in Africa. He stated, “As a purpose-led institution, we understand the important role we play both in the economy and society. We strongly believe that deepening sustainability is not just a moral imperative, but also critical for the long-term health of the business.”
The report also emphasizes the importance of collaboration with various stakeholders, including Development Finance Institutions (DFIs) and global partners.
Equity Group recognizes that achieving sustainable transformation in Africa requires a collective effort. By fostering strategic partnerships, the Group aims to deliver impactful social and commercial outcomes.
Zainab Bangura, UN Under-Secretary-General, commended Equity for exemplifying how businesses can prioritize sustainability while achieving profitability. She stated, “Sustainable development requires an integrated approach that considers both environmental concerns as well as social development.”
The 2023 Sustainability Report encapsulates Equity Group’s proactive approach to driving positive change across Africa.
By focusing on sustainable practices, social empowerment, and environmental stewardship, the Group is not only transforming its operations but also setting a precedent for others in the industry.
As Equity Group continues to navigate the complexities of sustainability, its efforts will undoubtedly play a crucial role in shaping a more resilient and prosperous Africa.