Co-operative Bank scoops Sustainable Finance Catalyst award

Friday, November 15th, 2019 16:49 | By
Co-operative Bank of Kenya CEO Gideon Muriuki.

Co-operative Bank has scooped the Kenya Bankers Association (KBA) 2019 Sustainable Finance Catalyst award as the best overall.

Co-op Bank emerged top on building a sustainability strategy that enables people, businesses and society to grow sustainably in the long-term.

Commenting after clinching the overall winner award, Gideon Muriuki, chief executive and managing director of Coop Group said the lender has fully integrated sustainability into the bank’s business model.

This is the second time in as many years that Co-op Bank has emerged victorious in the sustainable finance awards category, having won again in 2017.

Muriuki said their model adopted stands on the three pillars of Economic sustainability, Social sustainability and Environmental stewardship.

“As a bank that is predominantly-owned by the 15 million-member Co-operative Movement, we are inclusive by design that has not only enabled us to deliver shared prosperity today, but also helped us build awareness and prudence to avoid putting future generations in jeopardy.”

Catalyst award was launched in 2016 by KBA. The winner of the competition is chosen among commercial banks which practice catalytic finance and has a direct impact on the financial industry, the economy and the society at large.

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