NAIROBI, Kenya, Aug 11 – KCB Group screened Sh268 billion in loans in 2016 for social and environmental risks as part of its tougher stance in managing climate change and commitment to green finance.
Screening is done to avoid and manage loans with potential social and environmental risks by conducting due diligence prior to loan disbursement.
The Bank said it has now fully integrated its Environmental and Social Management System into the lending process— for facilities to corporate and small and medium-sized enterprises clients—further aligning key business operations with the KCB’s Sustainability Agenda.
A total of 42 social environmental assessments were undertaken on 100 million facilities worth Sh268 billion last year.
This constitutes at least 70 per cent of the Bank’s loan book which stood at Sh385.7 Billion.