Climate related financial disclosures template launched

  • | Citizen TV
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    Kenyan banks have collectively vowed to make lending decisions that will be sustainable in the long run in light of climate-related concerns. This was the key pledge made by banks during the just concluded Africa Climate Summit, where lenders showcased progress made in adopting sustainable banking practices. The lenders launched a Climate-Related Financial Disclosures template based on the four pillars; namely Governance, Strategy, Risk Management and Metrics & Targets. The new tool will allow commercial banks to comply with the Central Bank Guidance on Climate-Related Risk Management launched in 2021.