In a move signifying its commitment to environmental sustainability, ABC Bank has joined the Greening Financial Systems Technical Assistance Programme (GFS TAP) of the European Investment Bank (EIB).<\/p>\n
The partnership aims to help ABC Bank enhance its climate risk management framework in line with global standards, including those set by the Central Bank of Kenya<\/p>\n
Over the coming months, ABC Bank\u2019s staff from various organizational units will work closely with the technical advisory experts from the EIB and Development Alternatives Inc (DAI) to enhance the Bank\u2019s green financing initiatives.<\/p>\n
The collaboration commenced with a workshop attended by ABC Bank\u2019s staff and consultants from DAI, led by Mr. Marjan Stojiljkovi\u0107 and Mr. Enrique Rebolledo.<\/p>\n
The importance of ABC Bank\u2019s involvement in the GFS TAP and the adequacy of provided technical assistance was emphasized by Mr. Shamaz Savani, ABC Bank\u2019s Group Managing Director, and Ms. Dragana Tanasi\u0107, the GFS TAP Programme Manager.<\/p>\n
Earlier, on November 8th 2023, the Bank and the EIB signed the Cooperation Agreement in the field of green finance.<\/p>\n
Speaking during the launch, Mr Shamaz\u00a0 Savani said joining the Greening Financial Systems Programme of the EIB marks a significant milestone in their journey towards environmental sustainability.<\/p>\n
\u201cThis collaboration will strengthen ABC Bank\u2019s efforts to integrate climate risks into our risk management framework and align our operations with global standards. With the support of EIB and DAI experts, we are confident that we will enhance our green financing initiatives, creating a more conducive environment for green investments and effectively managing climate risks. We look forward to making meaningful contributions to a healthier environment and a better society for all, thanks to the partnership\u201d he stated.<\/p>\n
The initiative is made possible through the EIB\u2019s International Climate Initiative Fund (IKI Fund), on behalf of the German Federal Ministry of Economic Affairs and Climate Action (BMWK). It is a joint contribution by BMWK and the EIB to the work of the NDC Partnership, specifically the \u2018Readiness Support for Greening Central Banks\u2019 initiative.<\/p>\n
Through the program, ABC Bank staff will receive support to create a conducive environment for green investments, manage climate risks, enhance capacity, and share best practices for increasing the participation of green investments in its portfolio. They will also analyze opportunities for green financing for their clients, contributing to a more sustainable economy.<\/p>\n
\u201cThrough our tailored support, ABC Bank will enhance its risk management framework and pave the way for a more sustainable economy by promoting green investments. This partnership sets a commendable example for other financial institutions considering green financing and I am confident that our collaboration will yield significant positive outcomes for both ABC Bank and the broader community.\u201d Ms. Dragana Tanasi\u0107 added.<\/p>\n
\u201cThis partnership underscores ABC Bank\u2019s commitment to responsible and efficient green financing while aligning with international standards for managing climate-related financial risks, which will contribute to a healthier environment and a better society for all\u201d Shamaz noted.<\/p>\n
The post ABC Bank joins the EIB Greening Financial Systems Programme<\/a> first appeared on KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In a move signifying its commitment to environmental sustainability, ABC Bank has joined the Greening Financial Systems Technical Assistance Programme (GFS TAP) of the European Investment Bank (EIB). The partnership aims to help ABC Bank enhance its climate risk management framework in line with global standards, including those set by the Central Bank of Kenya […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46099","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/46099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=46099"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/46099\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=46099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=46099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=46099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}