- Climate adaptation and water efficiency – 66%
- Energy efficiency and transport – 28%
- Renewable energy – 6%
Equity Bank Kenya recognized for climate financing reporting excellence by the IFC
Equity Bank Kenya has been recognized as the top global performer by the International Finance Corporation (IFC), a member of the World Bank Group, for the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting.
Equity Bank reported the highest number of transactions for climate-related financing among the
258 participating financial institutions globally. CAFI is a tool developed by the IFC to enable its
clients and partners across 210 countries to report on their financing activities for climate-related
projects.
Equity Bank Kenya supported a total of 47,593 households and businesses in adopting adaptive
and mitigating solutions to address the negative impacts of climate change. The support ranged
from climate loan facilities as low as KES 6,000 for purchasing energy-efficient cookstoves in the
retail sector to as high as Kes 8.54 billion to finance renewable energy distribution from
renewable sources, including hydro, geothermal, and wind. These efforts have resulted in an
overall reduction of 39,917.4 tons of CO2eq annually.
By October 2023, Equity Bank Kenya had disbursed Kes 24.7 billion as follows: