In collaboration with Adelphi, an advisory initiative has been launched to support Kenya Commercial Bank (KCB) in identifying and managing climate-related risks within its operations. The objective is to equip KCB with the tools, methodologies, and capacity required to integrate climate risk assessments into its lending practices, particularly within key sub-sectors and value chains.
The advisory engagement focuses on:
- Assessing Climate Risks: Identifying physical and transition climate risks within KCB’s portfolio.
- Stress-testing: Developing a methodology for conducting a climate stress test on bank’s assets.
- Client Adaptation Measures: Proposing actionable strategies for KCB’s clients to adapt to climate challenges.
- Climate Risk Integration: Embedding climate risk evaluation into KCB’s management and operational frameworks.
- Capacity Building: Enhancing the institution’s ability to address climate-related risks effectively and sustainably.
This partnership is part of ongoing efforts to mainstream climate considerations within financial institutions, aligning with global best practices and regulatory frameworks. By adopting a proactive approach to climate risk management, KCB aims to foster resilience in its operations and among its clients, contributing to broader sustainability goals.
The advisory team brings extensive expertise in climate risk management, with a track record of advising financial institutions worldwide. Their work includes accelerating decarbonization investments, scaling green technologies, and advancing climate-aligned strategies.
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FINANCE FOR IMPACT is a sustainable finance advisory firm. It guides organizations to deliver on their sustainability commitments.