By Jabali Media
Equity Bank Group on Tuesday launched its suitability report for the year 2023.
Themed “a sustainable world is a transformed Africa,” the report speaks on among others, the significant role that global substantiality practices can have on transformation of the African continent.
It showcases Equity’s dedication to sustainable business practices and the integration of Environmental, Social, and Governance (ESG) aspirations.
Speaking during the unveiling of the report, Equity Group Managing Director and CEO, Dr.James Mwangi, said, “Today, our business model encompasses a tri-engine approach with an economic focus, a social focus, and a nature, and environmental focus, all working to achieve positive impact”
“We have not only applied our efforts to realising social impact, but also have a strong focus on environmental and nature stewardship, promoted through an intentional approach to addressing our own footprint and imparting knowledge to de-risk and empower our broader ecosystem. Additionally, we understand that a sustainable future requires mindful consideration of our impact on the planet, and this report demonstrates how Equity is leading the charge in this effort.”
On his part, Professor Isaac Macharia, Chairman of Equity Group, underscored the importance of the report in providing an unwavering vision to be a catalyst for sustainable, socio-economic prosperity in Africa.
“As a purpose-led institution, we understand the important role we play both in the economy and society. We strongly believe that deepening sustainability is not just a moral imperative, but also critical for the long-term health of the business, as sustainable institutions are better placed to thrive and create value for all stakeholders in the long term,” said the Professor.
According to the Group, the 2023 sustainability report epitomises Equity Bank’s s proactive approach to driving positive change in society, and continues to attract global accolades with Brand Finance ranking the Bank as the Second Strongest banking brand in the World, and as the Most Valuable Brand in East and Central Africa.
In addition, the International Finance Corporation (IFC) ranked the Group as the global leader with the highest number of climate-related transactions among 258 financial institutions worldwide.
The Group also earned the recognition of Euromoney as the Best Bank for Corporate Social Responsibility in Africa for 2 years running.
