The Catalyst Awards for 2019, which are championed by the Kenya Bankers Association (KBA), are set to recognize institutions which have in one way or another, incorporated Sustainable Finance Practices in their operations.
This will be slightly different from the previous years, where the awards mainly focused on institutions which practised catalytic finance, which has a direct impact on the economy at large,
The award accepts entries from members of KBA, non-KBA banks, mobile network operators offering financial services or financial institutions, including development finance institutions, microfinance banks, pension funds, insurance companies and government agencies, which will then be given an opportunity to demonstrate their leadership and innovation, while reinforcing the role they play towards sustainable development.
Entries, whose submission started on 10th June 2019, will be closed on 10th September 2019, which will be followed by the shortlisting and judging of nominees from September to October 2019.
The Awards ceremony will be held later in November 2019.
Sustainable Finance Initiative (SFI) Guiding Principles whose main objectives are guiding the banks in balancing their business goals with the economy’s development priorities and socio-environmental concerns, was adopted by the Kenya banking industry in March 2015.
The SFI principles operate on the priorities such as equipment of the financial sector to perform optimally in comprehensive risk management, promoting industry growth by encouraging innovation, and improving business practice.
The Catalyst awards enable institutions to attract clients and partners thereby contributing to further business success.
