NCBA Group has published its inaugural Sustainable Development Impact Disclosure (SDID). It is the first African financial institution to adopt the new guidelines released by the Impact Disclosure Taskforce.
Developed with the support of J.P. Morgan and Blaylock Van, the report demonstrates NCBA’s commitment to transparency and accountability in advancing sustainable development goals.
“NCBA’s leadership in publishing the SDID establishes a new benchmark for transparency and accountability in advancing measurable sustainability goals,” Nyagaka Ongeri, President, Blaylock Van says.
In the report, NCBA aims to contribute to 10 UN Sustainable Development Goals, including poverty reduction, quality education, gender equality, and climate action.
The report outlines ambitious goals, including mobilizing KES 30 billion for green financing, planting 10 million trees, and eliminating single-use plastics by 2030.
In addition, the SDID framework will guide NCBA’s efforts to drive transformative change in Kenya through financial inclusion, sustainable financing, and community engagement.
Nyagaka Ongeri, President, Blaylock Van ,John Gachora, Group Managing Director, NCBA and Sailepu Montet, Chief Representative Officer, J.P. Morgan during the launch of the Africa on Sustainable Development Impact Disclosure report.
Subsequently, NCBA plans to expand the SDID framework to its operations in Tanzania, Rwanda, Uganda, and Ivory Coast, ensuring consistent and measurable impact across its markets.
“We are committed to acting beyond the rhetoric and building a legacy of sustainability. This report demonstrates our dedication to accountability and transparency in driving this commitment,” said John Gachora, Group Managing Director, NCBA.
The Impact Disclosure Taskforce
The Impact Disclosure Guidance, developed by the Impact Disclosure Taskforce, provides a framework for companies to measure and disclose their contribution to the UN Sustainable Development Goals.
This guidance aims to enhance transparency, accountability, and informed investment decisions within the global capital markets.
“NCBA’s SDID provides valuable insights for investors seeking to align their portfolios with sustainable development goals,” Sailepu Montet, Chief Representative Officer, J.P. Morgan, added.
