IESG Kenya Financial Institutions (IFC-607343)

  • Kenya
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 21, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
  • Finance
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 26, 2023

Disclosed by Bank Jun 6, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project focuses on supporting Kenyan industry associations and market intermediaries targeting the financial sector (predominantly the banking sector) and Kenyan financial institutions on sustainable finance, ESG and climate risk management and disclosure. It will conduct activities across three components:
(1) Guidelines on sustainability and climate disclosure: IFC will support the Kenyan Bankers Association (KBA), a member of the Sustainable Banking and Finance Network, on guidelines to be implemented on voluntary basis by their members. The guidelines will complement KBA’s Sustainable Finance Initiative Principles on E&S risk management as well as the Central Bank of Kenya’s guidance on climate related risk management by focusing on disclosure aspects of sustainability and climate adaptation/mitigation.
(2) Build market demand and capacity: IFC will raise awareness on the importance and business case for good ESG risk management practices in the financial sector as well as sustainability and climate reporting. It will also develop a training course on ESG risk management targeted at KBA members and geared at supplementing KBA’s existing e-learning offering.
(3) Provide hands on support to individual financial institutions: in-depth and customized advice to IFC potential and existing investees which may include diagnostics/assessments, training, development of ESG policies and guidance on implementation of good ESG practices in alignment with the IFC Performance Standards and Corporate Governance methodology. The focus will be on the governance of sustainability (including corporate governance) and E&S management systems for financial institutions.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the association's website, the Kenya Bankers Association was registered as an Industry Association on 16th July 1962 by the Registrar of Trade Unions. In its formative years, the main aim of the Association was to cater for the interests of the member banks in negotiating terms and conditions of service of its unionisable employees and as far as possible standardize management practices so as to ensure harmony in the industry.
Over time, the ambition of the Association evolved to include promoting industry development and economic growth by engaging the government and sector regulator, Central Bank of Kenya. This KBA ambition was reinforced in 2012 when the Association launched its new brand and ambition statement: One Industry. Transforming Kenya.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Kenya Bankers Association Client Finance

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Executing Agency - Kenyan Bankers Association:

Address: Kenya Bankers Association, 13th Floor, International House, Mama Ngina Street, Nairobi, 73100 – 00200 Nairobi, Kenya
Phone: +254-20-2221704 / +254-20-2217757 or +254-20-2224014 / +254-20-2224015


You can submit a request for information disclosure at:

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works