KCB Group is leading the way in sustainable banking by adopting solar energy solutions in its branches. The bank has successfully installed solar panels in two branches as a pilot project and plans to extend this initiative to 19 more branches by the end of 2025. This move addresses frequent power outages, reduces reliance on diesel generators, and lowers operational costs while mitigating environmental impact.
The latest annual report from KCB highlights a significant increase in fuel costs due to power outages, which prompted the decision to embrace solar energy. By mapping areas with frequent power disruptions, KCB identified branches that would benefit most from solarisation. This initiative, along with upgrades to machinery and equipment, aims to enhance energy efficiency across its operations. Additionally, KCB has installed energy-saving lights in 108 branches, further reducing electricity consumption by 2%.
KCB’s commitment to sustainability extends beyond its operations. The bank conducted environmental and social due diligence on Sh615 billion in loans last year, ensuring that its financing activities align with environmental protection goals. This strategic shift not only supports KCB’s operational efficiency but also reinforces its role as a responsible corporate citizen, contributing to a greener future for Kenya.
