NCBA’s Green Path: Leading By Example In Environmental Protection

By Steve Biko Wafula / Published June 13, 2024 | 9:00 am



NCBA

As climate change continues to pose a significant threat to our planet, corporations are increasingly stepping up to address environmental challenges.

NCBA Group, a leading financial institution in Africa, is setting a benchmark for corporate social responsibility (CSR) with its comprehensive and impactful environmental initiatives.

These efforts, focusing on tree planting, carbon credits, eco-friendly products, and the protection of water towers, demonstrate the company’s commitment to sustainability and offer a model for other stakeholders to follow.

Tree Planting

Tree planting is a cornerstone of NCBA’s environmental strategy. The company has committed to planting 10 million trees by 2030, with over 300,000 already planted in 2023. This initiative is part of a broader strategy to combat climate change by leveraging the natural carbon storage capabilities of trees.

Forests are crucial for sequestering carbon dioxide, and large-scale tree planting can significantly mitigate carbon emissions. For instance, one hectare of woodland can lock up to 400 tons of carbon, making afforestation a vital tool in the fight against climate change.

Read Also: NCBA To Start “Adopting” Schools In A Push To Plan 10 Million Trees By 2030

Mobilizing Green Financing

NCBA is not just planting trees; it is also mobilizing substantial financial resources to support green initiatives. The group has pledged to mobilize Sh30 billion for sustainable financing by 2030.

This financial commitment is aimed at fostering projects that promote environmental sustainability, including renewable energy, sustainable agriculture, and eco-friendly infrastructure. Such investments are critical for transitioning to a low-carbon economy and ensuring long-term environmental resilience.

Addressing Climate Change Through Comprehensive Strategies 

The group’s environmental initiatives go beyond tree planting. NCBA is focused on eliminating single-use plastics, ensuring 100 percent waste recycling, and greening its supply chain. These efforts are complemented by plans to deploy electric vehicle (EV) charging stations across the region, promoting the adoption of clean transportation.

Moreover, NCBA’s commitment to conducting a group-wide carbon audit and setting a 50 percent reduction target indirect emissions by 2030 aligns with the goals of the Paris Agreement, emphasizing the importance of reducing both operational and financed emissions.

Read Also: NCBA To Finance Up To 90% For Those Buying New Cars From Inchcape

Engaging Communities and Stakeholders

NCBA’s approach to environmental sustainability involves significant community engagement. The “Change the Story” initiative aims to empower the public with knowledge and tools to take action against climate change.

By mobilizing its 3,000-strong workforce and deploying over KES 100 million annually to support community projects, NCBA ensures that its sustainability efforts have a grassroots impact.

Engaging local communities not only enhances environmental awareness but also fosters a sense of ownership and responsibility towards the environment.

The Role of Carbon Credits

In addition to direct environmental actions, NCBA is exploring the use of carbon credits to offset emissions. By investing in projects that reduce greenhouse gases, such as reforestation and renewable energy, NCBA will earn carbon credits that contribute to its overall sustainability goals. This approach not only helps the company achieve its emission reduction targets but also supports global efforts to create a market for carbon, incentivizing further environmental initiatives.

Protecting Water Towers 

Water towers, critical sources of fresh water, are also a focus of NCBA’s environmental strategy. The protection and restoration of these ecosystems are essential for maintaining water quality and availability, which are vital for both human consumption and agricultural use.

NCBA’s initiatives to protect water towers contribute to broader environmental health and biodiversity, ensuring that these crucial resources are preserved for future generations.

A Call to Action

NCBA’s leadership in environmental protection is a testament to the power of corporate responsibility. By setting ambitious goals and investing in comprehensive sustainability initiatives, NCBA is making a significant impact on the fight against climate change. Other stakeholders, including businesses, governments, and individuals, are encouraged to follow suit and support these efforts. The collective action is crucial for creating a sustainable future, and NCBA’s example provides a roadmap for achieving this goal.

Supporting NCBA’s initiatives not only helps in addressing environmental challenges but also strengthens the fabric of our communities. Through collaborative efforts and a shared commitment to sustainability, we can create a healthier, more resilient planet for generations to come.

Read Also: Why NCBA’s Push For Green Financing Should Be Emulated




About Steve Biko Wafula

Steve Biko is the CEO OF Soko Directory and the founder of Hidalgo Group of Companies. Steve is currently developing his career in law, finance, entrepreneurship and digital consultancy; and has been implementing consultancy assignments for client organizations comprising of trainings besides capacity building in entrepreneurial matters.He can be reached on: +254 20 510 1124 or Email: info@sokodirectory.com

View other posts by Steve Biko Wafula


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