{"id":119735,"date":"2024-05-29T22:03:11","date_gmt":"2024-05-29T22:03:11","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management"},"modified":"2024-05-29T23:10:53","modified_gmt":"2024-05-29T23:10:53","slug":"abc-partners-with-european-bank-to-enhance-climate-risk-management","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management","title":{"rendered":"ABC partners with European bank to enhance climate risk management"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The Africa Banking Corporation (ABC) has joined the European Investment Bank\u2019s (EIB) Greening Financial Systems in a significant move towards environmental sustainability.<\/p>\n

The venture seeks to enhance ABC\u2019s climate risk management framework in alignment with global standards, including those set by the Central Bank of Kenya.<\/p>\n

Greening Financial Systems (GFS) technical assistance program provides tailor-made technical assistance to central banks, supervisors, and financial institutions to build climate-resilient financial systems around the world.<\/p>\n

Over the coming months, ABC bank staff from various departments will collaborate with technical advisory experts from the EIB and Development Alternatives Inc. (DAI) to advance the bank\u2019s green financing initiatives.<\/p>\n

The collaboration kicked off with a workshop attended by ABC bank staff and DAI consultants, led by Marjan Stojiljkovic\u0301 and Enrique Rebolledo.<\/p>\n

ABC\u2019s group managing director Shamaz Savani, and GFS program manager Dragana Tanasic\u0301 emphasized the importance of the bank’s involvement and the sufficiency of the technical assistance provided.<\/p>\n

The cooperation agreement between the two institutions was signed in November last year.<\/p>\n

During the launch, Savani noted that the partnership marked a milestone in the journey towards environmental sustainability.<\/p>\n

\u201cThis collaboration will strengthen ABC Bank’s efforts to integrate climate risks into our risk management framework and align our operations with global standards,\u201d he said.<\/p>\n

\u201cWith the support of EIB and DAI experts, we are confident that we will enhance our green financing initiatives, creating a more conducive environment for green investments and effectively managing climate risks,\u201d he remarked.<\/p>\n

GFS initiative is supported by the International Climate Initiative Fund (IKI Fund) on behalf of the German Federal Ministry of Economic Affairs and Climate Action (BMWK).<\/p>\n

It represents a joint effort by BMWK and the EIB in support of the NDC Partnership’s ‘Readiness Support for Greening Central Banks’ initiative.<\/p>\n

\u201cWe look forward to making meaningful contributions to a healthier environment and a better society for all, thanks to the partnership,\u201d Savani added.<\/p>\n

Through this program, ABC bank staff will receive assistance to foster an environment conducive to green investments, manage climate risks, enhance their capabilities, and share best practices for increasing green investments in their portfolio.<\/p>\n

They will also explore green financing opportunities for their clients, contributing to a more sustainable economy.<\/p>\n

Tanasic\u0301 on his part stated that through this, ABC bank will enhance its risk management framework and pave the way for a more sustainable economy by promoting green investments.<\/p>\n

\u201cThis partnership sets a commendable example for other financial institutions considering green financing, and I am confident that our collaboration will yield significant positive outcomes for both ABC Bank and the broader community,” he said.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The Africa Banking Corporation (ABC) has joined the European Investment Bank\u2019s (EIB) Greening Financial Systems in a significant move towards environmental sustainability. The venture seeks to enhance ABC\u2019s climate risk management framework in alignment with global standards, including those set by the Central Bank of Kenya. Greening Financial Systems (GFS) technical assistance […]<\/p>\n","protected":false},"author":84,"featured_media":119734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-119735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nABC partners with European bank to enhance climate risk management - kenya<\/title>\n<meta name=\"description\" content=\"The Africa Banking Corporation (ABC) has joined the European Investment Bank\u2019s (EIB) Greening Financial Systems in a sig ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABC partners with European bank to enhance climate risk management\" \/>\n<meta property=\"og:description\" content=\"The Africa Banking Corporation (ABC) has joined the European Investment Bank\u2019s (EIB) Greening Financial Systems in a sig ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-29T22:03:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-29T23:10:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/05\/sm_1717007304.455418.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ABC partners with European bank to enhance climate risk management\",\"datePublished\":\"2024-05-29T22:03:11+00:00\",\"dateModified\":\"2024-05-29T23:10:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management\"},\"wordCount\":456,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/05\/sm_1717007304.455418.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/abc-partners-with-european-bank-to-enhance-climate-risk-management\",\"name\":\"ABC partners with European bank to enhance climate risk management - 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