DTB joins the UN Principles for Responsible Banking

Diamond Trust Bank (DTB) has made a significant stride in promoting sustainability within the banking sector by endorsing the United Nations Principles for Responsible Banking.

This global framework for a sustainable banking industry was developed through collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

The UN Principles for Responsible Banking offer a detailed structure for banks to evaluate, manage, and reduce their environmental and social impacts while capitalizing on opportunities to transition toward more sustainable economies.

This commitment extends across DTB Group franchises in Kenya, Uganda, and Tanzania, representing a unified regional effort to adopt and implement responsible banking practices.

During the signing ceremony held in Nairobi on August 26, DTB Group CEO and Managing Director, Nasim Devji, highlighted the significance of this commitment, stating, “Signing the UN Principles for Responsible Banking demonstrates our dedication to sustainability and responsible banking. It reflects our purpose to enhance the quality of life for all our stakeholders in a sustainable and impactful manner. It underscores our determination to integrate sustainable practices into every facet of our business. We are proud to be part of this global initiative and look forward to making meaningful progress toward a sustainable future.”

These principles urge banks to lead by example, showcasing how banking products, services, and relationships can drive the necessary changes to achieve shared prosperity for both people and the planet. Under these Principles, DTB will identify and assess the environmental and social impacts of its business activities, set and pursue targets in areas where it can have the greatest impact, and regularly report on its progress to the public.

In a separate media briefing in Uganda, DTB Uganda CEO, Godfrey Sebaana, emphasized the bank’s pivotal role in advancing the Sustainable Development Goals (SDGs). He remarked, “We are uniquely positioned to influence businesses and consumers by financing projects that address climate change, reduce inequality, and promote sustainable consumption. As intermediaries of capital, banks can expedite the transition to a more sustainable economy, contributing to the achievement of the SDGs by 2030 and beyond. By integrating ESG considerations into our lending, investment, and advisory services, banks can foster economic growth that is inclusive and environmentally responsible.”

DTB’s commitment to sustainability is about setting the standard for responsible banking practices. “Transparency is a cornerstone of our sustainability strategy, and we are committed to regular and comprehensive reporting on our sustainability performance in alignment with global standards,” Sebaana said.