• Home
  • About
    • About Hapa Kenya
    • Privacy Policy
  • Advertise
  • Contact
  • Terms
  • Home
  • About
    • About Hapa Kenya
    • Privacy Policy
  • Advertise
  • Contact
  • Terms
HapaKenya
 logo
  • Life

    Life

    See all
    • The hunt for Kenya’s best content creators on as BAKE Awards 2025 kicks off

      September 10, 2025
    • Safaricom launches new data bundles for online taxi drivers & Boda Boda operators

      September 9, 2025
    • The Omolo Agar School gets Ksh. 35M for learning facilities from M-Pesa Foundation

      September 9, 2025
    • Events
  • Business

    Business

    See all
    • Africa Food Prize

      Kenya loses Ksh. 72 Billion to food waste, WRI report warns

      September 10, 2025
    • Safaricom launches new data bundles for online taxi drivers & Boda Boda operators

      September 9, 2025
    • Airtel breaks ground on a 44MW data center in Kenya

      September 9, 2025
  • Tech

    Tech

    See all
    • The hunt for Kenya’s best content creators on as BAKE Awards 2025 kicks off

      September 10, 2025
    • Safaricom launches new data bundles for online taxi drivers & Boda Boda operators

      September 9, 2025
    • Airtel breaks ground on a 44MW data center in Kenya

      September 9, 2025
  • Entertainment

    Entertainment

    See all
    • Webi to headline “Miale by Cheche Sessions” at Spills House

      September 10, 2025
    • Idd Aziz becomes first Kenyan to perform at Burning Man

      September 9, 2025
    • Kenya’s Mona Ombogo among screenwriters selected for the 2025 AuthenticA Series Lab

      September 8, 2025
  • Travel
  • Sports
  • Health
  • Bars + Restaurants
  • Drinks
  • Trending

    Trending

    NowWeekMonth
    • 26

      How to make pilau

      1
    • 22

      15 places you can get quick loans in Kenya in 2021

      2
    • Absa
      21

      105 Absa Bank employees acquire digital skills at Strathmore University

      3

Standard Chartered launches first sustainable account in the Kenyan market

Grace MathekaApril 29, 2024
1 min read
Shares

Standard Chartered Bank has announced the launch of its first Sustainable Account in Africa. This is in response to the steadily growing momentum in the sustainable finance space.

According to Standard Chartered, the Sustainable Account is aligned to it’s commitment to enhance access to sustainable finance. What’s more, the Sustainable Account provides clients an opportunity to participate in sustainable development by having surplus cash referenced against Standard Chartered’s sustainable loans and projects.

Kenya was the first African market to adopt the new solution, following its launch in the United Kingdom, the UAE, Singapore, China and the USA.

Cash placed into the Sustainable Account will be referenced against projects aligned with the Bank’s Green and Sustainable Product Framework. This framework guides what qualifies as ‘green’ and ‘sustainable’ and is mapped against the SDGs, allowing the Bank’s customers to contribute towards sustainable development without having to evaluate and track complex sustainable projects.

The Account also enables clients who wish to adopt sustainability and responsible business practices. This includes reducing their carbon footprint or promoting social equity to do so without necessarily allocating separate funding for projects.

The StanChart Sustainable Account is developed with the support of Sustainalytics, an independent provider of environmental, social and governance (ESG) research and ratings. This means that the Bank’s corporate clients do not need to allocate additional resources for sustainability initiatives, which often require separate assessments. They can also easily understand the impact of the Sustainable Finance assets that their deposits are referenced against by referring to the Bank’s Sustainable Finance Impact Report, which is released annually.

Makabelo Malumane, Head of Transactional Banking at Standard Chartered said, “We understand the challenges that businesses face when it comes to executing tangible sustainable initiatives as they adapt to the need for more impactful investments. The Sustainable Account allows our customers to use their deposits as a force for good, enabling them to contribute to sustainable development while maintaining daily access to their cash.”

The launch of the Sustainable Account follows Standard Chartered’s closure of the largest Sustainability Linked Loan in the region. This aligns with the Bank’s ambition to combine its local and global expertise to unlock sustainable and inclusive growth across its markets.

Share On
Tweet

Related Posts

  • Grounding of Dreamliners causes Kenya Airways to swing to a Ksh. 12B loss

    Makena Ndung'uAugust 26, 2025
  • Standard Chartered sustainability strategy delivers Ksh. 2.99B in income & expands community impact

    Samson NderiJuly 21, 2025
  • Kenya Airways sets dates for Dreamliner fleet return, aims for 85% capacity recovery

    Samson NderiJuly 16, 2025
  • Standard Chartered & Prudential target Kenya’s affluent with Ksh. 500M insurance cover

    Samson NderiJuly 15, 2025
  • Standard Chartered deploys blended finance to tackle Africa’s $130 Billion infrastructure gap

    Samson NderiJuly 15, 2025
  • Kenya Airways expands UK footprint with new direct flights to London Gatwick

    Samson NderiJuly 3, 2025

Archives

Trending

Fairtrade Africa launches new strategy to build resilience for African farmers

September 10, 2025
Africa Food Prize

Kenya loses Ksh. 72 Billion to food waste, WRI report warns

September 10, 2025

Webi to headline “Miale by Cheche Sessions” at Spills House

September 10, 2025

The hunt for Kenya’s best content creators on as BAKE Awards 2025 kicks off

September 10, 2025

Safaricom launches new data bundles for online taxi drivers & Boda Boda operators

September 9, 2025

Airtel breaks ground on a 44MW data center in Kenya

September 9, 2025

Kenya to host the 2026 Aviation Africa Summit in September in Nairobi

September 9, 2025

Borohoa la Nazi recipe: A Swahili lentil stew

September 9, 2025

Healthcare leaders urge safer care for newborns & children on World Patient Safety Day

September 9, 2025

Co-operative Bank now has ISO/IEC 27001:2022 certification for information security management

September 9, 2025
  • About
  • Advertise
  • Contact
  • Privacy Policy
© 2018 HapaKenya Media Ltd. - All rights reserved