Absa Bank Kenya is significantly scaling up its green finance initiatives, disbursing KSh 47 billion in sustainable finance during 2024, with a strong focus on environmental and social impact.

• Out of the total sustainable finance, KSh 4 billion was directly allocated to climate-related projects.
• Absa has committed to green 10% of its loan book by 2025 and 30% by 2035.
• Key sectors receiving funding include Renewable Energy, Energy Efficiency, Climate-Smart Agriculture (KSh 0.1 billion), and Green Buildings (KSh 1.3 billion), featuring the Upcyc Home Loan.
• A notable green loan of USD 650,000 was provided to Modular Real Estate EPZ Ltd for Kenya’s first green-certified repurposed warehouse.
• Absa’s inclusive finance efforts in 2024 included KSh 25.1 billion via Timiza digital loans and substantial support for MSMEs, low-income households, women-led businesses, and youth.
• The bank targets operational net-zero by 2040 and financed emissions net-zero by 2050, with operational progress like three branches running on 90%+ solar energy and 94% of waste recycled.