Why sustainability has moved from CSR corners to the boardroom
DEC 16 - As global politics question climate action, how can executives continue to promote sustainability in their companies? A decade ago, Kenya breaking news | Kenya news today |..
✨ Key Highlights
Sustainability has transitioned from a Corporate Social Responsibility (CSR) afterthought to a core business strategy in Kenya, driven by executive leadership and anticipated mandatory reporting regulations. Companies are increasingly integrating sustainable practices into their operations and financial decisions, despite mixed global sentiments.
- Absa Kenya’s Chief Financial Officer Yusuf Omari states sustainability is now central to business survival and competitiveness, emphasizing it creates shareholder value.
- In 2024, Absa channeled Sh47 billion into sustainable finance, including Sh4 billion for climate-smart projects, reflecting a broader trend among Kenyan banks like KCB and Equity Bank.
- Absa Bank introduced Kenya’s first Eco-Home Loan, offering up to 110% financing for energy-efficient homes, contributing to over KES 100 billion in green financing commitments this year across the sector.
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Treasury Rules Out Tax Hikes Amidst JKIA Upgrades and Corporate Sustainability Push - December 2025
Treasury Cabinet Secretary John Mbadi has announced that the Kenyan government will not introduce new tax hikes, stating that such measures would "milk Kenyans dry." The government is instead considering proposals to reduce existing taxes. In infrastructure development, Jomo Kenyatta International Airport (JKIA) is implementing new security upgrades, including shoe-on screening and facial recognition technology. These changes aim to modernize the passenger experience and enhance efficiency at Kenya's busiest airport. This occurs as sustainability transitions from a Corporate Social Responsibility (CSR) afterthought to a core business strategy in Kenya, driven by executive leadership and anticipated mandatory reporting regulations.
