Family bank joins U.N global compact network
Family bank has joined the United Nations global compact network underscoring its commitment to undertaking sustainable and responsible business to advance inclusive development.
The membership is in line with the bank’s 2020 – 2024 strategic plan, dubbed ‘take-off’ that is aligned to 13 of the 17 U.N’s sustainable development goals and the U.N’s environment programme finance initiative on responsible banking and sustainable financing.
The lender becomes the fourth bank to commit to building a sustainable business in Kenya and joins more than 12,000 member companies in over 160 countries that are aligning their operations and strategies to universal principles on human rights, labour, environment and anti-corruption.
“We pride ourselves in empowering families, the core unit of any society, through sustainable social investment programmes that resonate with our customers. Currently, these Shared Value Initiatives focus on youth via education through High School scholarships and mentorship programmes, inclusive education for children with special needs, nurturing sports talent, agribusiness, construction, Information & Communications Technology (ICT), water, sanitation and hygiene (WASH) as well as environmental conservation for climate change adaptation. The Bank has set aside KES 300M to advance these initiatives through the Family Group Foundation,” said Family Bank CEO Rebecca Mbithi.
This membership will facilitate the Family Bank to take strategic action towards broader societal goals using a principle-based approach to significantly contribute to the attainment of the global Sustainable Development Goals (SDGs) by 2030.
Having been founded in 2000, the United Nations Global Compact is a call for private sector companies everywhere to align their operations and strategies with the Ten Principles in the areas of human rights, labour, environment and anti-corruption