Nairobi, March 15, 2023:Diamond Trust Bank (DTB) has today announced a commitment to grow its lending to green projects to a quarter of its loan book by 2030. The Bank has also committed to achieve net zero carbon emissions status across its group operations by the same time, which is in seven years.

DTB will also grow 10 million trees by 2030 through its #MuchMoreThanTrees initiative, as part of its efforts to help mitigate climate change.

The Bank announced the commitments during its inaugural Economic and Sustainability Forum held at the Crowne Plaza in Nairobi themed “Embedding Sustainability in Businesses”.

The sustainability forum is informed by DTB’s efforts to meet its 2030 targets, guided by the Greenhouse Gas Protocol. Under the protocol, the Bank is currently measuring its carbon emissions which are within DTB’s control.

The forum was geared towards sensitizing DTB’s customers, suppliers and partners on sustainable business practices that allow for carbon footprint measures and practices to enable DTB achieve a net zero status.

The move will see DTB source at least 50 per cent of its procurement needs from green vendors within its supply chain portfolio by 2030, as the bank also seeks to encourage its partners to measure and report their carbon status.

At the forum, DTB Chairman Linus Gitahi said: “At DTB, we are cognizant that we have a role in the climate change battle, as a responsible corporate citizen. Stakeholder engagement and awareness is crucial for us as we crystallize our Environmental, Social and Governance (ESG) strategy.”