DTB commits to UN principles for responsible banking

Diamond Trust Bank (DTB) has reinforced its commitment to sustainability by signing the United Nations Principles for Responsible Banking.

This global framework, developed in partnership with the United Nations Environment Programme Finance Initiative (UNEP FI) and banks worldwide, guides the industry in managing environmental and social impacts while fostering sustainable economies.

This commitment spans DTB Group's operations in Kenya, Uganda, and Tanzania, reflecting a unified regional approach to responsible banking. Speaking at the signing ceremony in Nairobi, DTB Group CEO and Managing Director, Ms. Nasim Devji, highlighted the significance of this pledge.

“Signing the UN Principles for Responsible Banking is a testament to our commitment to sustainability. It underscores our dedication to integrating sustainable practices into every aspect of our business,” she said.

The UN Principles urge banks to lead by demonstrating how their products and services can drive positive environmental and social changes.

Under these guidelines, DTB will assess the impacts of its business activities, set targets where it can make the most difference, and regularly report on its progress.

In Uganda, DTB Uganda CEO, Godfrey Sebaana, emphasized the bank's role in advancing the Sustainable Development Goals (SDGs).

He said: “We are uniquely positioned to influence businesses and consumers by financing projects that address climate change, reduce inequality, and promote sustainable consumption.”

He added that DTB's approach includes incorporating ESG considerations into lending, investment, and advisory services, promoting inclusive and environmentally responsible economic growth.

DTB's proactive stance, including raising sustainable finance and developing green financial products, aims to align growth with positive societal impact, cementing its position as a leader in responsible banking.