Diamond Trust Bank (DTB)
Climate Impact & Sustainability Data (2023, H1 2022)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2,220.57 tCO2e
Renewable Energy Share:20% (DTB Centre)
Waste Generated:8 tons/year (paper)
ESG Focus Areas
- Climate action
- Sustainable financing
- Responsible supply chain
- Employee wellbeing and development
- Partnerships
- Citizenship
Environmental Achievements
- Installed a 300kW solar generation project to provide up to 20% of the energy needs of DTB Centre in Nairobi.
- Reduced electricity consumption by 12% between July and December 2023.
- Planted 37,034 trees
- Recycled 8 tonnes of paper generated from DTB Centre between September 2019 and December 2023.
Social Achievements
- #AchieveMoreGirl program impacted 5,000 girls from 19 schools.
- Financial literacy and enterprise development initiatives benefitted 250 women and 800 micro entrepreneurs.
- More than 600 employees donated an estimated 1,500 hours in 43 citizenship initiatives.
Governance Achievements
- Approved the Group’s Sustainability and Citizenship Master Plan.
- Enhanced governance structures and processes.
- Developed a sustainability policy, citizenship policy, climate-related risks policy, E&S risk management policy, and energy management policy.
Climate Goals & Targets
Long-term Goals:
- Plant 10 million trees by 2030
Medium-term Goals:
- 10 million customers banking with DTB by 2026
Short-term Goals:
- Plant 30,000 trees by 2025 and 100,000 by 2030
- Achieve carbon neutrality in own operations by 2030.
Environmental Challenges
- Tough operating environment in 2023, including subdued global economic growth, high inflation, tight financial conditions, and volatile foreign exchange markets.
- High credit risk environment and impact of a weakened shilling on distressed exposure.
- Service dilution and fraud.
Mitigation Strategies
- Robust strategy execution with precision and excellence.
- Enhanced credit monitoring and remediation framework.
- Investments in people, branch and digital footprint, and sustainability.
- Robust fraud detection systems and customer awareness campaigns.
- Defence-in-depth strategy anchored on zero-trust architecture.
Supply Chain Management
Responsible Procurement
- Enhanced supplier code of conduct to cover baseline sustainability practices.
- Affirmative procurement program to increase procurement spend on businesses owned by women, youth, and differently-abled.
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Heat stress
- Water stress
Transition Risks
- Policy and regulatory changes
- Technological risks
- Market risks
- Reputational and legal risks
Opportunities
- Sustainable finance solutions
- Green investments
Reporting Standards
Frameworks Used: International Integrated Reporting Framework, Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosures (TCFD)
Third-party Assurance: KPMG Kenya (financial statements), Scribe Services Kenya (governance audit)
UN Sustainable Development Goals
- 11 of the 17 UN SDGs
The Sustainability and Citizenship Master Plan aligns with the UN SDGs.
Reporting Period: H1 2022
Environmental Metrics
Waste Generated:6.2 tonnes of paper waste (since October 2019)
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Collected and recycled over 6.2 tonnes of paper waste since October 2019.
- Funded the drilling of 3 boreholes and construction of 40 water catchment springs, enabling over 20,000 households access safe water.
- Planted more than one million trees through the #MMTT campaign.
Social Achievements
- Hosted 3,200 participants over 8 financial literacy training sessions since 2019.
- Partnered with the National Government to implement the Credit Guarantee Scheme, disbursing over 130 loans amounting to KShs 283m+.
- Launched the #AchieveMoreGirls initiative, committed to spending Kshs 50Million over five years to support over 30,000 schoolgirls access quality menstrual health products (reached more than 15,000 girls in 2020 and 2021).
- In 2021, the ratio of men to women was 51:49. 27% of executive management across the Group comprises women.
Governance Achievements
- Joined the UN Global Compact in 2021 and committed to supporting and implementing the UNGC Principles.
- Developing a robust Environmental and Social Management System (ESMS) integrated into the Bank’s credit cycle.
- Roadmap to further embed Environmental and Social Risk Management in line with CBK and NSE guidelines.
Climate Goals & Targets
Medium-term Goals:
- Carbon neutral by 2030
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, TCFD
UN Sustainable Development Goals
- SDG 5 (Gender equality)
- SDG 6 (Clean water and sanitation)