Supporting Financial Institutions in Kenya and Nigeria to improve Environmental and Social Governance through Technical Assistance measures
The Africa Agriculture Trade and Investment Fund (AATIF) Technical Assistance (TA) Facility, managed by the Common Fund for Commodities (CFC), is supporting two financial institutions that are present in the agricultural lending space in Africa to improve their Environmental and Social Governance (ESG) through the launch of two new sustainability-focused TA measures.
The AATIF TA Facility Committee has recently approved a new project in Nigeria assisting a financial institution to obtain an intelligent ESG monitoring and reporting platform that will enable the bank to better assess and report its social and environmental (S&E) performance and that of its clients. The platform will allow the bank to precisely quantify its ESG performance and leverage this data to improve its overall sustainability performance. As a result, the financial institution will have a turnkey solution to measure, analyze and report on its ESG performance as well as capacitated staff to manage and take ownership of the platform to ensure its sustainability over time.
Furthermore, the AATIF TA Facility is supporting a financial institution in Kenya through the launch of a new project to support the bank in updating its ESG Policy to internationally acknowledged standards and establishing a fully-fledged and operational Social and Environmental Management System (SEMS). Additionally, based on a S&E capacity needs assessment, a training strategy inclusive of training of trainers and a tailored curriculum will be developed and implemented for relevant staff and management. As a result, the financial institution will have enhanced sustainability management in place that is inclusive, practical and meets the standards set by international good practice.
Image credit: The Africa Agriculture Trade and Investment Fund