The United Nations Sustainable Development Goals (SDGs), are a comprehensive set of 17 interconnected goals which aim to address development challenges to be achieved by 2030. The role of corporate is fundamental, both to shift away from practices that undermine the goals’ achievement and to proactively create solutions that solve existing challenges. Adopted by world leaders in 2015, the SDGs build on the Millennium Development Goals (MDGs) and represent a new, 15-year sustainable development agenda to create the future we want. Though nonbinding, Kenya is expected to adopt national SDG frameworks that works towards achieving the global goals through collaboration among the public, private and non-governmental sectors.
This prompts an updated assessment of the capability of corporates to competently inform their internal public on the need for these global goals and critically analysing the progress and process of achieving these goals within their work activities. Recently, Barclays Bank of Kenya (BBK) realigned its strategy to include the agenda of greening the future economy by driving the financial sector onto a path of resilient economic growth through sustainable business practices. It is on this premise that BBK enrolled its senior management to a two-day customized executive education training programme at Strathmore University Business School (SBS). The aim of this training is to empower the BBK group to formulate a sustainability strategy to build upon and improve the range of retail, business, corporate investment and wealth management solutions they offer their clients as well as ensure a positive impact in the countries they operate in.
In a session facilitated by Dr. Mumbi Wachira, faculty at Strathmore University, participants discussed the current trends and factors that strengthen the case for sustainable banking. Dr. Wachira placed emphasis on the need for the private sector using innovation to address global concerns, market-based mechanisms gaining more power to stimulate investments in sustainability and concerned Non-Governmental Organizations (NGOs) turning more attention to banks as leading financial institutions are setting higher standards through sustainability reporting.
The training sessions are aimed at increasing the knowledge and skills of participants in sustainable financial system, sustainable banking business models and communicating the company’s SDG agenda to its stakeholders.
For details on our executive education customized programmes click here.