27 November 2017
27 November, 2017
UNEP FI is very pleased to welcome CIS Kenya, a leading credit-focused association, as a supporting institution.
Chief Executive Officer Jared Getenga said, “There is no question on who should join the Sustainable Finance Initiative, we should look at it as a matter of when. All businesses have to calculate risks, real and anticipated and the UNEP FI SF agenda gives a rich criteria to add to what was existing, hence fortifying institutional stability.
As an association of organizations who are in the business of mitigating risks through utilizing credit reporting services, embracing the SF agenda was a natural occurrence. It compliments tenets we require our members to uphold. As a result, we have a strategic commitment to promote sustainable finance and follow through to ensure the same commitment is taken up by our members in their lending practises. In moving one step further from theory, we have developed a sector-specific tool that supports SF compliance and credit risk assessment for our members.
We are here to add our voice to the global conversation for the benefit of future business opportunities and generations to come”.
CIS Kenya is an industry association of lenders, credit reference bureaus, regulators and other interested parties that fosters the effective development and implementation of a credit reporting mechanism within Kenya, as well as promote cross-border information sharing. Their objective is to facilitate generation and use of accurate credit information for the benefit of all participants in the credit market through advocacy, developing standards, creating awareness and enhancing risk management for the growth of a quality credit market. CIS Kenya aims to unlock access to affordable credit and to be the institution that leads Africa in shaping and transforming the credit markets to achieve sustainable and inclusive growth.
For more information on CIS Kenya’s work and initiatives on sustainability visit their . Find out more about the projects undertaken by the UNEP FI Banking work stream here.