NCBA has today acquired two hybrid electric vehicles (HEVs) from CFAO Mobility Kenya, furthering its commitment to environmental responsibility under its “Change the Story” initiative.
NCBA said in a statement that the transition represents its leadership in green innovation and its continued effort to foster a sustainable future for its organisation and the communities it serves.
These vehicles combine the functionality of an electric motor and a gasoline engine, ensuring optimised performance while reducing environmental impact.
“We are excited to take this significant step towards achieving our sustainability goals. Our commitment to reducing direct emissions and adopting green technologies underscores our dedication to creating positive environmental change,” said Mr Isaac Owila, NCBA’s Ag. Group Director technology and operations.
“By setting an example in the adoption of sustainable practices, we not only meet our operational objectives but also enhance our brand reputation.”
NCBA has been at the forefront in pushing for Electric Vehicle (EV) adoption in the country. Last year, the bank announced a KES 2 billion fund targeting customers looking to purchase personal and public electric vehicles.
The bank has also embarked on an ambitious initiative to invest in deploying EV charging stations across the region. So far, NCBA has installed 4 charging stations – three at its headquarters (NCBA Center, NCBA House) in Nairobi and 1 at its HQ in Kigali, Rwanda.
NCBA’s sustainability efforts extend beyond environmental impact to include community engagement and employee morale. The Bank has pledged to mobilise KES 30 billion for green and sustainable financing by 2030, aimed at supporting eco-friendly projects and fostering positive environmental and social outcomes. Additionally, it is also focused on growing 10 million trees by 2030, contributing to reforestation and combating climate change.
CFAO Mobility Kenya Managing Director Mr Arvinder Reel said, “We are excited to support NCBA Bank in achieving its sustainability goals. Through the latest development, we are contributing to a greener future and aligning with our shared vision of reducing carbon emissions and promoting eco-friendly transport options across Kenya. This partnership is a testament to our commitment to environmental responsibility and driving innovation in the automotive sector.”
By taking a strong stance on environmental responsibility, NCBA continues to strengthen its relationships with clients, partners, and employees who value sustainability and are committed to making a positive difference. The Bank is actively involved in empowering communities, allocating KES 100 million annually for community growth.
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