Equity Group Unveils 2024 Sustainability Report, Reinforcing Africa’s Transformation Agenda

Equity Group has released its 2024 Sustainability Report, themed “A Sustainable World is a Transformed Africa,” underscoring its continued leadership in advancing socio-economic and environmental transformation across the continent.

The report highlights Equity’s measurable progress in integrating sustainability into its governance, operations, and partnerships through its Tri-Engine Model, driving financial inclusion, social impact, and environmental stewardship.

Equity Group CEO, Dr. James Mwangi, said sustainability remains central to the bank’s purpose, noting that by embedding sustainability into every aspect of its operations, Equity is future-proofing its business while empowering people and protecting the planet.

The report showcases several key achievements. In 2024, Equity planted over 35 million trees and distributed 44,732 clean energy products to more than 466,000 households, promoting climate resilience and reducing carbon emissions. In agriculture, the Group trained 245,675 farmers in climate-smart practices and geo-mapped 178,138 farms to enhance productivity and sustainability.

Through its health program, Equity Afya expanded its network to 127 medical centres in Kenya and five in the DRC, serving 3.3 million patients. Under its education pillar, the Elimu Scholarship Program supported 38,000 students, achieving a 95% KCSE completion rate, while 130 Equity Leaders secured admission to international universities, including Ivy League institutions. The Foundation also continued to empower entrepreneurs, training over 116,000 MSMEs and mentoring an additional 95,700 to strengthen their businesses and promote job creation.

On environmental management, the Group recorded an 18% reduction in total waste, cutting output from 441 tons in 2023 to 362 tons in 2024. It also unveiled its first Sustainable Development Impact Disclosure (SDID) Report, developed in partnership with J.P. Morgan, to showcase how its financing aligns with and contributes to the UN Sustainable Development Goals (SDGs).

Equity’s commitment to sustainability continues to earn global recognition. The Group maintained its ranking as the Second Strongest Banking Brand in the World and the Most Valuable Brand in East and Central Africa by Brand Finance, and was named Euromoney’s Best Bank for Corporate Social Responsibility in Africa.

The 2024 Sustainability Report cements Equity Group’s role as a catalyst for Africa’s transformation, empowering communities, protecting the environment, and advancing inclusive growth across its seven markets.

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