3rd April 2025 – ABC Bank took a significant step forward in its sustainability journey following a high-level meeting with representatives from the European Investment Bank (EIB) held at the ABC Bank Head Office in Westlands. The meeting was led by Mr. John Rioba, Group Head of Risk and Compliance at ABC Bank.
During the session, the EIB team presented a draft of ABC Bank’s Climate Transition Plan, outlining the framework that will guide the bank in embedding sustainability at the core of its operations.
According to Mr. Rioba, the presentation covered key areas, including an overview of the Climate Transition Plan, business opportunities arising from sustainable finance, strategies for implementation and stakeholder engagement, key metrics and targets, and governance structures to support effective execution.
This engagement is part of the broader partnership, which officially began in May 2024 when ABC Bank officially partnered with EIB under its Greening Financial Systems Technical Assistance Program. The program is designed to strengthen financial institutions’ capacity to support green and climate-resilient investments.
To date, a cross-functional team from ABC Bank has been actively participating in biweekly virtual training sessions with the EIB experts. These sessions focus on four strategic pillars: Governance, Strategy, Risk Management, and Metrics & Targets.
“We are proud of the progress made so far and deeply value the insights shared by EIB. This collaboration not only supports our internal transformation but also empowers us to guide our customers toward environmentally sustainable investments,” said Mr. Rioba.
ABC Bank remains committed to championing climate-conscious banking practices and enabling a greener, more resilient future.
