DTB Group Managing Director, Nasim Devji signs deal for Diamond Trust Bank to join the UN Principles for Responsible Banking
Diamond Trust Bank (DTB) has officially become a signatory of the UN Principles for Responsible Banking, marking a significant commitment to sustainability in the banking industry.
The UN Principles for Responsible Banking, developed in collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI), provide a single framework to align banking practices with global sustainability goals.
DTB’s commitment spans its Group franchises in Kenya, Tanzania, and Uganda, showcasing a unified approach to responsible banking across East Africa. This milestone is part of DTB’s broader Sustainability Master Plan, emphasizing the Group’s dedication to integrating responsible banking practices into its operations.
At the signing ceremony, Ms. Nasim Devji, DTB Group CEO and Managing Director, emphasized the significance of this commitment. “Signing the UN Principles for Responsible Banking is a testament to our commitment to sustainability and responsible banking. This commitment reflects our purpose to improve the quality of lives of all our stakeholders in a sustainable and impactful way and underscores our dedication to integrating sustainable practices into every aspect of our business. We are proud to be part of this global initiative and look forward to making meaningful progress towards a sustainable future,” said Devji.
As a signatory to the Principles, DTB will undertake several key responsibilities. The bank will identify and measure the environmental and social impacts of its business activities, set and implement targets to address these impacts, and report publicly on its progress. The Principles offer a framework for banks to understand the risks and opportunities associated with transitioning to more sustainable economies.
By adopting these Principles, DTB assumes a leadership role in demonstrating how banking products, services, and relationships can support and accelerate necessary changes for achieving shared prosperity for both current and future generations. This commitment aligns with the broader goals of the UN Sustainable Development Goals and the Paris Climate Agreement.
DTB will join the global community of banks focused on sustainable finance, collaborating on best practices, practical guidance, and pioneering tools beneficial to the entire industry. This endeavor represents a significant step in addressing the pressing planetary crises of climate change, nature loss, pollution, and social issues, ensuring that profitability is pursued alongside a strong sense of purpose.