Leading financial institution CBZ Financial Holding Group says it has taken a strategic shift towards sustainability and environmental responsibility. Announcing the Group’s financial performance for the year ended 31 December 2023, CBZ holdings group chairman Luxon Zembe said the group aims to create long term value through Environmental, Social, and Governance (ESG).
“The Group accelerated its drive to create long-term value through embedding Environmental, Social, and Governance (ESG) factors into its strategy and operations,” said Zembe. In addition to ongoing certification with the European Organisation for Sustainable Development (EOSD), the Group achieved a significant milestone by obtaining a nomination for accreditation with the Green Climate Fund (GCF).
Furthermore, Zembe said the Group engaged the International Finance Corporation (IFC) for advisory services on ESG, Climate Governance, and Climate Risk. “Through this engagement, the Group’s various Board Members and Senior Management received training on Climate Governance and Climate Risk Management,” said Zembe
Zembe highlighted the Group’s commitment to sustainable practices and its proactive approach to addressing climate change and environmental concerns. By integrating ESG principles into its operations, CBZ Financial Holdings aims to create value not only for its shareholders but also for society and the environment.
CBZ Financial Holdings Group’s strategic focus on sustainability reflects a growing trend among businesses to prioritize environmental responsibility and social impact alongside financial performance.
