BUSINESS

NCBA Bank Goes Green With Hybrid Electric Vehicles

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NCBA Bank Electric vehicles in Kenya
These vehicles combine the functionality of an electric motor and a gasoline engine, ensuring optimised performance while reducing environmental impact.
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NCBA has acquired two hybrid electric vehicles (HEVs) from CFAO Mobility Kenya, following its commitment to environmental responsibility under the “Change the Story” initiative.

This transition represents NCBA’s green innovation and its continued effort to foster a sustainable future. 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’s sustainability efforts extend beyond environmental impact to include community engagement and employee morale. The bank has pledged to mobilise Ksh30 billion for green and sustainable financing by 2030, aimed at supporting eco-friendly projects and fostering positive environmental and social outcomes.

> Kenya Power to Build 35 Electric vehicle Charging Stations

Additionally, it is also focused on growing 10 million trees by 2030, contributing to reforestation and combating climate change.

“We are excited to support NCBA Bank in achieving its sustainability goals,” said CFAO Mobility Kenya Managing Director, Mr Arvinder Reel. “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.”

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 says it is actively involved in empowering communities, allocating Ksh100 million annually for community growth.

> Nairobi Hotel Introduces Electric Vehicles For Guest Transfers

Written by
BT Correspondent -

editor [at] businesstoday.co.ke

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