ZANACO reiterates commitment to a sustainable future through systematic corporate lending decisions


The Zambia National Commercial Bank (ZANACO) says it is addressing climate change through embedding Environmental, Social and Governance (ESG) assessments in all its corporate lending decisions.

Acting Chief Executive Officer, Kalengo Simukoko, emphasised the bank’s seriousness on dealing with climate change because of its socio-economic impact on customers and the country as a whole.

“We are assessing businesses’ impact on the environment and people as well as the planet. This is aimed at ensuring that businesses adopt sustainability practices,” Simukoko said at the ZANACO trail blazers workshop in Lusaka on Tuesday.

On the trailblazer programme, in partnership with Rallying Cry, Simukoko said this was a step in helping to reverse the effects of climate change.

Read more: ZANACO boss calls on stakeholders to collectively intensify efforts at reducing carbon emissions

“Together we have identified and carefully selected the women from various agribusiness enterprises who are gathered here this morning so that we can help to build their technical climate knowledge, capacity and confidence to future-proof their businesses.

“We are also empowering women leaders to engage with an ever-changing landscape and environment from a position of knowledge, information and connected networks and exploring product development related to the intersection of climate, gender and agribusiness,” he said.

Speaking earlier, Rallying Cry Founder, Carey Bohjanen, said: “the idea is to get women to assist in dealing with climate change. Most women have said the big challenges is access to capital so this workshop is to share experiences and solutions.

“It is about designing practical solutions together for climate change.”

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