Diamond Trust Bank Engages its Suppliers on Environmental, Social and Governance Principles
Diamond Trust Bank (DTB) has today held an engagement forum with its top suppliers from across the country to raise awareness on Environmental, Social, and Governance (ESG) principles and sustainability, with the aim of promoting a responsible supply chain.
This annual event, now in its second year, adopted a collaborative approach, engaging DTB’s top 100 suppliers in discussions around the bank’s sustainability masterplan and responsible supply chain strategy, with a focus on gathering feedback and ensuring full alignment.
Speaking at the event, Joshua Tinda, Head of Procurement and Logistics at Diamond Trust Bank said. “One of the key pillars of our sustainability strategy is fostering a responsible supply chain and procurement process. As a bank we are engaging our top suppliers from across the country and share our sustainability ambitions. We are committed to deepening our collaboration with suppliers to ensure alignment with our sustainability agenda, considering that stakeholders and customers increasingly prioritise working with companies that champion ESG principles.”
The forum also featured experts from United Nations Global Compact (UNGC) and ESG for Ipsos Kenya on sustainability, highlighting the importance of integrating ESG principles into business operations. Industry specialists provided guidance on how businesses can adopt these practices to foster long-term sustainability in their operations.
“The future of ESG is important for all of us as suppliers partnering with DTB. Today’s ESG conference was highly insightful, offering many of us a fresh perspective on how to better align our operations with these key principles. We gained practical strategies, including actionable ideas that can be seamlessly implemented in our workplaces, ensuring compliance with ESG standards and supporting a more sustainable future.” said Lina Njagi, Atlantic Signs
This training follows DTB’s signing of a Memorandum of Understanding with the United Nations Environment Programme Finance Initiative (UNEP FI), in August, where the bank became an official signatory to the UN Principles for Responsible Banking.
These principles provide a unified framework for a sustainable banking industry, developed through a global collaboration between banks and UNEP FI.
The principles are the leading framework for ensuring that banks’ strategy and practice align with the vision the world has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement.
