ZB Financial Holdings has been recognized as the first Zimbabwean bank to achieve the Global SSCI Sustainability Certification, a milestone celebrated for setting a new benchmark for responsible banking in Africa. The certification was awarded following a rigorous assessment by the EOSD (Excellence in Organizations for Sustainable Development), validating the bank’s commitment to environmental, social, and governance standards.
The achievement marks a significant step for ZB Bank and the broader Zimbabwean financial sector. The Global SSCI Certification is an internationally recognized standard for sustainability, and its attainment by a Zimbabwean institution highlights the country's progress in aligning with global best practices for sustainable development.
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ZB Financial Holdings Group CEO, Dr. Shepherd Fungura, expressed pride in the achievement, stating that the certification is a testament to the bank’s unwavering focus on responsible practices and its role in driving sustainable economic growth. “We believe that sustainable finance is not just an option but a necessity,” Dr. Fungura said. "This certification validates our efforts and reinforces our commitment to creating long-term value for our stakeholders and the nation."
Chief Executive Banking at ZB, Elisha Chilburi, emphasized the strategic importance of the certification for the bank's operations. "This recognition will help us attract sustainable investments and enhance our competitive position in the market," Chilburi noted. "It also sends a powerful message to our clients and partners that we are a trusted leader in responsible banking."
The certification process included a comprehensive review of ZB Bank's policies, risk management frameworks, and its lending practices to ensure they support sustainability goals. The bank's initiatives, such as its focus on green finance and support for small-scale entrepreneurs, were integral to meeting the stringent criteria.
The certification is also a win for the Reserve Bank of Zimbabwe, which has been actively promoting sustainable banking practices among regulated entities.
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