Diamond Trust Bank Kenya Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The Bank's Sustainability Management Committee (SUSCO) is responsible for aligning the sustainability strategy with the TCFD's recommendations, ensuring the accuracy and transparency of the TCFD report and actively addressing climate-related risks and opportunities. [...] Additionally, BSC oversees the deployment of a robust sustainability agenda and ensures that the Bank's ESG and climate related opportunities and risks are properly mapped and incorporated into the business strategy, with the necessary responses highlighted and actioned. Additionally, BSC reviews and approves the Bank's sustainability report and other climate related disclosures. [...] BRMC is also responsible for ensuring that the Bank's exposure and responses to ESG and climate-related risks, arising from its various lines of business, are assessed, quantified, and reported to the Board alongside other material risks. [...] Additionally, it oversees the development and implementation of an ESG and climate risk plan, and approves the necessary resources, processes, systems, and controls required for its effective implementation. This includes setting the Bank's ESG and climate-related financial risk appetite, obtaining assurance that the risks are being effectively managed and controlled, and approving the ESG and climate plan recommended by Management, with due regard to relevant local, regional, and global developments. [...] RMCC assists the Board to oversee the assessment and quantification of the Bank's ESG and climate risks' exposure arising from its various lines of business. It defines and formally allocates roles and responsibilities, as appropriate, within the organisational structure to support the implementation of the Bank's ESG and Climate Risk Management Framework. [...] SUSCO, which reports to the BSC, was established to assist the Board fulfil its oversight role with respect to the development and implementation of DTB's ESG (Sustainability) and climate risk agenda, including the identification of the Bank's material sources of ESG risks, opportunities, and associated actions. [...] It further reviews and supports the development of new, and the enhancement of existing policies and codes of conduct to embed sustainability requirements within them. These include: the Sustainability Policy (New), Climate Related Risk Management Policy (New); Credit Policy, Credit Risk Strategy, Product Development Policy, Diversity Policy, Supplier Code of Conduct; and Modern Slavery Statement (Declaration), and Anti-bribery and Corruption Policy.

https://dtbk.dtbafrica.com/sites/dtbk.dtbafrica.com/files/2023-07/TCFD-REPORT-2022-2.0-Final.pdf