SUSTAINABLE GREEN LOANS AND LONG TERM INVESTMENTS RELATED TO CLIMATE CHANGE AMONG COMMERCIAL BANKS IN KENYA

ANTHONY WAFULA WABWILE, PETER NJUGUNA, PhD

Abstract


Climate change is considered as a more than just an environmental danger since it affects so many economic sectors; it is also anticipated to worsen. The goal of this study was to look at the present condition and developments in green and climate financing techniques used by Kenyan commercial banks. The need to address social, economic, and environmental issues while generating new ideas and best practices is central to the concept of sustainability. Economic growth is made more sustainable by taking into consideration social and environmental problems. The main objective of the study was to evaluate the sustainable green loans and long term investments related to climate change among the commercial banks in Kenya. The study was anchored on; contingency theory, innovation theory and conspiracy theory. Exploratory research design was employed for the study. The population target was made of 39 commercial banks and purposive sampling was applied where by, all the mentioned 39 banks were considered for the study since it was manageable. Data was gathered through excel sheet for secondary data collection. The analysis of both descriptive and inferential statistics of the study was based on STATA which was the computer software package applied during the study. The results of the study after the analysis indicated sustainable green loans had significant effect on long term investments related to climate change among commercial banks in Kenya.

Key words: Sustainable Green Loans, Climate Finance Practices, Long Term Investments

 

CITATION: Wabwile, A. W., & Njuguna, P. (2024). Sustainable green loans and long term investments related to climate change among commercial banks in Kenya. The Strategic Journal of Business & Change Management, 11 (1), 198 – 212. http://dx.doi.org/10.61426/sjbcm.v11i1.2848


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DOI: http://dx.doi.org/10.61426/sjbcm.v11i1.2848

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