Stanbic Bank Kenya Wednesday officially signed the United Nations (UN) Women Empowerment Principles (WEPS), highlighting the bank’s unwavering support to women empowerment initiatives.
The WEPs, established by the UN Global Compact and UN Women, is a set of standards that provide businesses with guidance on how to promote gender equality and women’s empowerment in the workplace, marketplace, and community.
Speaking during the signing ceremony, Stanbic Bank Kenya Chief Executive Officer (CEO), Charles Mudiwa said the bank is keen on providing continuous support to women, through financial and non-financial solutions that help them not only grow as individuals but also spread this growth to their communities.
“We are committed in our efforts because we understand that women are the pillars of our society, and when women are empowered, the community is empowered,” Mudiwa said.
UN Women Kenya Country Representative, Anna Mutavati reiterated the UN’s objective to deepen, broaden and strengthen private sector engagement to help shift behaviors for gender-responsive business conduct.
“As a society, we need to ensure that we are creating enabling environments to help us achieve gender equality and contribute to realizing the Global Sustainable Goals (GSGs),” Head of Women Banking Proposition, Silpah Owich said.
Executive Director, Global Compact Network Kenya, Judy Njino expressed confidence that the bank will fully harness the power of women’s potential in order to build a more equitable, inclusive, and sustainable future for the generations to come.
“We commend Stanbic Bank for continuing to provide holistic financial benefits through financial literacy and education with the aim of boosting economic development and competitiveness in the financial sector,” Njino said.
The bank has agreed to adopt five of the seven principles which include Principle 1 – High-level Corporate Leadership, Principle 2 – Treat all Women and Men Fairly at Work without Discrimination, Principle 5 – Enterprise Development, Supply Chain and Marketing Practices, Principle 6 – Community Initiatives and Advocacy, and Principle 7- Measurement and Reporting.