During the hustle and bustle of the United Nations General Assembly in September, Devex sat down with James Mwangi, the chief executive of Equity Group, one of the largest banks in East and Central Africa.
Mwangi was clear about Equity’s rethinking of the way it finances projects, especially on climate adaptation. He said the bank — which operates in about half a dozen countries in the region — had to adjust their internal and lending processes to be more responsive to climate change.
Earlier this year Equity signed an agreement with the International Finance Corporation and other partners including Dutch Development Bank, British International Investment and Symbiotics, and responsAbility from Switzerland. The partnership will provide $165 million toward climate-responsible investments.