Standard Bank partners World Vision in environmental conservation drive

Standard Bank of Malawi has partnered with World Vision Malawi in a 3 year K240 million environmental conservation and climate resilience project in Lilongwe.

Speaking in Lilongwe after signing a Memorandum of Understanding with World Vision, Standard Bank of Malawi’s Head of Business and Commercial Banking Graham Chipande said the bank is committed to driving Malawi’s growth while ensuring environmental sustainability.

He has since reaffirmed the bank’s commitment to restore degraded soils, to protect vanishing forests and to empower the youths.

“Our partnership with World Vision is underpinned by a strong alignment of purpose, we are passionate about doing business sustainably and partnering with organizations that understand the importance and impact of operating from that perspective,” Chipande said.

Meanwhile Head of Programs for World Vision Malawi, Charles Chimombo said is excited with the gesture by Standard Bank, while calling upon other players in the private sector to join the fight against environmental degradation.

“We are profoundly humbled by their gesture, I wish we had many organizations or private sector doing as Standard bank has done, you know between 2015 to 2020 Malawi lost over 42,000 hectors of forests and this is dangerous,” said Chimombo.

This is the first partnership under Standard Bank of Malawi’s “Mtengo Wanga” initiative where the Bank will be pumping in MK80 million every year in the next 3 years to support World Vison’s Mbwezera Nkhalango Project in the area of traditional Authority Mazengera in Lilongwe district.