Across the financial sector, expectations around sustainability are shifting rapidly. Banks, savings and credit co-operative societies (SACCOS) , and microfinance institutions are increasingly being asked to demonstrate clear Environmental, Social, and Governance (ESG) commitments.

The Kuscco saga reveals a staggering failure in financial governance, as 150 saccos borrowed over Sh1.3 billion and vanished, raising questions about their existence. This exposes severe lapses in oversight, leaving ordinary savers vulnerable to significant losses.