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Tag Archives: ESG

Knowledge gap slows ESG compliance in Masaka

Masaka, Uganda | THE INDEPENDENT | The lack of proper knowledge, coupled with customer resistance and misconceptions, has been blamed for the slow adoption of Environmental, Social, and Governance (ESG) principles in lending practices among microfinance institutions in the Masaka region. The ESG framework, adopted in 2022 by United Nations …

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Double win for Absa Bank Uganda at 2025 Global Banking and Finance Awards

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has been honoured with two prestigious accolades, “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”, at the 2025 Global Banking and Finance Awards. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the …

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ESG integration: aBi Finance trains top Tier 4 Financial Institutions 

Kampala, Uganda | THE INDEPENDENT |  aBi Finance is equipping Uganda’s leading microfinance institutions and SACCOs with the tools to integrate Environmental, Social, and Governance (ESG) principles into their operations through a targeted training program. Delivered in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), the initiative aims to drive …

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Housing Finance Bank pledges to plant 1million trees by 2027

KAMPALA, UGANDA | THE INDEPENDENT | Housing Finance Bank marked World Earth Day 2025 with a groundbreaking commitment to plant one million trees by 2027, reinforcing its dedication to environmental sustainability. The announcement was made during a special event held in Kampala on April 22, where the Bank unveiled its …

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Why you must understand ESG

OPINION | Micheal Bulyerali | There has been a lot of corporate buzz around the acronym ESG, which stands for Environmental, Social, and Governance. This framework guides institutions, communities, and individuals in creating sustainable value. But why should this matter to you as an individual? Why should we, beyond organizations and governments, …

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Environmental, Social and Governance compliance in financial institutions

OPINION | Pauline Arinda | A report done by EY for the Uganda Bankers’ Association in January 2024, titled “ESG Framework for Uganda’s Banking Sector,” emphasizes that adopting Environmental, Social, and Governance (ESG) principles should be viewed as a strategic move towards long-term sustainability and resilience, rather than merely a compliance issue. …

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IFRS set to transform business practices

KAMPALA, UGANDA | THE INDEPENDENT | Entities operating in Uganda will have to adopt International Financial Reporting Standards (IFRS) in their reporting. International Financial Reporting Standards (IFRS) consist of a set of accounting rules that determine how transactions and other accounting events should to be reported in financial statements. The Institute …

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