{"id":62016,"date":"2023-12-07T16:30:46","date_gmt":"2023-12-07T16:30:46","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=62016"},"modified":"2023-12-07T14:37:01","modified_gmt":"2023-12-07T14:37:01","slug":"atingi-ego-urges-corporates-to-champion-esg","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg","title":{"rendered":"Atingi-Ego urges corporates to champion ESG"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Bank of Uganda has advised that championing Environmental, Social, and Corporate Governance and sustainable finance is the right thing for all corporate citizens to do.<\/b><\/p>\n

Environmental, Social, and Corporate Governance (ESG) is a framework that helps stakeholders understand how an organization manages risks and opportunities around sustainability issues.<\/p>\n

Speaking at the Global Alliance for Banking on Values \u2013 Africa Chapter: Regional Meeting held at Centenary Bank, Mapeera House in Kampala on November 1, the Deputy Governor Bank of Uganda, Dr Michael Atingi-Ego said it makes good business sense because the transition to a low-carbon economy is inevitable, and only those who adapt will thrive.<\/p>\n

\u201cIt is an opportunity to grow because transitioning to a net-zero economy will create trillions of dollars in new investment opportunities. The BoU encourages all supervised financial institutions to pursue sustainable finance, including; setting ambitious targets to increase investments in renewable energy, sustainable infrastructure, and eco-friendly land use,\u201d he said.<\/p>\n

Dr Atingi-Ego said the financial institutions should be leveraging expertise to create new financial products aiding the shift towards a low-carbon economy, collaborating with clients to implement sustainable finance solutions aligning with their business objectives and sustainability goals.<\/p>\n

\u201cThe ESG and sustainability adoption poses a balancing act for financial institutions, balancing profitability and environmental and social factors. There’s no one-size-fits-all approach on this journey. For example, the disparity between developed and underdeveloped economies means variable paths to carbon neutrality,\u201d he said.<\/p>\n

The managing director of Centenary Bank, Mr Fabian Kasi said: \u201cWe intend to ensure that we revolutionize banking so that we are not only there to make money but also to ensure that we are very impactful.”<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Bank of Uganda has advised that championing Environmental, Social, and Corporate Governance and sustainable finance is the right thing for all corporate citizens to do. Environmental, Social, and Corporate Governance (ESG) is a framework that helps stakeholders understand how an organization manages risks and opportunities around sustainability issues. Speaking at the […]<\/p>\n","protected":false},"author":84,"featured_media":62014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-62016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nAtingi-Ego urges corporates to champion ESG - Uganda<\/title>\n<meta name=\"description\" content=\"The Bank of Uganda has advised that championing Environmental, Social, and Corporate Governance and sustainable finan ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atingi-Ego urges corporates to champion ESG\" \/>\n<meta property=\"og:description\" content=\"The Bank of Uganda has advised that championing Environmental, Social, and Corporate Governance and sustainable finan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-07T16:30:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1701947079.714934.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Atingi-Ego urges corporates to champion ESG\",\"datePublished\":\"2023-12-07T16:30:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1701947079.714934.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/atingi-ego-urges-corporates-to-champion-esg\",\"name\":\"Atingi-Ego urges corporates to champion ESG - 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