The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank has taken a significant step toward advancing sustainability in the banking sector by signing the United Nations Principles of Responsible Banking. This is a single framework for a sustainable banking industry developed by collaborating with banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The UN Principles for Responsible Banking provide a comprehensive framework for banks to assess, manage, and mitigate environmental and social impacts while seizing opportunities to transition to more sustainable economies. This commitment spans DTB Group franchises in Kenya, Uganda, and Tanzania marking a unified regional pledge to embrace and implement responsible banking practices.
Speaking at the signing ceremony in Nairobi on Aug.26, DTB Group CEO and Managing Director, Nasim Devji, emphasized the importance of this commitment saying, “Signing the UN Principles for Responsible Banking is a testament to our commitment to sustainability and responsible banking. This commitment reflects our purpose to improve the quality of life of all our stakeholders in a sustainable and impactful way. It underscores our dedication to integrating sustainable practices into every aspect of our business. We are proud to be a part of this global initiative and look forward to making meaningful progress towards a sustainable future.”
The principles call on banks to lead by example, demonstrating how banking products, services, and relationships can support the necessary changes to achieve shared prosperity for both people and the planet. Under the Principles, DTB will identify and measure their business activities' environmental and social impact, set and implement targets where they have the most significant impact, and regularly report publicly on their progress.
While speaking to the media in Uganda, DTB Uganda CEO, Godfrey Sebaana further highlighted the bank's critical role in advancing the Sustainable Development Goals (SDGs). He said: “We are uniquely positioned to influence businesses and consumers by financing projects that address climate change, reduce inequality, and promote sustainable consumption. As intermediaries of capital, banks can accelerate the transition to a more sustainable economy, helping to meet the SDGs by 2030 and beyond. By integrating ESG considerations into our lending, investment, and advisory services, banks can drive economic growth that is inclusive and environmentally responsible.”
DTBU’s commitment to sustainability is about leading the industry in responsible banking practices. “Transparency is a cornerstone of our sustainability strategy, we are committed to regular and comprehensive reporting on our sustainability performance aligned with global standards,” Sebaana added.
