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Tag Archives: ESG

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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OPINION: Financial independence for women is a catalyst to solving the ESG equation

OPINION | Dorah Kahunde | Two key words have taken the corporate world by storm; Sustainability and ESG (Environment Social Governance). Many organizations globally are working towards attaining sustainability certifications by implementing environmentally friendly practices as well as ensuring they have airtight corporate governance structures by engaging in, sponsoring and supporting activities …

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PostBank’s Finance Team Shines at the 2024 ICPAU Awards

Team Scoops Finance Team of the Year Accolade   Kampala, Uganda | THE INDEPENDENT | PostBank Uganda whose purpose is to foster prosperity for Ugandans secured an accolade at the just concluded Institute of Certified Public Accountants of Uganda (ICPAU), Awards that aimed at celebrating individuals and entities that are greatly contributing …

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Experts call for focus on skills when picking Board of Directors

Kampala, Uganda | THE INDEPENDENT | Corporations are urged to move away from the appointment of Boards of Directors based on their political status, their prominence or popularity but rather on the skills and competencies they possess for better and sustainable management of the businesses. This is because the corporate …

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Corporates told: ESG reporting will attract money for investments

Kampala, Uganda | THE INDEPENDENT | Business operators in Uganda are encouraged to consider environmental, social and governance aspects when compiling their annual financial statements in order to gain relevance before different stakeholders. Annual financial reports are usually made for accountability to business owners, regulators and, increasingly, prospective investors in the …

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Ugandan bankers bet on ESG for growth

From green bonds to women in business programs, banks are now betting on a new approach  Kampala, Uganda | IAN KATUSIIME | The seventh annual bankers’ conference, held at the Kampala Serena Hotel, was abuzz with pitches and plans on Environmental Social and Governance (ESG), a new agenda sweeping through businesses …

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