GSFC – 25/09/2025
1. UGANDA DEVELOPMENT BANK LIMITED
The Karlsruhe Sustainable Finance Award 2025 in category Outstanding
Business Sustainability Achievement was presented to Uganda Development Bank Limited on the 25e of September 2025 to recognize success in holistically embracing sustainability across the organization and demonstrating excellence in delivering impact.
Message from Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO, EOSD
“The Karlsruhe Sustainable Finance Award 2025 conferred to the UDB demonstrates its ability to be at the forefront of the country’s ambition to grow its economy by tenfold by 2040 and be the partner of the government and industry of the country in making agro-industrialization, tourism and most importantly science, technology and innovation the key engines of significantly raising the per capita income.
It is a testimony that sustainability now sits at the heart of UDB’s strategy and it is an institution that is ready to innovate for a better future for Uganda.
I congratulate the Board, management and staff for the well-deserved Award.
My warmest congratulation also goes to the Managing Director, Dr. Patricia Ojangole, for her outstanding leadership in making UDB what it is today: an institution enabling prosperous future for all Ugandans and championing social, environmental and climate stewardship while driving the country’s economic growth.”
2. LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
The Certificate of Acceptance was presented to the Land and Agricultural Development Bank of South Africa on the 25e of September 2025 for being inducted in the Sustainability Standards and Certification Initiative (SSCI).
Message from Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO, EOSD
“It is with great pleasure that we welcome the Land and Agricultural Development Bank of South Africa into the Sustainability Standards and Certification Initiative (SSCI).
For over a century, Land Bank has played a vital role in transforming South Africa’s agricultural landscape. Its mission has always been clear: to provide affordable finance to farmers and ensure that agriculture remains a cornerstone of the nation’s economy.
Despite recent challenges, the Bank’s positive impact is undeniable. By joining SSCI, Land Bank is now well-positioned to drive holistic and sustainable agricultural transformation across South Africa, aligning its operations with environmental, social, and economic sustainability principles.
We look forward to working closely with Land Bank to strengthen its resilience, enhance corporate performance, and contribute meaningfully to South Africa’s sustainable future.”
3. AGRICULTURAL FINANCE CORPORATION, KENYA
Sustainability Certification was granted to Agricultural Finance Corporation, Kenya
on the 25e of September 2025 in Karlsruhe, Germany.
This certification was based on the assessment against the requirements laid down in the Sustainability Standards Version 2.0 and is valid until 24.09.2028.
Message from Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO, EOSD
“My warmest congratulations to the Board, management and staff of the Agricultural Finance Corporation of Kenya on being granted the Sustainability Certification for adapting the Sustainability Standards Version 2.0.
It clearly demonstrates a high-level of commitment by the top management, in particular of the CEO, Mr. George Kubai, to ensure that Kenyan agriculture is highly productive, resilient and ready to deal with the challenges ahead – including the challenge of climate change, competitiveness in international markets and food security at home and abroad.
I look forward to working closely with AFC and wish Mr. Kubai every success as his institution enters a new phase in its corporate history and begins achieving the ambitious targets established as part of the sustainability commitment.”
– Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO, EOSD
Source: GSFC