The Uganda Development Bank (UDB) Ltd has been granted the Sustainability Certification for adapting the Sustainability Standards Version 2.0. The Certification was conferred on the UDB at the Karlsruhe Sustainable Finance Award on November 22, 2024, held in Karlsruhe, Germany. The UDB successfully completed the Sustainability Standard Version 2.0 to merit the Award. The Uganda Development Bank and its Managing Director, Patricia Ojangole, were also declared the winner of the Sustainability Leader of the Year Award 2024.
Below is the statement regarding Uganda Development Bank Ltd on the Certification and Award by Mr. Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions.
“Statement Regarding UDBL, By Mr. Arshad Rab Chairman International Council Of Sustainability Standards For Value-Driven Financial Institutions On The Occasion Of The Karlsruhe Sustainable Finance Awards 2024, Germany
1. Regarding the Sustainability Certification under Version 2.0
Warmest congratulations to the board, management and staff of the Uganda Development Bank (UDB) on being granted the Sustainability Certification for adapting the Sustainability Standards Version 2.0.
This achievement is a testament of the UDB’s strong governance structure for delivering social, economic and environmental sustainability and taking climate action through its financial and non-financial services.
By excelling in adapting the holistic standards and undergoing a rigorous compliance process, the UDB has built strong organizational capacity in mobilizing, lending and investing funds for high sustainable impact.
It is a major milestone for the UDB and positions the bank as a key player in creating an inclusive, green and sustainable Ugandan economy.” – Arshad Rab
2. Regarding the Award Plaque
We are pleased to declare the Uganda Development Bank and its Managing Director, Patricia Ojangole, the winner of the Sustainability Leader of the Year Award 2024.
The performance of the winner in this category is monitored and assessed round the year. It requires exceptional leadership throughout the year in driving sustainability within the organization and making recognizable impact. This is an uphill task which was performed by Patricia Ojangole in an outstanding manner.
We congratulate her for this well-deserved recognition and applaud her for once again challenging the status quo and fighting with determination against all odds for social, economic and environmental sustainability in her country and across the globe. She demonstrated a solid track record over the past 12 months in embracing and promoting sustainability and gained respect from her peers and colleagues. We wish her continued success and extend our best wishes for future achievements.”