The Managing Director Uganda Development Bank Limited (UDBL) Patricia Ojangole, has been named Sustainability Leader of the Year 2023 during the Karlsruhe Sustainable Awards ceremony; for the third me in a row
Awarded by the International Council of Sustainability Standards for Value Driven Financial Institutions, the accolade is given to individuals and/or institutions that demonstrate commitment to creating value for all their stakeholders and the environment.
In a statement released by the bank, UDB notes Mrs. Patricia Ojangole has gone beyond the efforts of making its institution sustainable, and she has gone beyond Uganda to play an exemplary role in contributing to the field of sustainable finance.
“She leads the international I-LEAD Group of the Sustainability Standards for Value-Driven Financial Institutions with the aim to: Promote all-round individual well-being of management and staff of sustainability-driven financial institutions;Boost corporate profitability; and Achieve greater results in serving the institutions’ customers, the society at large and nurturing and protecting the natural environment,” reads an exerpt
“Mrs. Ojangole leads the Group with professionalism and integrity and with the aim to promote true and holistic sustainable banking and finance across the globe. She actively supports her peers from around the world in their sustainability journey and always forthcoming to help them in the hour of need,” the statement reads further
UDBL has positioned itself as one of the key drivers of sustainable development and on behalf of its government, it is responsible for financing sustainable industrialization of the country.
“It is at the forefront of implementing the rigorous sustainability standards that is based on the principle of making profits while working within the planetary boundaries, serving the society and helping to create and endure a sustainable economy that is environmentally and climate friendly,” reads the statement in part
The commitment of the UDBL to holistically embrace sustainability is unwavering and its leadership has demonstrated through practical actions to tackle unintended green washing which poses a great threat not only to the institution but also to the country and the world at large.
Uganda Development Bank Limited (UDB) is the country’s national Development Finance Institution (DFI) with a mandate to accelerate socio-economic development in Uganda through sustainable financial interventions.
Consistent with this mandate, the Bank supports projects within the private sector that demonstrate potential to deliver high socio-economic value, in terms of job creation, improved production output, tax contribution and foreign exchange generation, among other outcomes.