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Captains of the industry from different sectors of the economy have underscored the need to adjust on products in the market that promote sustainability and conserving mother nature.
Speaking during the Prudential Sustainability Forum the Chief Executive Director of Prudential Uganda Tetteh Ayitevie tasked the captains of the industry to benchmark and support sustainable projects in lines with governments target of cutting carbon emission by 2062.
Uganda’s net zero target is clear, cutting down its carbon emissions from its energy sector by three years to 2062.
While at COP28, Uganda leveraged on the opportunity to unveil its energy transition plan, where the country set a target to reach net zero emissions in the energy sector by 2065 earmarking $ 8billion to support the transition.
Speaking during the Prudential sustainability forum, captains of the industry underscored the need to adjust to products in the market that promote sustainability and achieving net zero.
Beyond product adjustment, the CEO of Prudential Uganda Tetteh Ayitevie underscored the need for ESG to be treated as a culture within organizations, integrated into their core operations and measured with key performance indicators.
“Let ESG be under culture in our organisations, let leadership from organisation be exemplary when it comes to saving our mother nature” Ayitevie said.
Achieving an energy transition has posed a financial challenge for many developing nations without adequate financial support from developing countries. Uganda however is now to use finance generated by its new oil and gas sector.