Ugandan CEOs Urged to Embrace Sustainable Practices to Combat Climate Change

The 14th Annual CEO Forum convened over 100 business leaders and decision-makers under the theme “Navigating the climate crisis: A call to action.” During this event, Chief Executive Officers (CEOs) were urged to incorporate sustainable practices into their business models to mitigate the risks associated with climate change in Uganda.

Stephen Mukasa, the Country Team Leader for CEO Summit Uganda, emphasized the need for CEOs to collaborate on solutions to address the climate crisis by integrating robust corporate sustainability practices into their day-to-day operations. He introduced the concept of the “Big ESG Idea,” which encompasses Environmental, Social, and Governance considerations, along with various sustainability initiatives across sectors.

Mukasa highlighted the importance of exploring innovative strategies, sharing successful initiatives, discussing practical solutions, and committing to climate-conscious practices. These efforts, he argued, would not only benefit individual businesses but also have a positive impact on society as a whole.

Dr. Albert Byamugisha, Head of the National SDG Secretariat at the Office of the Prime Minister in Uganda, commended the CEO forum for providing a platform for business leaders to exchange ideas and address challenges related to improving the economy and communities in the country. He stressed Uganda’s commitment to combat climate change, in line with Sustainable Development Goal 13.

The CEO forum, established to foster thought-provoking discussions among business leaders, has been instrumental in driving economic development in the region. It serves as a catalyst for change, encouraging a shift towards a purpose-driven attitude that goes beyond mere profitability.

During the forum, the importance of collective responsibility in addressing the climate crisis and the need for immediate, impactful steps were underscored. The discussions covered various topics, including strategies for promoting sustainable and low-carbon transportation, green financing and investment opportunities, and building resilience to climate change.

Mr. Sanjay Rughani, CEO of Standard Chartered Bank, emphasized the need for scalability in climate action and the cultivation of investable projects that prioritize sustainability.

Kin Kariisa, CEO of Next Media Group, highlighted the 3Ps – People, Planet, and Profit – as integral to sustainability in the context of fighting climate change.

Dr. Paulina Chiwangu, UN Women Representative in Uganda, stressed the importance of empowering youth and women through education and strategic investments to ensure a sustainable future. Dr. Peter Kimbowa, Board Chair of CEO Summit Uganda, urged corporate leaders to develop key strategies, including Sustainability Funds and the use of technology to combat climate change effectively.

The CEO Forum therefore emphasized the urgency of addressing climate change through sustainable practices, collaboration, and innovation.

Business leaders were encouraged to integrate environmental, social, and governance considerations into their corporate strategies, with a focus on long-term sustainability and societal well-being.