Kampala, Uganda | THE INDEPENDENT | On July 18, Diamond Trust Bank announced its sponsorship of the Green Industry Agenda, a Uganda Manufactures’ Association led initiative, aimed at promoting sustainable industrial growth in Uganda. The lender’s CEO Godfrey Sebaana said the support aligns with the bank’s sustainability goals, and is a demonstration of its commitment to environmental stewardship and sustainable development.
Sebaana said supporting the Green Industry Agenda will not only foster industrial practices that benefit both the economy and the environment, but will also improve the quality of life for various communities across the country. He said: “Over the years, Uganda has witnessed significant economic growth, albeit at an environmental cost. Despite abundant renewable energy sources such as hydro and solar power, the industrial sector has, to some extent, relied on non-renewable energy sources like fossil fuels.
This has created a delicate balance between economic advancement and environmental conservation.” Through the initiative, DTB aims to enhance the sustainability of supply chains by supporting projects focused on eco-friendly materials and green logistics, and provide advisory services to manufacturers, helping them integrate sustainability into their operations and business strategies.