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Environmental sustainability

Equity Bank Uganda Takes the Lead in Environmental Sustainability through Access to Clean Energy Solutions

Strategic Insights

— 1 min read

Equity Bank Uganda has been leading the charge in promoting environmental sustainability by providing access to clean and affordable energy solutions. With the Equi-Green product at its core, the bank has been successfully disbursing green loans to support renewable energy projects, energy efficiency initiatives, and other environmentally friendly endeavors. This effort has resulted in the bank successfully planting 30,118 trees in 2024 and partnering with organizations like the Uganda Energy Credit Capitalization Company to facilitate green energy projects.

Key Takeaways:

  • Equity Bank Uganda has disbursed UGX 22.24 billion in green loans for climate finance, supporting projects that promote renewable energy and energy efficiency.
  • The Equi-Green product offers households, small businesses, and communities access to energy-saving products, including clean cooking stoves, solar lighting systems, and water and sanitation solutions.
  • The bank has sold 51,811 clean energy products, such as solar lights and clean cook stoves, to promote affordable and eco-friendly alternatives to traditional, polluting energy sources.
  • Equity Bank Uganda has onboarded 18 clean energy implementation partners to provide clients with quality products and technical support.
  • The bank has partnered with the Uganda Energy Credit Capitalization Company, securing UGX 5.0 billion in green finance funds to support the adoption of renewable energy technologies in Uganda.
  • These initiatives align with the global Sustainable Development Goals (SDG's), reinforcing the bank's commitment to combating climate change and preserving the environment.

Statistics:

  • UGX 22.24 billion in green loans disbursed for climate finance.
  • 51,811 clean energy products sold, including solar lights, clean cook stoves, and other sustainable energy solutions.
  • 30,118 trees planted in 2024 as part of the bank's environmental conservation efforts.
  • 18 clean energy implementation partners onboarded.
  • UGX 5.0 billion in green finance funds secured for the adoption of renewable energy technologies in Uganda.

Sources:

  • [Equity Bank Uganda]
  • [Uganda Energy Credit Capitalization Company]

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