Uganda Breweries Limited’s Society 2030 Mission is taking shape after an investment in a biomass plant which has apparently cut the company’s carbon emissions by 92%.
This was revealed by UBL Corporate Relations Director Juliana Kagwa while giving her remarks during the League of EastAfrican Directors for 2023 (LEAD2023) held at the Kampala Serena Hotel on Thursday July 27th, 2023.
“In our society 2030 vision, we are planning to be a net zero carbon emitter and the set-up of our new Biomass Plant has taken us a huge step towards that. We have cut our carbon emissions by 92% with just that single investment,” Kagwa said.
She added that UBL’s other initiatives like the Running Out of Trees (ROOTs) campaign are also aimed towards restoration of environmental eco systems and are part of the company’s water replenishment agenda where they plan on planting 40 million trees.
“Being 3rd top tax payer, UBL is one of those valued partners for government and society – as such we have responsibility under our Corporate Social Investment arm. These are laid out in our Society 2030 plan that is run in tandem with the UN SDGs. Under the Running out of Trees (ROOTs) campaign that we are running with the Ministry of Water and Environment and other partners like Total Energies, we intend to plant over 40 million trees – basically a tree for every Ugandan. This is part of our water replenishment agenda,” Kagwa said.
The Society 2030 Mission is under UBL’s Corporate Social Investment arm.
Other UBL members who attended the LEAD Convention included the Managing Director, Andrew Kilonzo, Finance Director Agnes Ssali and Non-Executive Director Rachel Dumba.
The LEAD Convention is an annual event that brings together prominent business leaders from the region. It is a platform that plays a crucial role in fostering collaboration, sharing insights, and promoting knowledge exchange among directors, executives, and key decision-makers.
The keynote speaker of this year’s Convention themed “Governance and business resilience in a dynamic regulator landscape” was the Deputy Governor Bank of Uganda Micheal Atingi-Ego who was represented by Philip Andrew Wabulya, the Executive Director Operations Bank of Uganda.
In his keynote speech read by Wabulya, Atingi-Ego emphasized that institutions must not lose sight of their purpose when faced with challenges and that directors should develop strategy and resilience as key pillars to dwell upon in aggregating shocks.
“Great corporate governance and regulation are not silver bullets or panaceas for resilience but serve to immunize organizations against inevitable shocks. Moreover, the frequency and severity of shocks imply that organisations require regular immunisation boosters to keep the defences,” he said.
During the convention, members, partners and leaders from different backgrounds and expertise discussed concepts and ideas that can be applied in the respective leadership contexts and areas of influence such as Environmental, social, and governance (ESG) in the volatility, uncertainty, complexity, and ambiguity (VUCA) era.