According to KPMG, capital providers are increasingly eager to examine how their funds are leveraged to create stakeholder value through Environmental Social Governance (ESG) to enhance societal well-being.
Mr. Stephen Ineget, the country leader of KPMG and chairman of the awards committee, said it was no longer sufficient for organizations to report only about profit while omitting factors that contribute to the preservation of the ecosystem within which they operate during the Institute of Certified Public Accountants of Uganda Financial Reporting Awards in Kampala last week.
“Providers of capital and debt financing are now keener than ever to examine how their resources are used holistically to produce stakeholder value to support the well-being of society,” he added, emphasizing that because the majority of environmental concerns are caused by human activity.
Bank of Uganda received the award for regulatory bodies and associations, and MTN took home the prize for best consumer and industrial products.