NCBA Uganda yesterday made a significant stride in its sustainability journey by unveiling its first electric vehicle (EV) charging station at its Head Office in Twed Towers, Nakasero. This move aligns with the bank’s “Change the Story” agenda, emphasizing a commitment to environmental responsibility and social impact.
The launch coincided with the introduction of a Hyundai Kona EV into the bank’s fleet, signaling a shift towards electric mobility within the organization.
“This EV charging station represents a crucial step in our journey towards a more sustainable future,” said Mark Muyobo, CEO of NCBA Uganda. “We firmly believe in responsible business practices and are committed to playing our part in mitigating climate change.”
Transportation is a major contributor to global carbon emissions. By installing EV charging stations and financing sustainable transportation options, NCBA is actively facilitating a transition away from fossil fuel dependence.
NCBA’s “Change the Story” campaign encompasses a wide range of initiatives, including growing 10 million trees by 2030, eliminating the use of single-use plastics, and maximizing waste recycling efforts.
Louisa Wandabwa, NCBA Group Regional Director & Head of Group Strategy, highlighted the bank’s commitment to sustainability across its operations. “We’re committed to raising Shs900 billion for these initiatives, with a third already available for deployment,” she said.
Experts estimate that widespread e-mobility adoption in Uganda could prevent 1.5 million tons of CO2 emissions annually. By investing in EV fleets and charging stations, NCBA is paving the way for a more sustainable and resilient future for Uganda.
NCBA Uganda’s sustainability efforts are guided by its “Change the Story” framework, which encompasses a wide range of ESG (Environmental, Social, and Governance) initiatives.
This initiative demonstrates how financial institutions can play a pivotal role in achieving national and global sustainability goals.