Stanbic Uganda Holdings Limited scooped the Gold Accolade for the Integrated Report of the Year award at the 2023 Financial Reporting Awards held in Kampala on Nov.1. National Social Security Fund won Silver while PostBank went home with Bronze.
Organised by the Institute of Certified Public Accountants of Uganda, this year’s awards were held under the theme ‘ESG: reporting as brand storytelling’.
The Committee received 100 entries for participation in the 2023 Financial Reporting (FiRe) Awards.
It emphasized integrated reporting and ESG considerations.
“The winners of the top three Awards were selected based on the extent of connectivity of information resulting in a holistic, comprehensive, and coherent annual report,” said CPA Stephen Ineget, the Committee Chairperson.
ESG is an external investment framework, or a form of metrics, that helps organizations communicate their initiatives and investors assess the organization’s performance and risk.
It has three pillars: environmental, social, and governance which assist organizations in identifying and addressing potential risks, improve decision-making, and enhance long-term value creation.
Thomas Tayebwa said the Awards were critical for improving the reporting standards of participating organisations and causing a positive impact on the growth of the Ugandan economy.
About Stanbic Uganda Holdings Limited
Stanbic Uganda Holdings Limited (SUHL) is part of the Standard Bank Group, Africa’s largest Bank measured by footprint and assets.
The company (SUHL) is comprised of 5 subsidiaries which include: Stanbic Bank Uganda Limited: – the leading commercial bank in the country, Stanbic Properties Limited: – a real-estate company, SBG Securities Uganda Limited: – an investment and brokerage firm, Stanbic Business Incubator Limited: – an entreprise development institution and FlyHub Uganda Limited: – a technologies and innovations company.
“We believe that for us to grow, the communities around us should grow alongside us. This is enshrined in our purpose statement, Uganda is our home, and we drive her growth evidenced in our footprint across several key industries in the economy, including real estate, brokerage, technology, education and financial services,” Stanbic says.
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