Equity Helps Environmental Sustainability by Equi-Green Loans
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has taken daring steps to guard the atmosphere by using entry for traditional Ugandans to neat and cheap power alternatives.
On the center of these efforts is the Equi-Green product—a monetary resolution designed to support households, small companies, and communities to entry power-saving merchandise. These merchandise include neat cooking stoves, characterize voltaic lighting methods, and water and sanitation (WASH) alternatives. By reducing dependence on primitive power sources corresponding to charcoal and kerosene, Equi-Green helps extra healthy life, decrease power expenses, and a cleaner atmosphere.
These initiatives align with the worldwide Sustainable Pattern Needs (SDGs) and ensures that the bank is enjoying a key characteristic in combating local climate exchange by facilitating investments in green initiatives which catch a permanent trail influence and preservation of the atmosphere
Sh22.24 billion in green loans
A indispensable milestone of Equity Bank in its sustainability stir has been the profitable disbursement of sh22.24 billion in green loans for local climate finance. These loans are particularly focused to support initiatives that promote renewable power, power efficiency, and diverse green initiatives. It also offers accessible capital to folks, companies, and organizations that gawk to implement initiatives contributing to environmental conservation and local climate exchange mitigation.
In addition, a core articulate of focal point for the bank has been the promotion and distribution of neat power merchandise (Equi-Green). Thus a long way, the bank has supplied 51,811 neat power merchandise, alongside side characterize voltaic lights, neat cookstoves, and diverse sustainable power alternatives. These merchandise are geared in direction of reducing reliance on primitive, polluting power sources and providing cheap, eco-pleasant selections to underserved communities, critically in rural areas.
Sh5.0 billion in green finance funds secured
With sustainability at the forefront of its work, the bank has also partnered with the Uganda Vitality Credit score Capitalization Company (UECCC), securing sh5.0 billion in green finance funds. This partnership helps the bank’s commitment to financing neat power initiatives and scaling up the adoption of renewable power applied sciences in Uganda. The funds are allocated to green power initiatives, guaranteeing that contributors and companies can entry cheap financing for sustainable power alternatives.
And as local climate exchange continues to influence communities across the nation, Equity is demonstrating management by financing green alternatives that no longer ideal make stronger lives but also make a contribution to the nation’s broader environmental targets.
Account 30,118 trees planted
In 2024, the bank efficiently planted 30,118 trees, reinforcing its characteristic in tackling deforestation, soil erosion, and carbon emissions. It has also onboarded 18 neat power implementation partners to be obvious purchasers uncover no longer ideal financing but also entry to quality merchandise and technical aid.
