The Equity Orchard Initiative where the bank has partnered with Bank of Uganda, among others, has led to the planting of thousands of trees annually
HABARI DAILY I Kampala, Uganda I On the sustainability journey it embarked on several years ago, Equity Bank has successfully disbursed Shs 22.24 billion in green loans for climate finance.
Green loans are a type of loan specifically designed to finance projects that have a positive environmental impact, such as those focused on renewable energy, energy efficiency, or sustainable transportation. They encourage borrowers to invest in eco-friendly initiatives by providing financial support for projects that contribute to a greener transition.
According to bank officials, these loans are specifically targeted to support projects that promote renewable energy, energy efficiency, and other green initiatives. It also provides accessible capital to individuals, businesses, and organizations that seek to implement projects contributing to environmental conservation and climate change mitigation.
“In 2024, the bank successfully planted 30,118 trees, reinforcing its role in tackling deforestation, soil erosion and carbon emissions. It has also onboarded 18 clean energy implementation partners to ensure clients receive not only financing but also access to quality products and technical support,” reads part of a press release issued recently.
The release further said that the core area of focus for the bank has been the promotion and distribution of clean energy products (Equi- Green).
Tree planting is at the core of the Green Economy
“To date, the bank has sold 51,811 clean energy products including; solar lights, clean cook stoves, and other sustainable energy solutions. These products are aimed at reducing reliance on traditional, polluting energy sources and providing affordable, eco-friendly alternatives to underserved communities, particularly in rural areas.”
Equi- Green product
These are some of the bold steps Equity Bank is taking in protecting the environment by driving access to clean and affordable energy solutions. “Equity is demonstrating leadership by financing green solutions that not only improve lives but also contribute to the country’s broader environmental goals.
At the center of these efforts is the Equi- Green product- a financial solution designed to help; households, small businesses and communities to access energy-saving products.
These products include; clean cooking stoves, solar lighting systems, water and sanitation (WASH) solutions. By reducing dependence on traditional energy sources such as; charcoal and kerosene, Equi-Green supports healthier lifestyles, lower energy costs, and a cleaner environment.
UECCC partnership
In order to further strengthen its position in the green economy, the bank has also partnered with the Uganda Energy Credit Capitalization Company (UECCC), securing Shs 5.0 billion in green finance funds.
This partnership supports the bank’s commitment to financing clean energy projects and scaling up the adoption of renewable energy technologies in Uganda. The funds are allocated to green energy projects, ensuring that individuals and businesses can access affordable financing for sustainable energy solutions.
These initiatives align with the global Sustainable Development Goals (SDG’s), and ensures that the bank is playing a key role in combating climate change by facilitating investments in green projects that have a long-lasting positive impact and preservation of the environment
