The Uganda Securities Exchange (USE) has urged companies to strengthen sustainability reporting as investors increasingly demand transparency on environmental, social and governance performance.
Speaking at the 2025 Financial Reporting (FiRe) Awards in Kampala, the Exchange said organisations must go beyond financial statements to demonstrate measurable social and environmental impact.
“Sustainability reporting is not just about compliance; it’s a strategy for survival, growth and trust,” USE said, adding that global investment trends now favour companies with clear ESG commitments.
The Exchange cited a 2024 KPMG survey showing a sharp rise in global sustainability reporting, saying this demonstrates that accountability on climate and social risks is now an expectation from markets, regulators and investors.
USE warned that Uganda could lose out on investment if listed companies fail to align with global standards, noting that over US$30 trillion in assets globally are currently managed under ESG principles.
Companies such as UMEME, Stanbic Bank Uganda and MTN Uganda were highlighted for publishing dedicated sustainability reports that align with international best practices.
To support wider adoption of sustainability reporting, USE said it is developing a national guidance framework for listed companies, working with ICPAU to prepare for implementation of IFRS Sustainability Disclosure Standards, and expanding capacity-building under the USE Academy to help both listed and private institutions strengthen ESG disclosures.
According to USE, improved sustainability reporting will enhance investor confidence and support Uganda’s long-term development goals.
The FiRe Awards, now in their 15th year, are organised by the Institute of Certified Public Accountants of Uganda in partnership with national regulators and media institutions to promote excellence in financial reporting, governance and accountability across all sectors.