Access Bank Mozambique highlights importance of sustainable development through ESG

Access Bank Moçambique destaca importância do desenvolvimento sustentável através do ESG

The Access Bank Mozambique group advocates adopting the ESG (Environmental, Social, and Corporate Governance) agenda as a key factor in promoting responsible and sustainable practices, and is essential in order to ensure business competitiveness and prosperity in the future.

Speaking during the conference on ESG and Green Financing, on the theme "Access to finance for micro, small and medium-sized enterprises in the light of green obligations", which took place on March 21, the Managing Director of Access Bank Mozambique, Marco Abalroado, explained that the implementation of environmental, social and governance practices in companies can contribute to the creation of solid and sustainable businesses.

"As a concerned and responsible bank, we believe that the implementation of environmental, social and governance practices in companies contributes to the creation of solid businesses that take sustainability criteria into account," he said.

The need for a transition to a green economy is particularly felt in Mozambique, where measures against climate change, resource efficiency and the creation of green jobs are crucial for sustainable development.

Meanwhile, at the conference aimed at analyzing the level of implementation of the ESG agenda in Mozambique, training the private sector on ESG practices and presenting financing solutions for micro, small and medium-sized enterprises through green bonds, it was argued that the adoption of sustainable practices must become an imperative for companies seeking greater prosperity, while at the same time wanting to contribute to a fairer society and a healthier environment.

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