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Standard Chartered Bank Launches USD18,565 Climate Change Innovation Challenge.

Written by on June 23, 2022

“The youth are an important constituency in the conservation of biodiversity and have a huge impact on it. They are energetic, technology-savvy, constantly evolving, oriented to problem-solving and often propagate active consumerism. Their strong comprehension on sustainability which advocates for reduction in footprints and improved quality of life across sectors and industries is essential for the future. We are therefore excited to see several schools coming on board and eager to take part in this Climate Change Innovation Challenge and wish all the participants the best as they compete for the top spots as the rewards will be lucrative.” – Margaret Kigozi the Head, Corporate Affairs Brand and Marketing of Standard Chartered Bank Uganda.

Standard Chartered Bank Uganda in partnership with ECOTRUST launched a USD 18,565 (Ugx 69,450,000) Climate Change Innovation Challenge at an event presided over by the Lead Forest Officer, Ministry of Water and Environment; Bob Kazungu as several participating school representatives witnessed.

The Climate Change Innovation Challenge aims at driving secondary school students in the Kampala Metropolitan Area to come up with innovative solutions to environmental issues affecting their communities. The Innovation Challenge core objective is to further advance the Bank’s bold STAND – ‘Accelerating Net Zero’. 5 innovative proposals will each be funded to a tune of USD1,000 to implement the ideas.

Furthermore, the Bank will partner with Buhimba Farmer’s Union under the employee volunteering programme in the implementation of a tree cover restoration project for small holder farmers in Kikuube district – in the Albertine Rift Region.

Margaret Kigozi the Head, Corporate Affairs Brand and Marketing of Standard Chartered Bank

During the launch, Margaret Kigozi the Head, Corporate Affairs Brand and Marketing of Standard Chartered Bank Uganda said; “The youth are an important constituency in the conservation of biodiversity and have a huge impact on it. They are energetic, technology-savvy, constantly evolving, oriented to problem-solving and often propagate active consumerism. Their strong comprehension on sustainability which advocates for reduction in footprints and improved quality of life across sectors and industries is essential for the future. We are therefore excited to see several schools coming on board and eager to take part in this Climate Change Innovation Challenge and wish all the participants the best as they compete for the top spots as the rewards will be lucrative.”

 

The Lead Forest Officer at Ministry of Water & Environment, Bob Kazungu commended the Bank and its implementing partners for supporting Government efforts by investing in involving the youth in promoting environmental conservation and appealing to the consciousness of the entire nation to be more proactive in finding solutions to solve the environmental challenges we are all faced with today.

“The innovation challenge is indeed a good example of ‘best practices’ in the fight against climate change

The Chief guest, Lead Forest Officer, Ministry of Water and Environment Bob Kazungu.

associated effects and as Government we pledge our continued collaboration with the bank in your climate change journey.” he said, further appealing to various communities to all play a role in solving this issue.

Kazungu advised communities to change their mindset towards environmental conservation by proactively planting trees at every opportunity and changing their impact on the environment.

Schools participation Process;

  • Invitations to participate in the Climate Change Innovation Challenge will be sent out to at least 30 (thirty) schools within the Kampala Metropolitan Area.
  • The participating students are expected to develop a solution to an environmental issue affecting their school or community. The students report on the problem and their proposed solution through a clear “action plan” and an itemized budget in line with the activities set in the proposal.
  • Students are strongly encouraged to work in teams.
  • The proposals are to be submitted via email to scbchallenge@ecotrust.or.ug by 5 pm on the 3rd of July 2022 in advance of the final pitching by 10 shortlisted schools to be held on 8th of July 2022.
  • The shortlisted school – teams will be invited to the pitching event and will be given 10 minutes to present their action plans Infront of a panel of judges.
  • The winning ideas will be recognized and awarded at the event on 8th July 2022. The top 5 winners will each receive USD 1000 whilst the other participants will also walk away with gifts courtesy of Standard Chartered Bank Uganda.

The livelihoods of most Ugandans intimately depend on the environment, both as a source of subsistence and as a basis for production. Howver, environmental degradation in the country is critical.


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