Uganda: Technical Support on Green Taxonomy/Green Finance Stakeholder Engagement

Kampala

Organization: GGGI - Global Green Growth Institute
Location: Kampala
Grade: Level not specified - Level not specified
Occupational Groups:
- Statistics
- Accounting (Audit, Controlling)
- Banking and Finance
- Environment
- External Relations, Partnerships and Resource mobilization
Closing Date: Closed

Uganda: Technical Support on Green Taxonomy/Green Finance Stakeholder Engagement

Based in Seoul, The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as “green growth”, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change.

PROJECT BACKGROUND

GGGI has signed an MoU with aBi Finance Holdings Limited (aBiFH) which is aimed at advancing green finance for green agribusiness investments in Uganda. This also includes stakeholder engagements for the financial services sector as well as capacity building on development of green loan products and provision of liquidity for green finance to financial institutions.

To facilitate implementation of the above interventions, a Green Taxonomy for aBiFH shall be elaborated to provide a clear guidance for identifying green projects and investments in agribusiness. A green taxonomy identifies the activities or investments that deliver on environmental objectives, helping drive capital more efficiently toward priority environmentally sustainable projects.

The taxonomy would provide aBiFH and its clients (financial institutions) with appropriate definitions for which economic activities within agribusiness can be considered environmentally sustainable. In this way, it should create clarity for aBiFH and its clients on green investments with the objective to avoid greenwashing and help them to become more climate-friendly, and initiate a shift towards greener financial products.

GGGI will hire an International Consultant in Green Taxonomy with the purpose to develop an organisation-level Green Taxonomy standard for aBiFH and to deliver stakeholder engagement on green finance to aBi and its clients (financial institutions in Uganda).

OBJECTIVES OF THE ASSIGNMENT

The main objective of the assignment is to support establishment of Green Finance Taxonomy for aBi, with a focus on agribusiness, and to lead stakeholder engagements on green finance in Uganda.

The following are the envisaged outputs:

Output 1: A draft Green Taxonomy of sustainable agribusiness investments for aBiFH.
Output 2: Lead stakeholder engagement on green finance for aBiFH clients targeting ESG and green financial products for agribusiness.
Output 3: Final Green Taxonomy of green investments for aBiFH.

Please refer to the next section (“Deliverables and Payment Schedule”) for details of each output.

DELIVERABLES AND PAYMENT SCHEDULE

Output 1: A draft green taxonomy of agribusiness investments for aBiFH.

The consultant shall assess the focus areas of aBiFH’s operations (mainly agribusiness investments) and develop a country-level summary analysis of investments classification across multiple agribusiness value chains. As Uganda does not yet have in place a national green taxonomy, this draft taxonomy shall apply only to aBiFH and shall consider international experience and existing regulations on sustainable economic activities and apply those principles to the Ugandan/organization context. These will include the World bank recommendations on the principles and methodology for developing a taxonomy of sustainable investments, among others.

Output 2: Lead stakeholder engagement on green finance, targeting ESG and sustainable financial products.

aBiFH supports agribusinesses primarily by providing financial services channeled through the local financial institutions. As part of aBiFH’s intent to drive towards more green investments, it is planned that several stakeholder engagement sessions with financial institutions shall be held. These engagements will have a broad focus on the business case for ESG and will provide information and resources on sustainable and green financial products which can help them to perform due diligence, select and monitor related products for sustainable and green investments in agribusiness. It is envisaged that these stakeholder engagements will focus on high level management of the financial institutions, including Product Development, Heads of Credit and even Managing Directors.

Output 3: A final green taxonomy of sustainable investments in agribusiness for aBiFH.

The consultant shall prepare a final green taxonomy of agribusiness investments, considering consultation with aBi focal points, local financial institutions, and other stakeholders. A final presentation will be made to several stakeholders at the conclusion of the assignment.

Payment Schedule

#	Output	Date	Payment (% of total)
1	Draft Green Taxonomy	TBD	(30%)
2	Stakeholder engagement	TBD	(30%)
3	Final Green Taxonomy	TBD	(40%)
Total			(100%)

Total fee: up to USD 25,000 depending on candidate's credentials

EXPERTISE REQUIRED

The description of required expert may be split into following parts:

A Master’s degree in Business Administration, Finance, Economics, Engineering, Mathematics, Statistics, or a related field.
At least 10 years of experience in the financial sector, development of financial instruments, legislation/regulation development.
Extensive technical knowledge relevant to green finance, green financial instruments and green taxonomy. Prior work on green taxonomy shall be an advantage.
Experience with training, facilitation and stakeholder engagement on sustainable development and green finance is an asset.
Strong quantitative modeling skills and demonstrated ability to produce user-friendly tools.
Familiarity with climate/development finance and climate change adaptation/mitigation projects.
Excellent English writing and communication skills.
Please provide an updated CV.
Candidates will be selected based on initial screening of CVs followed by an interview.

ADMINISTRATIVE INFORMATION

Date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English. A consortium, or a firm may not be engaged for the individual consultant assignment.

Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.

This vacancy is now closed.
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