The Uganda National Oil Company (UNOC) has scooped the Balance Scorecard Institute’s 2023 Award for Excellence.
The award is a recognition of organisations’ outstanding achievements in strategic performance management, recognized UNOC's strong executive leadership, strategy development, strategy communications, organizational alignment, sustainability, and breakthrough results.
The Award was presented to an audience in Kampala that included UNOC board members, senior management, and staff.
UNOC's journey towards excellence has been marked by improvements in employee recruitment and training, deliberate effort toward shaping the company culture, and improved internal risk management and business controls.
In addition, new company strategic partnerships have driven state commercial interests and stakeholder needs to retain national value in-country, building knowledge and the capacity of Ugandan firms in the Oil and Gas sub-sector.
Throughout the strategic cycle, the company has embraced sustainability and ESG as an integral fabric for driving sustainable development of Oil and Gas on behalf of the state. The company's strategic foresight and dynamic leadership have enabled it to navigate complex challenges while achieving remarkable growth and impact.
"We are thrilled to present the Award for Excellence to UNOC," said Howard Rohm, BSI President, and Co-Founder.
"UNOC's dedication to implementing a comprehensive strategic performance management framework, as well as its focus on sustainability and data-driven decision making and strategic allocation of resources, truly reflects the core principles of the balanced scorecard methodology."
"Receiving such an award underscores our commitment to doing better every day," said Proscovia Nabbanja, UNOC CEO. "At UNOC, we strive for excellence. We choose to be different by not only focusing on short-term but building value for the long-term and this is underpinned by a strategy delivered through a balanced scorecard approach."
The Award for Excellence recognizes exceptional commitment to strategic performance management and alignment with global best practices. The recognition not only celebrates the recipient's achievements but is also intended to serve as an inspiration to other organisations to adopt a more holistic approach to performance management and a systematic drive for meaningful results.