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The phrase "also recognizes the importance" is correct and usable in written English.
You can use it when discussing acknowledgment or validation of a significant aspect or factor in a particular context.
Example: "The report also recognizes the importance of sustainable practices in business operations."
Alternatives: "also acknowledges the significance" or "also highlights the value".
Exact(29)
Mr. Hébert is a free-market conservative who favors deregulation but also recognizes the importance of state's rights.
"This bill also recognizes the importance of Metro's long-term financial health through pension reform for new employees, while meeting our commitment to existing employees," Stessel said.
The sociological approach also recognizes the importance of public opinion in areas that have little or nothing to do with government.
The project also recognizes the importance of sustainability – the need to protect not only essential resources against depletion, but also ecological diversity in its own right.
The bureau, in a written statement, said, "While the F.B.I. recognizes there have been instances of misconduct by a few F.B.I. employees, it also recognizes the importance of human source information in terrorism, criminal and counter-intelligence investigations".
On the latter, it was clear by mentioning his family several times that his decision to relocate in another country was not an easy one to take, for as a global executive, even having very special moments away from your duties to enjoy for example a college basketball game with his dear ones, he also recognizes the importance of being close and "here-and-now" when it matters.
Similar(31)
The leadership must also recognize the importance of equal valuation of missions as an important contributor to faculty dissatisfaction.
García also recognized the importance of answering Harrington right then and there.
But most scholars and practitioners now also recognize the importance of the informal influence that can come from organizational networks.
He also recognized the importance of the cell nucleus, discovered in 1831 by the Scottish botanist Robert Brown, and sensed its connection with cell division.
He also recognized the importance of using the right variety and age of botanical specimens to be used in making drugs.
More suggestions(11)
also emphasizes the importance
also incorporates the importance
also recognizes the centrality
also acknowledges the importance
also recognizes the role
also realizes the importance
also confirms the importance
also understands the importance
also recognise the importance
also recognizes the roles
also recognizes the important
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com