The part of the sentence "we recognize the importance" is correct and usable in written English.
You can use it to express that you or a group of people acknowledge or are aware of the value of something. For example: We recognize the importance of investing in our education for a successful future.
"In New Jersey, we recognize the importance of our children, they are our bright hope for the future.
As to why they undertook the exercise, they said: "We recognize the importance of security in our society.
We recognize the importance of balancing personal freedom with enforcement of rules to protect the public's health.
We recognize the importance that our British allies have placed on resolving the Shaker Aamer case, and accordingly, we have made this case a priority".
A Google spokesperson said: "We recognize the importance of building device-specific protections, and we're experimenting with solutions as we work to make Glass more broadly available".
"We recognize the importance of capacity restraint in improving the financial performance of the business," he said on the conference call.
"We recognized the importance of this property," he said.
We recognized the importance of having black folks from Ferguson really take the lead on directing our actions.
We incurred no debt, saved our wedding presents and were able to buy a home because we recognized the importance of long-range planning over short-term but fleeting "pleasure".
In this context, we recognized the importance of using the IPv6 technology for the interconnection of the smart meters with the rest of the infrastructure.
Furthermore, we recognized the importance of using organisms that were familiar to the kindergarteners, so that the students would be able to utilize their prior knowledge.
