NAIROBI, Kenya, June 24 – Britam Holdings has channeled Sh2.4 billion in sustainability dedication with a deal with inclusive growth.
The insurer, in its 2024 Sustainability report, asserted that the financing has been directed in direction of native and minority-owned suppliers.
The monetary providers agency applied progressive procurement insurance policies, together with a 50 % discount in prequalification charges for youth- and women-led enterprises, and full exemptions for suppliers owned by individuals with disabilities (PWDs).
As a end result, minority-owned suppliers represented 21 % of all prequalified distributors, with 10 self-identifying as PWD-led.
“By working carefully with home suppliers vetted utilizing ESG standards, Britam created downstream financial alternatives whereas elevating sustainability requirements throughout our provide chain,” mentioned its CEO, Tom Gitogo.
Likewise, Britam averted 77.82 tonnes of carbon emissions in 2024 by way of photo voltaic installations at Britam Centre, saving Sh2.17 million in power prices.
The firm additionally launched electrical automobile (EV) charging stations and reverse osmosis water techniques throughout 11 branches to cut back plastic waste.
To commemorate its sixtieth anniversary, Britam has pledged to plant 60 million bushes throughout Africa by 2030, as a part of its dedication to sustainability.
On the social entrance, Britam’s microinsurance portfolio now serves over 4 million purchasers, primarily from the casual sector, and its persistent sickness care program doubled in attain, saving Sh5.2 million in medical prices.
The insurer equally disclosed Sh4.07 billion in tax contributions in 2024.
Britam says it stays dedicated to deepening ESG integration by enhancing local weather resilience, increasing monetary inclusion, and fostering stakeholder partnerships throughout its markets.
