Safaricom launches sustainability report
TELECOMS| Sept. 9, 2012, 8:38 a.m.
Safaricom has launched its first ever Sustainability Report, identifying major sustainability risks and detailing the proactive measures that the company is taking to ensure a better tomorrow for future generations.
The Sustainability Report is hinged on the 8 strategic pillars that cut across the regulatory environment, energy and network security, innovation, ethical supply chain conduct , corporate ethics, environmental impact and employee engagement.
Speaking during the launch the report, Chief Executive Officer Bob Collymore described the report as the most detailed in the East African region Kenya complying with the stringent standards set in the Global Reporting Initiative (GRI) and in line with requirements set by the UN Global Compact Board.
He went on to say: "We have taken the bold move to embrace sustainability reporting since we know business today has to move from just doing the right things to doing things the right way. We have taken a critical look at the impact of our actions and decisions on the economy, climate, political environment, social, governance and environmental ecosystem. This report is really is about our collective future.”
Addressing the media at the same event, Safaricom Chairman Nicholas Ng’ang’a explained that with the launch of the report: “we are now making a commitment to shareholders, suppliers and customers alike, that we will safeguard the environment, adhere to ethical business practices, and embrace innovation in all of our activities.”
He added that the Sustainability Report will also enhance the positioning of Safaricom in the investor market, making the company’s shares attractive to global investors who place a premium on sustainable business practices.
With the launch of the report, Safaricom joins the ranks of companies such as Nation Media Group and KCB in Kenya and Vodafone, Coca-Cola, Adidas and British Petroleum at the international level.
MORE TELECOMS NEWS
Outsourcing of telecoms towers management a win-win situation - analystsThe sale of tower assets by African telecoms operators to independent management firms is a win-win situation, according to analysts, with operators benefitting from reduced costs and the buyers obtaining potentially valuable long-term assets. Read More
Smartphones fail to break into DRC marketDespite harvesting an unprecedented success in other parts of the African continent, smartphones have failed to make any significant impact in the Democratic Republic of Congo (DRC). Read More
Zamtel, NEC in microwave transmission projectZamtel and NEC Corporation have agreed to build a new digital microwave radio transmission network to boost mobile coverage and capacity across Zambia. Read More
Nokia, oRn partner for Rwanda’s first commercial LTE networkolleh Rwanda Networks (oRn), a joint venture between the Rwandan government and KT Corporation, has chosen Nokia Networks to provide network and managed services for the country’s first commercial LTE network. Read More
Murielle Lorilloux is Vodacom Congo new MDMurielle Lorilloux, a French citizen and former Orascom Algeria marketing director, has been appointed as the new managing-director (MD) of Vodacom Congo. Read More
Africell DRC’s star performance makes headlinesAfricell is the darling of the media in DRC on the back of winning five million subscribers in under two years. Read More
Kinshasa is DRC’s mobile epicentre: reportA recent report published by market research company Target has revealed that Kinshasa, the buoyant capital of the Democratic Republic of Congo (DRC) is the mobile epicentre – the country’s biggest market – where all cellphone companies concentrate their efforts to get their business going and win many customers. Read More
NCR urges Blu, Goldkey telecom to roll out before deadlineThe Network of Communication Reporters has urged two Broadband Wireless Access licensed companies, Blu and Goldkey Telecommunications to roll out before their 18 month deadline, which ends in November 2014. Read More
Improved power will improve telecoms services, says HuaweiChinese telecoms equipment vendor Huawei Technologies Limited has blamed erratic power supply from the national grid for the poor telecoms services in Nigeria. Read More
FEATURED STORYMFarmer SMS redefines market access for Ugandan farmers
Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.
BEST READ NEWS
IN DEPTHNIG President speaks his mind
Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.