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
Safaricom launches third sustainability reportSafaricom has announced the release of the 2014 Sustainability Report as it continues to lead transformational change within the organization. Read More
Employees voice concern over IPODaggers have been drawn between the Botswana Telecommunications Corporation Limited (BTCL) employees and the management over an alleged lack of consultation on the Initial Public Offer. Read More
Local firms reap rewards of BOFINET tenderA multi-million dollar tender issued by Botswana Fibre Networks (BOFINET) will benefit a handful of local ICT and construction organisations. Read More
Vodafone Ghana wins two CIMG awardsVodafone Ghana has been adjudged the Telecommunications Company of the Year 2013, while its Corporate Social Responsibility (CSR) programme, HealthLine, picked the TV Programme of the Year 2013 award at the Chartered Institute of Marketing Ghana (CIMG) Awards held in Accra. Read More
Gabon, World Bank sign US$58 million-fibre optic agreementGabon and the World Bank have signed a US$58 million agreement that will clear the way for the construction of a major fibre optic infrastructure to link the country’s five provinces and cross over to the Republic of Congo. Read More
Operators to suffer $14bn in lost revenues this yearA new report has found that voice and messaging traffic lost to OTT (Over The Top) players such as WhatsApp, Facebook and Skype will cost network operators $14 billion in revenues globally this year. Read More
Wiko eyes 10% market shareNew entrant to Nigeria’s mobile phone industry and French firm, Wiko Mobile, says it is targeting 10 per cent of Nigeria’s market. Read More
TeliaSonera International Carrier strengthens connectivity in Western AfricaTeliaSonera International Carrier (TSIC) and Angola Cables have announced an IP Transit agreement that will enhance regional connectivity to TSIC’s customer base along the West African coast using Angola Cables’ significant submarine cable assets. Read More
We’ve built West Africa's strongest aerial fibre, says Phase 3 chiefThe Chief Executive Officer of Phase 3 Telecom, Mr. Stanley Jegede, says the firm has invested massively in building a very robust aerial fibre network to improve connectivity across the country and the entire West African sub-region. Read More
Orange launches reward scheme for corporate clientsOrange has introduced a loyalty programme for its corporate clients, dubbed Corporate Ziada. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.