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
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
MTN Ghana launches fixed wireless phones for SMEsMTN Ghana has launched the Eazifon fixed wireless phone as an alternative to the traditional landline fixed phone for Small and Medium-sized Enterprises (SMEs). Read More
Cameroon to increase telephone digits in NovemberThe number of telephone digits in Cameroon will be increased from eight to nine come 21 November 2014, the telecoms regulator, l’Agence de Régulation des Télécommunications (ART), announced recently at a press briefing. Read More
“Colossal disparity” between fixed, mobile penetration in AfricaThere is a “colossal disparity” between fixed and mobile communication penetration rates in Africa, according to analyst firm Frost & Sullivan. Read More
Preparing for the next evolution in the telecoms landscapeChange is coming to the telecoms market, as increased competition, reduced cost of services and changing business models pave the way for new services, new solutions and more pervasive communication to connect more users, more affordably, says Jasco. Read More
MTN notes ruling by International Arbitration PanelMTN Group has noted that a tribunal of independent arbitrators has ruled against Turkish mobile operator Turkcell, in the investor-state arbitration under a bilateral investment treaty case held in terms of the rules of the United Nations Commission on International Trade Law (UNCITRAL). Read More
Vodacom enhances enterprise voice suiteVodacom Business Nigeria has enhanced its enterprise voice suite with the launch of two new solutions, Business Connect and Business Express. Read More
Telecom Namibia receives NTA certificationTelecom Namibia Training Centre has been endorsed by the Namibia Training Authority (NTA), the national body responsible for the registration of vocational training centres and institutes, to deliver a wide range of general IP/IT training programmes. 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.
COMPANY NEWSCNN, MultiChoice name top African Journalist 2014
Kenyan journalist Joseph Mathenge has been awarded the top prize at this year’s CNN MultiChoice African Journalist 2014 Awards Ceremony.