Sustainability
Sustainability Dimensions
Sustainability is the foundation of Platcorp, our philosophy rests on building long-term value and driving positive change through transformational partnerships with our stakeholders.
Impact
Operating across the entire impact spectrum, we’ve set out an ambitious pathway to achieving our sustainability goals. This includes shifting our focus towards the Sustainable, Thematic, Impact First and Philanthropic Impact Investment categories across our portfolio.
Economic
- Financial Inclusion
- SME Development
- Job Creation
- Poverty and Inequality Reduction
Environmental
- Sustainable Agriculture
- Biodiversity and Ecosystem Conservation
- Access to Clean Energy
- Climate Change Mitigation
- Sustainable Land Management
- Climate Resilience and Adaptation
Social
- Women's Empowerment
- Access to Education
- Access to Healthcare
- Access to Water, Sanitation and Hygiene
- Youth Empowerment
Environmental, Social and Governance (ESG)
ESG focuses on internal systems and processes, and best practices to improve ESG outcomes, in order to measure the sustainability and societal impact of an investment in a company. Platcorp’s ESG Improvement Cycle illustrates our framework for the iterative improvement of our ESG systems and processes.
Environmental
- Water Use
- Carbon Emissions
- Waste Management
- Energy Use
Governance
- Legal Compliance
- Anti-Competitive and Corrupt Behavior
- Transparency and Disclosure
- Board Independence and Shareholder Rights
- Supply Chain Management
- Leadership Succession Planning
- Human Rights
Social
- Occupational Health and Safety
- Gender Equality and Women's Empowerment
- Employee Career Development
- Civic Engagement and Giving
- Client Protection
- Data Privacy and Security
- Non-Discrimination and Harassment
- Employee Wellbeing
- Fair Compensation
Corporate Social Responsibility (CSR)
CSR focuses on how we manage our processes to generate stakeholder value while maintaining our positive impact on the community and environment. Driven by Platcorp’s values in recognising the importance of corporate citizenship, our approach to CSR is based on a combination of Subsidiary-level activities and collective Group-level initiatives implemented through the Platcorp Foundation.
Environmental
- Tree Planting
- Waste Reduction and Litter Clean-Ups
- Decentralized Water Storage and Sanitation
- Walks and Marathon Runs for Conservation
- Ocean Conservation and Sea-Turtle Releases
- Park Ranger Support
Social
- School Support and Development
- Sports Teams and Events Support
- Hospital Support and Development
- Children's Home Support and Development
- Emergency Support and Donations
- Prison Support and Donations
- Community Support Workshops and Training
Principles, Standards & Initiatives
Sustainable Development Goals
Platcorp supports the Sustainable Development Goals (SDGs) and is actively contributing towards achieving them by 2030.
United Nations Global Compact
Platcorp has committed to the United Nations Global Compact (UNGC) corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.
Science Based Targets Initiative
Platcorp has committed to set near- and long-term company-wide emission reductions in line with science-based net-zero with the Science Based Targets Initiative (SBTi) aligned with the Business Ambition for 1.5°C campaign.
Women’s Empowerment Principles
Platcorp has committed to the United Nations Women’s Empowerment Principles (WEP) offering guidance to business on how to promote gender equality and women’s empowerment in the workplace, marketplace and community.
Social Performance Task Force
Platcorp is committed to market leading social performance management in line with the Client Protection Standards and Universal Standards for Social and Environmental Performance Management as guided by the Social Performance Task Force (SPTF).
Blog Section
Climate Change - Carbon Emissions
Climate Change presents one of the biggest threats to ecosystems, economies, and livelihoods in Africa. To reduce out carbon footprint, The Platcorp Group has undertaken detailed carbon accounting across all of our subsidiaries.
Road Safety Awareness
Prioritizing road safety is paramount to ensure the well-being of employees and maintain a secure working environment. Implementing comprehensive road safety policies and procedures is essential for both employees who commute to the workplace and those engaged in business-related travel.
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Water
Since 2020, we've been tracking and managing how much water we use in our subsidiaries across Kenya, Tanzania, Uganda, South Africa, and Zambia.
Client Protection
Twenty years of research and refinement of best practices in the inclusive finance industry have brought together 8 Client Protection Standards which ensure that financial services are delivered to clients in a safe, responsible, and fair manner.
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Sustainability Committees and Reports
Our Sustainability Committee is responsible for governing and providing oversight over all Platcorp Group’s Sustainability strategies and initiatives. The Committee’s responsibilities include:
- Reviewing the Group’s Sustainability strategy and policies that directly affect the Platcorp Group’s standing with its stakeholders with respect to Impact, ESG and CSR
- Reviewing all annual PHL Sustainability plans and budgets
- Reviewing all Platcorp’s external communications related to Sustainability activities
Click here to download our most recent reports:
2021 Sustainability Report
2022 Sustainability Report
2023 Sustainability Report