NAIROBI, Kenya, June 24 – Britam Holdings has channeled Sh2.4 billion in sustainability commitment with a focus on inclusive development.
The insurer, in its 2024 Sustainability report, asserted that the financing has been directed towards local and minority-owned suppliers.
The financial services firm implemented progressive procurement policies, including a 50 percent reduction in prequalification fees for youth- and women-led enterprises, and full exemptions for suppliers owned by persons with disabilities (PWDs).
As a result, minority-owned suppliers represented 21 percent of all prequalified vendors, with 10 self-identifying as PWD-led.
“By working closely with domestic suppliers vetted using ESG criteria, Britam created downstream economic opportunities while raising sustainability standards across our supply chain,” said its CEO, Tom Gitogo.
Likewise, Britam avoided 77.82 tonnes of carbon emissions in 2024 through solar installations at Britam Centre, saving Sh2.17 million in energy costs.
The company also introduced electric vehicle (EV) charging stations and reverse osmosis water systems across 11 branches to reduce plastic waste.
To commemorate its 60th anniversary, Britam has pledged to plant 60 million trees across Africa by 2030, as part of its commitment to sustainability.
On the social front, Britam’s microinsurance portfolio now serves over 4 million clients, mainly from the informal sector, and its chronic illness care program doubled in reach, saving Sh5.2 million in medical costs.
The insurer similarly disclosed Sh4.07 billion in tax contributions in 2024.
Britam says it remains committed to deepening ESG integration by enhancing climate resilience, expanding financial inclusion, and fostering stakeholder partnerships across its markets.
