Safaricom Contributes Sh983 Billion to Economy as It Celebrates 24 Years

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Safaricom’s contribution to the economy is not limited to its financial impact; it also has a significant social impact.

The Social Impact of Safaricom

Safaricom’s social impact is multifaceted and far-reaching. Here are some of the ways in which the company is making a positive difference in the lives of Kenyans:

  • Employment Opportunities: Safaricom provides employment opportunities for over 2 million Kenyans, making it one of the largest employers in the country.

    However, the report was not widely recognized until 2018 when Safaricom partnered with the United Nations Environment Programme (UNEP) to launch the “Safaricom Green Fund”.

    The Birth of a Sustainability Report

    Safaricom’s journey to creating a sustainability report began in 2012, when the company first released its report. However, it wasn’t until 2018 that the report gained widespread recognition.

    The telco incorporated 9 out of the 17 SDGs that has enabled it to impact millions of Kenyans in community projects.

    The Impact of a Telco on Sustainable Development Goals

    A Global Perspective

    The world is facing numerous challenges, and the United Nations’ Sustainable Development Goals (SDGs) aim to address these issues. The SDGs are a set of 17 goals that aim to end poverty, protect the planet, and ensure peace and prosperity for all. In the context of telecommunications, the adoption of SDGs has become increasingly important. This article will explore the impact of a telco on sustainable development goals, focusing on a specific example of a telco that has made significant contributions to achieving these goals.

    A Telco’s Commitment to SDGs

    A telco, in this case, a leading telecommunications company in Kenya, has made a commitment to incorporate 9 out of the 17 SDGs into its operations.

    100% of the mobile network is covered by 4.5 million customers. 38% of the population has been connected.

    Key Highlights of the Safaricom Sustainability Linked Loan

  • Net Zero Carbon Emissions: The loan will support Safaricom’s efforts to reduce its carbon footprint and achieve net zero emissions by Gender Diversity: The loan will also support Safaricom’s commitment to increasing gender diversity in the workplace, with a focus on promoting women’s participation in the tech industry. Social Equality: The loan will help Safaricom establish social equality by promoting access to digital services for underserved communities. ## The Impact of the Sustainability Linked Loan**

    • The Impact of the Sustainability Linked Loan

    The Safaricom Sustainability Linked Loan is a significant step towards the company’s goal of achieving net zero carbon emissions and promoting social equality. The loan will provide Safaricom with the necessary funding to implement its sustainability initiatives and track its progress towards its goals.

    Key Benefits of the Loan

  • Increased Efficiency: The loan will help Safaricom reduce its carbon footprint and increase its efficiency in using resources. Improved Sustainability: The loan will support Safaricom’s efforts to achieve net zero emissions and promote sustainable practices throughout the company. Enhanced Reputation: The loan will enhance Safaricom’s reputation as a responsible and sustainable business, attracting customers and investors who share these values. ## The Future of Sustainability in Kenya**

    • The Future of Sustainability in Kenya

    The Safaricom Sustainability Linked Loan is a model for other companies in Kenya to follow. The loan demonstrates the importance of prioritizing sustainability and social responsibility in business practices.

    Electronic waste is a growing environmental problem with severe consequences for human health and the planet.

    50% of the collected waste was from e-waste from the local government offices.

    The Rise of E-Waste Recycling

    The world is facing a growing problem with electronic waste, also known as e-waste. This type of waste is generated by the disposal of electronic devices such as computers, smartphones, televisions, and other electronic equipment. The rapid growth of technology has led to an increase in the production and disposal of e-waste, posing significant environmental and health risks.

    The Environmental Impact of E-Waste

    E-waste is a major contributor to environmental pollution, with toxic chemicals such as lead, mercury, and cadmium found in many electronic devices. These chemicals can contaminate soil, water, and air, causing harm to humans and wildlife. The improper disposal of e-waste can also lead to the release of greenhouse gases, contributing to climate change.

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