OUR SUSTAINABILITY:
Sustainability driven by ESG at NSSF
At NSSF, sustainability is at the core of our mission. Over the past decade, we have focused on enhancing the value and security of the social security benefits for our 2 million+ members, as evidenced by our recent milestone of UGX 22.13Tn in assets under management (AuM). This achievement has allowed us to consistently deliver a minimum return of 2% above inflation on member savings, a performance validated by an 85% satisfaction rating.
As we transition from our 2015–2025 strategic plan to Vision 2035, financial inclusion will be a central pillar of our strategy. Our goal is to expand our membership coverage from 2 million to 15 million working Ugandans by 2035. This ambitious target will require a unified effort to protect both the business and natural environments, as well as the society we serve, through strong and transparent governance.
Our commitment to sustainability is embodied in our ESG principles, which guide us in integrating sustainability into every aspect of our operations. This approach enables us to champion environmental stewardship, social responsibility, and economic resilience.
Environmental stewardship
NSSF is dedicated to minimising its environmental impact through innovative and proactive measures. We are focused on reducing greenhouse gas emissions, conserving energy, and promoting resource efficiency.
Our real estate investments adhere to green building practices, ensuring energy-efficient and environmentally friendly developments.
By incorporating renewable energy sources and sustainable waste management practices, we aim to set a standard in the real estate sector that prioritises biodiversity and respects local ecosystems.
Social responsibility
At the heart of our ESG-driven sustainability agenda is our commitment to social well-being. NSSF seeks to create value for both members and the broader community through initiatives that enhance education, health, and economic opportunities. Our Corporate Social Investment (CSI) programmes are designed to uplift vulnerable segments of society by investing in community development projects that provide access to clean water, sanitation, and healthcare.
Our Financial Literacy and Hi-Innovator programmes support youth development by equipping them with skills for a sustainable future, ultimately fostering employment opportunities and ensuring our relevance and viability as a business.
We also prioritise the welfare of our employees by maintaining a diverse, inclusive, and supportive workplace that encourages continuous learning, innovation, and growth.
Governance
Our sustainability efforts are overseen by a robust governance structure that ensures guidance, accountability, and transparency in decisions affecting our stakeholders, including members, employees, investors, suppliers, and the broader community.
NSSF is committed to high standards of corporate governance. We invest in the skill development of our Board and Executive Management team to enable Trustees to fulfil their fiduciary duties. Our governance structures safeguard independence and prudence in decision-making, supported by experienced employees. We use a balanced scorecard framework to measure value-to-member and value-to-society, linking it to compensation and ethical standards.
We exceed regulatory requirements by timely publishing our audited financial statements and subjecting them to public scrutiny during the Annual Members’ Meeting. Member feedback directly influences our governance decisions, ensuring our efforts align with stakeholder benefits.
Economic resilience
Our approach to economic resilience emphasises sustainable growth, risk management, and value creation.
By diversifying our investment portfolio across various sectors and geographies, we mitigate risks and enhance portfolio stability, ensuring consistent, long-term returns.
Over the past decade, our investment portfolio has withstood various challenges, including the Covid-19 pandemic, which led to a significant increase in benefit payouts while maintaining stable returns for our members.
NSSF has prioritised commitment to the following SDGs :
Integrating ESG and sustainability in our strategy
The visual depiction of our strategy below illustrates our approach to ESG and sustainability, which is premised on:
Creating value
Identifying commercial opportunities to address ESG challenges.
Protecting value
Identifying and responding early to ESG-related risks.
Enabling value
Leading broader change by using our influence through collaboration across the value chain.
A NEW DAY - CREATING SHARED VALUE FOR SUSTAINABLE GROWTH