CIC Insurance Group, a signatory to the UN Global Compact since June 2023 released its inaugural sustainability report under the theme “Securing Futures, Building a Sustainable Africa” in a ceremony attended by Global Compact Network Kenya Executive Director Judy Njino.
The report highlights CIC’s commitment to operational excellence and embedding sustainability in business strategies anchored on four pillars touching on Environmental Stewardship, Social Responsibility, Economic Resilience, and Responsible Governance.
With only 17% of the Sustainable Development Goals (SDGs) targets currently on track and 33% either stalling or regressing, Ms. Judy Njino acknowledged the contribution of the cooperative movement in Kenya in driving economic development, promoting inclusive growth, and social responsibility. The global challenges further present market opportunities for CIC Insurance Group to scale efforts in deepening financial inclusion while addressing emerging climate risks.
In his address, CIC Insurance Group Chairperson Dr. Nelson Kuria affirmed the company’s commitment to responsible practices, demonstrated through climate risk and opportunity analysis, water and waste management, and the delivery of sustainable products and services to the market.
On his part, CIC Insurance Group Managing Director and CEO Mr. Patrick Nyaga noted that the company's market solutions are geared towards innovating products that address emerging risks such as climate change and tailoring them to fit the needs of different audiences.
We look forward to walking the sustainability journey with CIC Insurance Group and pledge our commitment to supporting their efforts in creating long-term value for both the community and the environment.
To download the report, click HERE