AAR Insurance has become the latest underwriter in Kenya to subscribe to the United Nations Global Compact membership, to prioritise and safeguard human rights, labour standards, environmental protection, and anti-corruption efforts in its business practices.
The underwriter joins a list of other global leaders in actively contributing to the achievement of the United Nations Sustainable Development Goals (SDGs).
…we are proud of our values aligning with UNGC and SDGs principles, and we know we shall commit to the highest levels of corporate practices while focusing on sustainability,” said AAR Group CEO Dr. Patrick Gatonga.
The UNGC membership is in line with three key SDGs that are aligned with AAR Insurance’s core values and business model: SDG 3 (Good Health and Well-being), SDG 5 (Gender Equality), and SDG 13 (Climate Action).
These goals reflect AAR Insurance’s dedication to promoting access to quality healthcare, fostering gender equality and women empowerment, and addressing climate change through responsible business practices. Additionally, the insurance firm commits to upholding and protecting human rights, labour, the environment, and anti-corruption through its business practices.
“In line with our mandate, we are working hard to empower businesses to understand sustainable business practices in the Kenyan context. The healthcare industry has a unique proposition to offer shared value to our society,” said Judy Njino, Executive Director of Global Compact Network Kenya.
The African Development Bank (AfDB) estimates that Africa has been losing from 5% to 15% of its Gross Domestic Product (GDP) per capita growth because of climate change and related impacts.
AAR Insurance has made a commitment to deliberate efforts to address climate change by setting product carbon sink through the “One Tree One Life” initiative that will see us plant a tree for every policy, working with schools nationwide.
Other senior officials who graced the event include UNESCO Chair on Climate Change Resilience and Sustainability, Prof. Izael Da Silva, Principal of Innovation for Resilience at FSD Africa, Elias Omondi, Business Lead, AAR Insurance Uganda, Christine Nassuna and AAR Insurance Kenya, Business Lead, Justine Kosgei.