Platcorp Holdings Limited
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:734 tCO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,317,492 kWh
Water Consumption:59,776 kL
Waste Generated:Not disclosed
Carbon Intensity:0.476 per $100,000 USD Revenue in 2022, 0.120 per Employee in 2022
ESG Focus Areas
- Financial Inclusion
- MSME Development
- Job Creation
- Poverty and Inequality Reduction
- Sustainable Agriculture
- Biodiversity and Ecosystem Conservation
- Climate Change Mitigation
- Sustainable Land Management
- Climate Resilience and Adaptation
- Women's Empowerment
- Access to Education
- Access to Healthcare
- Access to Water, Sanitation and Hygiene
- Access to Energy
- Youth Empowerment
- Client Protection
- Employee Development and Wellbeing
- Data Privacy and Security
- Occupational Health and Safety
- Gender Equality
- Carbon Emissions
- Environmental Management
- Governance and Legal Compliance
- Supply Chain Management
- Human Rights
- Transparency and Disclosure
- Anti-Competitive and Corrupt Behaviour
- Leadership Succession Planning
Environmental Achievements
- Reduced Scope 1 and 2 carbon emissions to 734 tonnes CO2e in 2022
- Planted 108,130 trees in 2022
- Restored 200 m2 of coral in 2022
- Planted 60,000 indigenous trees in Mau Forest in 2022
- 48,500 trees planted across 36 counties in Kenya
Social Achievements
- 7 Client Protection Assessments completed in 2022
- 7 Stakeholder Engagement Plans Developed in 2022
- 100% of staff actively trained in 2022
- $1,076,421 USD spent on training and development in 2022
- No data breaches in 2022
- 420 Motorbike Helmets Provided to Staff
- 247 Reflective Vests Provided to Staff
- Three senior female staff completed the Female Future Leadership Programme
- Supported 960 schools under Ongoza Program by 2024
- Provided health insurance cards to 50 students
- Supported 14 schools and 11 healthcare initiatives
Governance Achievements
- Developed and implemented a Data Governance Framework
- Hired a dedicated data protection officer
- Developed and began the roll out of our ESG screening module in our procurement system
- Approved a Supplier Code of Conduct
- Undertook a human rights due diligence assessment
- Conducted a risk assessment covering 9 entities focusing on key risks
- Developed and implemented an Anti-bribery and Corruption Policy
- 100% of Subsidiaries with Board oversight of Sustainability Issues
- 75% Board Independence Rate
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Plant one million trees in five years
Short-term Goals:
- Reach MFR Client Protection Certification in 2023 for all subsidiaries
- Complete targeted Social Performance Action Plans in 2023
- Finalise a standardised Greenhouse Gas Inventory Management Plan in 2023
- Undertake Scope 3 emissions assessments in 2023
- Establish and formally report on SBTi targets in 2023
- Complete creation of lactation rooms within offices by end of 2023
- Migrate procurement MIS platform to include formal ESG requirements for all vendors in 2023
- Engage in a human rights due diligence process in 2023
- Incorporate more human rights aspects in ESG audits in 2023
- Automate fraud and incident reporting and management system in 2023
Environmental Challenges
- War in Ukraine's ripple effects across supply chains
- Global macroeconomic instability and high inflation
- Impacts of climate change
- Slower than expected growth in Kenya due to elections and regulatory environment
- Ebola outbreak in Uganda
Mitigation Strategies
- Mainstreaming sustainability through all business systems and processes
- Developing innovative impact-focused products and services
- Developing industry-leading sustainability information management systems
- Expanding across sub-Saharan Africa
- Heightened monitoring and management of health and safety incidents in Uganda
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- ESG screening module in procurement system
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Climate shocks
Transition Risks
- Not disclosed
Opportunities
- Financing sustainable and climate-smart agricultural practices and renewable energy solutions
Reporting Standards
Frameworks Used: IRIS+, Impact Management Project, Universal Standards for Social and Environmental Performance, Client Protection Principles, Women’s Empowerment Principles (WEPs), Sustainable Development Goals (SDGs), Global Reporting Initiative (GRI), IFC Performance Standards for Environmental and Social Sustainability, Science Based Targets initiative (SBTi), Taskforce for Climate-Related Financial Disclosures, United Nations Global Compact (UNGC)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Innovative financial product combined with technical training to support building climate-resilient women-owned or women-led MSMEs
- Innovative financing facility to support conservation and ecosystem restoration
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:770 tCO2e/year
Scope 1 Emissions:354.88 tCO2e/year
Scope 2 Emissions:423.75 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,285,058 kWh/year
Water Consumption:84,703 kL/year
Waste Generated:Not disclosed
Carbon Intensity:0.33 tCO2e per 100,000 USD Revenue in 2023
ESG Focus Areas
- Financial Inclusion
- Climate Change Mitigation
- Community Development
- Gender Equality
- Youth Empowerment
- Environmental Sustainability
- Good Governance
Environmental Achievements
- Planted 136,150 trees in 2023
- Reduced Scope 1 and 2 carbon emissions to 770 tonnes CO2e in 2023
- Implemented a Group-wide Environmental Management Plan
- Supported various reforestation projects across Kenya, Uganda, and Tanzania
Social Achievements
- Secured Client Protection Certification for 6 largest lending businesses
- Advanced grievance mechanisms and whistleblowing portals
- Implemented an annual employee wellness program
- Launched Platcorp Academy and digital Learning Management System
- Supported various community development projects including healthcare, education, and food security initiatives
Governance Achievements
- 75% Board Independence Rate
- 45% Female representation on the Board
- Adherence to UN Global Compact principles
- Reporting against GRI Sustainability Reporting Standards and producing Climate-Related Financial Disclosures
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Establish and formally report on SBTi targets
Short-term Goals:
- Finalise a standardised Greenhouse Gas Inventory Management Plan
- Undertake Scope 3 emissions assessments
Environmental Challenges
- Climate change impacts on livelihoods and business operations
- Poverty and inequality
- Access to financial services in underserved communities
- Data security and privacy
- Maintaining high standards of human rights and ethical conduct
Mitigation Strategies
- Investing in climate-resilient projects and initiatives
- Providing tailored financial services to marginalized communities
- Implementing robust data governance and security frameworks
- Developing and implementing strong human rights policies and due diligence processes
- Promoting ethical conduct through training and awareness programs
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
- Environmentally friendly procurement protocols
Climate-Related Risks & Opportunities
Physical Risks
- Climate change impacts on livelihoods and business operations
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, TCFD, UNGC
Certifications: Client Protection Certifications (6)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 4 (Quality Education)
- SDG 6 (Clean Water and Sanitation)
- SDG 7 (Affordable and Clean Energy)
- SDG 8 (Decent Work and Economic Growth)
- SDG 13 (Climate Action)
Platcorp's initiatives contribute to these goals through various projects and programs.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed