Climate Change Data

I&M Group Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2218 MtCO2e
Scope 1 Emissions:292 MtCO2e
Scope 2 Emissions:2016 MtCO2e
Total Energy Consumption:4247563 KWh
Water Consumption:199926 m3

ESG Focus Areas

  • Environment Conservation
  • Education and Skills Development
  • Economic Empowerment
  • Enabling Giving

Environmental Achievements

  • Planted 185,880 trees (67% survival rate)
  • Provided 209 energy-saving devices to communities and institutions
  • Supported the construction of a 5.5mn liters dam at Nairobi National Park
  • Reduced diesel consumption by 80% at Nyumbani Village

Social Achievements

  • Provided 360 scholarships (secondary and tertiary)
  • Supported school bus and solar water heating for St Anns
  • Supported 190 beadwork artisans
  • Launched 15 businesses and created 37 jobs
  • Organized a medical camp in Nairobi benefiting 1,358 individuals

Governance Achievements

  • Achieved a Leadership Rating of 91% in CMA Corporate Governance Assessment
  • Improved Board diversity with at least one-third women
  • Implemented a comprehensive induction program for new directors
  • Introduced a Third-Party Code of Conduct
  • Joined the UN Global Impact

Climate Goals & Targets

Long-term Goals:
  • Become a market leader in ecosystems
Medium-term Goals:
  • Achieve 85% Net Promoter Score
  • Achieve 70% digitally active customers
Short-term Goals:
  • Impact over 10 million lives by 2026

Environmental Challenges

  • Global inflation, tightening monetary conditions, slowdown in global economy
  • Geopolitical tensions in the Middle East and Ukraine
  • Depreciation of the Kenya shilling
  • High cost of doing business, increasing tax burden, high cost of living
  • Deteriorating cyber threat
Mitigation Strategies
  • Strategy refresh (iMara 3.0) focusing on core segments, emerging customer segments, and ecosystem leadership
  • Prudent provisioning and healthy capital base
  • Business diversification
  • Cost discipline and investment capacity creation
  • Investments in platforms, brand, and people
  • Strong risk oversight and risk management culture
  • Robust BCM policy and digital platform investments
  • Cultural transformation program (Pamoja)

Supply Chain Management

Responsible Procurement
  • Prioritizes local suppliers
  • Considers sustainability practices in vendor selection

Climate-Related Risks & Opportunities

Physical Risks
  • Intensification of natural disasters
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and services
  • Green and sustainable financing solutions

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (IIRC), International Financial Reporting Standards (IFRS)

Third-party Assurance: KPMG Kenya

UN Sustainable Development Goals

  • SDG 1
  • SDG 4
  • SDG 7
  • SDG 8
  • SDG 13
  • SDG 15
  • SDG 17

Initiatives contribute to these goals through environmental conservation, education, economic empowerment, and community development

Sustainable Products & Innovation

  • Unsecured digital lending
  • Supply chain and stock financing
  • Green and sustainable financing solutions