Sustainability & ESG

We’re all about creating lasting value. Here, we’ll show you how we use our resources and relationships, what we call our 6 Capitals, to make a positive impact. You’ll also see how we work with the world around us to build value for today, tomorrow, and the future.

Embedding Purpose into Performance

At ICEA LION Group, sustainability isn’t an afterthought; it’s a guiding principle. We are proud to embed Environmental, Social, and Governance (ESG) values into every layer of our business, driving resilience, innovation, and long-term value for all stakeholders.

ESG Milestones and Impact
During the year, ICEA LION advanced its sustainability agenda through the following initiatives:

Visited and donated items to children suffering with cancer at Muhumbili National hospital.

ICEA LION staff team greening their campus with a tree planting initiative, cultivating a culture of growth both professionally and environmentally

ICEA LION team Extending a hand of compassion and hope during their visit to Segerea Correctional facility, donating items to aid during rehabilitation.

ICEA LION team Extending a hand of compassion and hope during their visit to Segerea Correctional facility, donating items to aid during rehabilitation.

Our Sustainability & Integrated Reporting Journey

We’ve steadily built a legacy of responsible business practices. Our key milestones:
2017
Joined UNEP-FI’s PSI, released 1st Sustainability Report
2018
Adopted sustainable practices (Mulika Garama), 2nd Report
2019
Introduced 6 Capitals & Integrated Thinking, 1st Integrated Report.
2020
Joined TCFD Pilot Group, aligned products with SDGs.
2021
Co-curated PSI Africa Market Event, launched the Nairobi Declaration on Sustainable Insurance.
2022
Joined TNFD Africa pilot, co-hosted COP27 with UN partners.
2023
Joined UN Global Compact, launched climate resilience solutions.
2024
Became TNFD early adopters, held 1st ESG Drive, secured ESG TA from FSD Africa.
Integrating ESG with Financial Reporting: IFRS S1 & S2

This year marks a transformative chapter as we incorporate IFRS S1 (Sustainability Disclosure) and IFRS S2 (Climate Disclosure) into our financial reporting. These global standards are shaping how we communicate value and responsibility. Key Implementation Structures:

Steering Committee

Oversees ESG strategy and stakeholder alignment.

Project Management Committee

Tracks and drives execution across units. 

Specialised Work streams

Focused on Governance, Strategy & Risk, Materiality, and Systems.

Laying the Foundation

Governance

Defined focus areas, resource mapping, and data architecture. 

Strategy & Risks

Identified ESG risks/opportunities and aligned metrics with business goals. 

Materiality

Conducted risk assessments and began mapping critical issues. 

Systems

Evaluated integration tools and selected technology partners.

Whats Next

With adoption timelines approaching: 

Tanzania – January 2026

Uganda – January 2026

Kenya – January 2027

We are future-ready. Our commitment to sustainability is embedded in continuous learning, stakeholder engagement, and a culture that goes beyond compliance. Sustainability is not just a chapter in our report; it’s the story of how we create enduring value.