May 19, 2020

Safaricom joins the UN to increase sustainable development

UN
Sustainability
Climate Change
business growth
Leah Netabai
2 min
Safaricom joins the UN to increase sustainable development

30 influential corporate leaders set to work together across two years to free up trillions of dollars in the private sector financing sustainable development.

The group of influencers named the Global Investors for Sustainable Development (GISD) Alliance has been coverned by Secretary-General António Guterres.

“We face widening inequality, increased devastation from conflicts and disasters and a rapidly warming Earth. These leaders have seized our sense of urgency, recognizing that our pace must be at a run, not a crawl,” Guterres said. “They are committing to cooperate across borders, across financial sectors and even with their competitors, because it is both ethical and good business sense to invest in sustainable development for all people on a healthy planet.”

During the recent UN General Assembly urgent attention for increased governement spending on crucial sectors such as health, education, infrastructure and cliamte change was highlighted.

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“Given the current state of the world in terms of growing inequalities; rising carbon emissions; growing global hunger; rising unemployment and social discontent, business leaders must play a larger role in ensuring their companies take the lead in societal transformation through business processes and services and not just through philanthropy. We are honored to be joining this alliance that will help scale up investment for sustainable development”, said Michael Joseph, CEO, Safaricom.

Over the next two years, the alliance aims to use their expertise, influence and business to stimulate long term investment in development and speed up progress towards achieving the SDGs, this will include:

  • Delivering solutions for long-term finance and investment in sustainable development

  • Generate additional resources for countries and sectors most in need

  • Increase the positive impact of business activities

  • Align business practices with the 2030 Agenda for Sustainable Development

Members of the allinace include: Allianz SE, APG, Aviva Banco Santander, Bancolombia, Bank of America, Caisse de dépôt et placement du Québec, California Public Employees' Retirement System (CalPERS), CIMB, Citigroup, Consejo Mexicano de Negocios, Les Eaux Minérales d’Oulmès, Emirates Environmental Group, Enel S.p.A, First State Super, Government Pension Investment Fund, ICBC, Infosys, Investec Group, Johannesburg Stock Exchange, Nuveen, Pal Pensions, PIMCO, Safaricom, Sintesa Group, Standard Chartered, SulAmerica, Swedish Investors for Sustainable Development, TDC Group A/S and UBS Group AG.

For more information on business topics in the Middle East and Africa, please take a look at the latest edition of Business Chief MEA.

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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