Amid a world recovering from the pandemic, marked by geopolitical unrest and economic vulnerability, Sanlam continued to support the sustainability of the communities in which it operates by, among others:

  • Establishing a USD1 billion green hydrogen fund, aiming to accelerate South Africa's decarbonisation efforts
  • Structuring a groundbreaking international funding deal for the Galapagos conservation area in Ecuador. The deal was based on a Nature Bond Swap with the benefit of reducing the country's debt. This is the largest Nature Bond Swap in history at USD 1.628 billion in Ecuadorian government bonds for a USD 656 million impact loan
  • Committing to financial inclusion meaning that Sanlam's products impacted the lives of 69 million clients in Africa and Asia
  • Sanlam Resilient Investment Fund invested assets over R403 million
  • Investing R139 million in CSI spend in 2023 globally
  • Investing R4.4 billion on Small, Medium and Micro Enterprises in South Africa
  • Investing R24.6 billion in empowerment financing

Sanlam is broadening its range of diversified product offerings, reach and influence by using a holistic approach to create value and a positive impact. This approach enables the Group to impact more lives, cater to changing societal needs, and contribute to the economic empowerment and wellbeing of the communities where the company operates.

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Sanlam Ltd. published this content on 07 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2024 10:58:06 UTC.