Nairobi, Tuesday, 17th September 2024... Kenya Power has launched the Kenya Power Foundation, marking a significant milestone towards the company’s commitment to undertaking sustainable social responsibility initiatives in all the 47 counties across the country.
To actualise this goal, the company has committed to inject 1% of its after-tax profit every year as seed capital over the next five years. The Foundation will also leverage on partnerships and donations to boost its financial capacity to undertake social impact initiatives.
The Foundation will coordinate all the Company’s social responsibility initiatives to widen their reach and impact on communities, mainly focusing on Energy and Environment, Education and Skills Development, and Social Investment and Community Wellness.
“We recognize that as a business, our success is linked to the well-being of the communities we serve. The Foundation will allow us to consolidate and scale the impact of our corporate social initiatives, ensuring that we empower people and create long-term social value,” said Kenya Power’s Managing Director & CEO, Dr. (Eng.) Joseph Siror.
In the last 10 years, Kenya Power has awarded over 30 full scholarships to bright but needy students from various communities. The Company has also contributed to the building and equipping of more than 60 schools to enhance learning environments.
Further, the Company has planted over 600,000 trees, renovated various sports fields, and supported numerous sporting activities, among other initiatives as part of its social responsibility projects.
Speaking during its launch today, Kenya Power Foundation’s Patron Logan Hambrick noted that the Foundation will provide the critical link between Kenya Power’s business and social impact across all the communities that the Company serves.
“This Foundation is a testament to the transformative role that corporations can play in uplifting communities. We aim to operate with the belief that every Kenyan, regardless of gender, disability, or background, deserves equal opportunity to benefit from our programs. As we launch this foundation, we would like to commit that our initiatives will be sustainable, scalable, and designed to uplift the communities we serve further empowering them to become self-reliant,” she said.
The Foundation’s mandate aligns with the Government’s agenda to uplift communities, transform lives and empower generations, as well as the United Nations Sustainable Development Goals that ensure its social contribution makes a positive impact in society.
“The Kenya Power Foundation that we are launching today is born from our commitment to improve lives and drive change in education, community wellness, access to clean energy, and our relationship with the environment. Drawing from the many lessons that we have learned along the way, we look forward to collaborating with all stakeholders to implement innovative initiatives that better address the challenges facing our communities,” said Kenya Power’s Chairman of the Board of Directors, Joy Brenda Masinde.
Ms. Masinde called on all stakeholders to partner with the Foundation to make it impactful and sustainable.
“We welcome all our stakeholders to partner with us to make this initiative impactful and sustainable. By working hand in hand, we can build a more sustainable future for all,” she said.
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