Britam Group awarded more than KSh60 million in procurement opportunities to businesses owned by women and youth as part of its efforts to promote economic inclusion and support vulnerable groups.
According to Britam’s 2025 Sustainability Report, youth-owned enterprises secured four contracts worth KSh51.8 million from 23 prequalified suppliers, while women-owned businesses received eight contracts valued at KSh10.7 million from 83 prequalified suppliers.
The insurer engaged 169 local suppliers, accounting for procurement spending of more than KSh3.1 billion, compared to 188 non-local suppliers who received contracts worth KSh343.9 million and USD2.65 million.
The total number of contracts awarded during that period was 12.
Key Milestones in 2025
Also among the sustainability milestones reported by the insurer is the commissioning of a solar power project at Britam Tower on October 1, 2025.
The installation, which also serves as an event space, is expected to generate 390,000 kilowatt-hours of electricity annually and meet more than half of the building’s energy requirements.
The project is projected to reduce carbon emissions by 198 tonnes per year and has already generated KSh1.18 million in income since its inception.
Britam said the tower remains a benchmark for sustainable real estate in the region, incorporating solar panels, LED lighting and motion-sensor technology to improve energy efficiency and reduce operational emissions.
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Additionally, more than 402,000 farmers and pastoralists across East Africa received KSh97.3 million in insurance payouts in 2025 as climate-related shocks continued to affect livelihoods in the region.
According to the report, the payouts supported 402,681 beneficiaries in recovering from drought, erratic rainfall, and other weather-related disruptions.
The report also showed that crop insurance coverage increased by 83 percent during the year, rising from 161,521 farmers in 2024 to 294,799 farmers in 2025.
Britam paid out KSh80.4 million in crop insurance claims, providing financial relief to smallholder farmers facing increasingly unpredictable weather conditions.
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Britam Scales Up Sustainable Investments
The report added that Britam is progressively incorporating ESG criteria into investment decisions across various asset classes to strengthen responsible investment outcomes.
“At Britam, we recognize that long-term value creation is linked to the sustainability of the environments, economies, and communities in which we operate, and we embed this understanding into our capital allocation and investment practices,” read part of the report.
“Our approach to sustainable investing reflects our view that environmental, social, and governance factors are ethical responsibilities, and they are also material to financial performance, risk management, and portfolio resilience.”
Beyond investments, Britam is embedding sustainability considerations into its underwriting operations.
The insurer said it is integrating climate-related risks, such as flood exposure, into risk assessments while expanding insurance access for informal workers, smallholder farmers and low-income communities.
The report stated that Britam is also developing insurance products that support renewable energy projects, green buildings and climate-smart agriculture.
Britam said the measures are intended to strengthen resilience, promote financial inclusion and support sustainable development objectives while delivering long-term value to stakeholders.
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