OLD MUTUAL DIRECTS US$8.36 BILLION TOWARDS DRIVING POSITIVE CHANGE


When times are tough and uncertain, business has a critical role to play in addressing the challenges and partnering with all stakeholders to create a better, stronger society.

This is the basis of Old Mutual’s Responsible Business philosophy and the reason why Old Mutual has made more than US$8.36 billion available to contribute to tangible solutions across Africa.

“Our philosophy is shaped by our understanding of the needs and expectations of our customers and the communities and societies where we have a footprint, as well as the growing environmental and social challenges the world is facing,” says Vuyo Lee, Old Mutual Chief Marketing Officer.

Old Mutual has been strengthening its partnerships with its customers and other key stakeholders to implement uniquely African solutions to the continent’s key challenges. "Our decision to anchor our business firmly on the African continent has been informed by the unique opportunities and possibilities Africa has to offer and we are excited to be a part of this.”

Lee stresses that Old Mutual’s foremost responsibility is to its customers to contribute to social inclusivity, stability and wellbeing by improving their access to financial advice, products and services, including basic financial education.

“We actively promote financial health and a saving and investing culture. Then we deploy the funds entrusted to us into investments that grow the economy and deliver infrastructure such as schools, affordable housing and renewable energy, while also generating positive returns for our customers, their families and communities, and other stakeholders.”

As a long-term custodian of customers’ savings and investments, Old Mutual believes that incorporating consideration of environmental, social and governance (ESG) factors into its investment and ownership decisions is not only the right thing to do, but it also makes good investment sense.

“We look forward to further strengthening our partnerships, and making an even greater positive impact,” concludes Lee.

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