Partnerships

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Partnerships

Embracing Environmental, Social, and Governance (ESG) principles, we aligns our strategies with the UN Sustainable Development Goals (SDGs), Kenya’s sustainability commitments, and the Paris Agreement to limit global warming.

Sustainability Accounting Standards Board (SASB)

Kenya Power integrates the Sustainability Accounting Standards Board (SASB) guidelines into our sustainability reporting to provide investors and stakeholders with clear, industry-specific insights.

Our reporting aligns with SASB’s standards, focusing on the following areas:

Electric Utilities & Power Generators - SASB's industry-specific standards guide our reporting on key issues relevant to our sector, including energy management, emissions, and operational efficiency.
Environmental Management - We report on metrics such as greenhouse gas emissions, energy consumption, and waste management practices, addressing our environmental impact and sustainability initiatives.
Social Capital - This includes disclosure on our approach to community relations, safety practices, and human rights issues, reflecting our commitment to positive social outcomes and stakeholder engagement.
Business Model & Innovation - We provide insights into our strategies for integrating renewable energy, investing in technological advancements, and adapting to market trends.
Governance - Our reporting covers governance structures, risk management practices, and compliance with regulations, ensuring transparency and accountability in our operations.

By adopting SASB’s guidelines, Kenya Power enhances our reporting's relevance and comparability, focusing on material issues that impact financial performance and sustainability. This framework helps us communicate effectively with investors and other stakeholders, demonstrating our commitment to sustainable and responsible business practices.

Task Force on Climate-related Financial Disclosures (TCFD)

Kenya Power adheres to the Task Force on Climate-related Financial Disclosures (TCFD) guidelines to enhance our climate-related reporting and transparency. Our approach includes:

Governance: We outline our governance structure for managing climate-related risks and opportunities. This includes detailing the roles and responsibilities of our board and management in overseeing climate issues and integrating them into our corporate strategy.
Strategy: We assess how climate-related risks and opportunities impact our business strategy and financial planning. This involves evaluating the resilience of our strategies under different climate scenarios and identifying potential impacts on our operations and long-term goals.
Risk Management: Our reporting describes the processes we use to identify, assess, and manage climate-related risks. We detail how these risks are incorporated into our overall risk management framework and how we develop strategies to mitigate them.
Metrics and Targets: We disclose the metrics used to assess climate-related risks and performance, including our greenhouse gas emissions data and climate-related targets. This also involves reporting on our progress toward achieving these targets and the effectiveness of our climate strategies. By following TCFD guidelines, Kenya Power aims to provide stakeholders with a clear understanding of our climate-related risks and opportunities, demonstrating our commitment to sustainable and resilient business practices.

Carbon Disclosure Project (CDP)

Kenya Power engages with the Carbon Disclosure Project (CDP) to ensure comprehensive and transparent reporting on our environmental impacts. Our adherence to CDP guidelines includes:

Climate Change: We disclose our greenhouse gas (GHG) emissions across Scope 1 (direct), Scope 2 (indirect from electricity), and Scope 3 (value chain) categories. This includes reporting on our emissions reduction targets, progress, and strategies for mitigating climate impact. We also provide details on our climate-related risk management and opportunities for sustainable growth.
Water Security: We report on our water usage, management practices, and associated risks. This includes tracking water consumption, assessing the impact of water scarcity on our operations, and implementing strategies to enhance water efficiency and reduce risks related to water resources.
Forests: We disclose our involvement in forest-related issues, including any risks associated with deforestation and our efforts to promote sustainable land use. This encompasses our policies and actions related to forest conservation and supply chain management. By following CDP’s rigorous reporting standards, Kenya Power demonstrates our commitment to addressing environmental challenges, managing risks, and advancing sustainability. This transparency helps stakeholders understand our environmental performance and supports our ongoing efforts to minimize our ecological footprint.

By following CDP’s rigorous reporting standards, Kenya Power demonstrates our commitment to addressing environmental challenges, managing risks, and advancing sustainability. This transparency helps stakeholders understand our environmental performance and supports our ongoing efforts to minimize our ecological footprint.

The United Nations Global Compact (UNGC) Communication on Progress (COP)

Kenya Power aligns its sustainability reporting with the United Nations Global Compact (UNGC) Communication on Progress (COP) to uphold our commitment to responsible business practices. Our adherence to UNGC principles includes:

Human Rights: We report on our commitment to respecting and promoting human rights across our operations and supply chain. This involves implementing policies to prevent human rights violations, ensuring fair treatment, and fostering an inclusive workplace.
Labour: We detail our efforts to uphold fair labor practices, including safe working conditions, non-discrimination, and the right to freedom of association. Our reporting includes initiatives to support employee well-being, fair wages, and the protection of workers' rights.
Environment: We disclose our environmental management practices and achievements, focusing on efforts to reduce our ecological footprint. This includes reporting on energy efficiency measures, greenhouse gas emissions reductions, and sustainable resource management.
Anti-Corruption: We provide information on our anti-corruption policies and practices, emphasizing our commitment to ethical behavior and transparency. This involves detailing our procedures for preventing corruption, promoting integrity, and addressing any instances of unethical conduct. By following UNGC COP guidelines, Kenya Power demonstrates our alignment with global standards for corporate responsibility, reinforcing our commitment to sustainable and ethical business practices while contributing to the broader goals of the Global Compact.

By following UNGC COP guidelines, Kenya Power demonstrates our alignment with global standards for corporate responsibility, reinforcing our commitment to sustainable and ethical business practices while contributing to the broader goals of the Global Compact.

The Dow Jones Sustainability Index (DJSI)

Kenya Power utilizes the Dow Jones Sustainability Index (DJSI) guidelines to benchmark and enhance our sustainability practices. Our reporting in line with DJSI includes:

Economic Performance: We disclose our financial health and operational performance, focusing on long-term value creation and economic sustainability. This includes reporting on revenue, profitability, and investment in sustainable practices.
Environmental Stewardship: We report on our environmental impact and management practices, including energy efficiency initiatives, greenhouse gas emissions, water usage, and waste management. We outline our efforts to reduce our environmental footprint and invest in renewable energy projects.
Social Responsibility: We provide details on our social initiatives, such as community engagement, employee welfare, and human rights practices. This includes reporting on our policies to promote diversity, inclusion, and fair labor practices.
Governance: We disclose our governance structure and practices, emphasizing transparency, ethical behavior, and risk management. This includes information on our board's oversight of sustainability issues and our compliance with relevant regulations and standards.