Our Sustainability

A decade of socio-economic impact

To assess our impact over the last ten years, NSSF engaged KPMG Uganda to conduct a comprehensive True Value Assessment using two globally recognised methodologies:

Sustainable Investment Framework (SIF)

Developed by Cambridge University, SIF aggregates the Sustainable Development Goals (SDGs) into six themes: resource security, basic needs, well-being, decent work, climate stability, healthy ecosystems.

KPMG True Value Methodology

This framework monetises economic, social, and environmental impacts using standardised global factors, including guidance from the Value Balancing Alliance. It estimates the real, measurable value created through NSSF’s operations and investments.

Key findings (2014–2024)
  • UGX 143.3Tn in total value created — 7.3 times more than the value achieved in 2024 when compared to 2014
  • 1,879,500 full-time equivalent (FTE) jobs created, averaging >170,800 annually. These jobs, on average, earned above the living wage, benchmarked at UGX 26.78 million per year, according to Valuing Impact (2022), an international dataset provider endorsed by Value Balancing Alliance
  • In 2024 alone, NSSF supported 310,000 FTE jobs, aligned with Uganda’s NDPIII goal to generate approximately 558,000 new jobs in 2024. An estimated 97.8% of those 2024 jobs were ripple effects of NSSF investments in government and corporate paper

Beyond employment, the value of financial security delivered to members in 2024 was UGX 15.5Tn, combining direct payouts with the life-enhancing impact of those benefits. This is part of the UGX 32Tn in true value created by the Fund in 2024 alone.

Total value created over 10 years (≈75% of Uganda’s GDP)

UGX 143.3 Trillion

Average annual interest rate returned to members

11.6%

Jobs created across Uganda since 2014

2 million+

Compared to 138,300 in 2014 — 2.5x jump

346,300

Of 2024 jobs stem from ripple effects of investments

97.8%

True value return for every UGX 1 invested

2.1x ROI

In essence, NSSF Uganda’s sustainability approach is about balancing present obligations with future needs: growing assets responsibly, extending social protection inclusively, minimising environmental impact, and upholding governance standards, ensuring that “powering growth and empowering generations” becomes a lasting reality.

Our sustainability journey
40 YEARS OF BUILDING THE FUTURE: POWERING GROWTH, EMPOWERING GENERATIONS