Report Overview

Navigating our report

Navigation icons

Throughout this report, we use the following navigational icons to show the interconnectivity between core concepts and the various sections of this report. Working together and separately, these elements have the potential to impact (positive and negative) our ability to create value over the short, medium, and long term.

Our capitals

Our financial, human, manufactured, intellectual, social and relationship and natural capitals facilitate every aspect of our business and our ability to create long-term value. We have accordingly defined our structure, activities, and performance against our strategy in this report in terms of these six capitals.

Inputs

We rely on the forms of capital available to us

Value-adding activities

How we use them

Outputs and outcomes

Our impact on them and the value we deliver

Financial Capital

This tackles how we manage the Fund responsibly and in a profitable manner. We do this by making prudent investment decisions from our members contributions and competitive investment returns, which enable us to sustainably grow our assets and the members’ Fund.

Human Capital

This resides in our employees, who are also members of the Fund and have a strong alignment with the rest of the NSSF members. In addition, the ability to attract, develop, enable, and retain the best talent is one of the Fund’s top objectives. We aim to create an exciting and vibrant work environment and we work continuously to provide our people with attractive career paths that will make them experts in their fields.

Intellectual Capital

This lies in the Fund’s reputation. Institutional knowledge and experience are intangible assets that have been built over time and have instilled confidence in us among our stakeholders and in Uganda at large.

Manufactured Capital

This comprises our governance, business processes, building infrastructure, leading systems as well as our investment in information technology infrastructure and innovation that together enable us to manage the organisation in a prudent and professional manner.

Natural Capital

This is the effect of our operations on the environment and the sustainable development goals.

Social & Relationship Capital

This comprises the relationships and collaborations we have with our key stakeholders – our members, employees, suppliers, communities, the Board, the Ministry of Finance, the Ministry of Gender, Labour, and Social Development.

At times we need to make trade-offs between our capitals

Strategic objectives

Focus area 1:

Increase customer satisafaction

Focus area 2:

Increase profitability

Focus area 3:

Increase productivity

Focus area 4:

Increase staff satisfaction

Stakeholders

Members

Employees

Regulators & legislators

Media

Suppliers

Communities

Industry associations

Our planet

Materiality themes

Material matters are those issues that could affect our ability to create value in the short, medium, and long term.

Regulatory
restrictions

Global economic uncertainty

Digital
acceleration

Strategic execution of Vision 2035

Sustainable development goals

Building on last year’s comprehensive baseline assessment, we continue to prioritise stakeholder issues based on their economic, environmental, social, and financial impact, guided by the GRI reporting framework. Our alignment with the UN 2030 Sustainable Development Goals (SDGs) remains central to our strategy.

This report highlights our ongoing commitment to advancing specific SDGs, demonstrating how our activities continue to create positive impact on people, the planet, and prosperity, while deepening the integration of sustainability in our strategy and reporting.

The Fund has prioritised the following 7 SDGs: