Report Overview
Introduction
King IV Report on Corporate Governance for South Africa (King IV™) 
UK (United Kingdom) Combined Code on Corporate Governance
Integrated Reporting Framework 
Global Reporting Initiative (GRI standards)
Sustainable Development Goals (SDGs)
International Financial Reporting Standards (IFRS)Reporting frameworks
Our integrated report is guided by various codes and standards as follows:
NSSF Act Our approach to value creation, preservation, and erosion
Our financial, human, manufactured, intellectual, social and relationship, and natural capitals underpin every aspect of our business and our capacity to create long-term value.
Accordingly, this report frames our structure, activities, and performance against our strategy through the lens of these six capitals. Value creation, preservation, and erosion result from how we apply and leverage these capitals in executing our strategy, as reflected in their changes over time. Our value creation process is illustrated in our business model.
Value creation
We create value by empowering members and communities to achieve economic security and financial well-being. Through innovation, inclusive financial products, and a growing digital ecosystem, we enable long-term saving, drive entrepreneurship, and support livelihoods. Our focus on shared value, from financial literacy to strategic investments in sectors such as agriculture and start-ups, ensures we power growth and empower generations, laying the foundation for Uganda’s sustainable transformation.
Value preservation
We preserve value by safeguarding members’ savings against inflation and ensuring long-term returns. Our investment strategy is designed to deliver at least 2% above the 10-year average inflation rate, while our diversified portfolio aims to unlock private capital and strengthen national resilience. By embracing ESG principles, simplifying service delivery, and transforming stakeholder engagement, we protect the integrity and sustainability of the Fund, now and into the future.
Value erosion
We actively mitigate value erosion through responsible risk management, digital transformation, and strategic trade-offs across our capital inputs. Whether it is countering inflation, addressing service inefficiencies, or responding to emerging member demands, we adapt to preserve trust and relevance. Key initiatives such as Mid-term Access, expanded coverage, and stakeholder-driven innovation ensure we remain agile in protecting value across economic cycles and shifting social needs.
Integrated report recognition
The Institute of Certified Public Accountants (ICPAU), the Uganda Securities Exchange (USE),
and the Capital Markets Authority (CMA) host the Financial Reporting (FiRe) Awards on an annual basis.
NSSF secured a prestigious Gold Award at the 2024 FiRe Awards, outshining over 100 competitors.
We also received recognition for outstanding Sustainability Reporting, having published our inaugural ESG report in 2024,
as well as for excellence in presentation, and Public Sector Reporting, along with a commendation for corporate governance practices.