Sustainability & ESG

ICEA LION Uganda is all about creating lasting value. We are dedicated to earning trust through responsible business, building resilient communities and protecting the future we insure. Here we’ll show you how we use our resources and relationships to integrate environmental stewardship, social development, governance excellence, and economic value creation into every aspect of our business.

Embedding Purpose into Performance

At ICEA LION Uganda, sustainability is at the core of our operations. We are proud to embed Environmental, Social, and Governance (ESG) values into every layer of our business, driving resilience, innovation, and long-term value for all stakeholders.

ESG Milestones and Impact
During the year, ICEA LION Uganda advanced its sustainability agenda through the following initiatives:

We have planted over 2,000 trees across schools in Uganda, contributing to a healthier environment for future generations, in partnership with My Tree Initiative. 

As part of our commitment to clean water access, we donated eight XL water purifiers to Peace High School Matugga in partnership with SPOUTS of Water. 

Since 2023, we have hosted medical camps twice annually, providing essential healthcare services and promoting wellness in communities. 

We provided scholastic materials to Masaka School for the Deaf and participated in their 20th anniversary celebrations, reinforcing our commitment to inclusive education.

Our Sustainability & Integrated Reporting Journey

We’ve steadily built a legacy of responsible business practices. Our key milestones:
2017:
Joined UNEP FI’s PSI
2018:
We adopted sustainable practices in energy and paper use.
2019:
Introduced 6 Capitals and Integrated Thinking
2020:
Realigned strategies and product development initiatives to the SDGs.
2021:
Signatories to The Nairobi Declaration on Sustainable Insurance (NDSI).
2021:
Launched the Lion conservation drive at the Uganda Wildlife Education Conservation Centre (UWEC)
2022:
Joined the Task Force on Nature-Related Financial Disclosures (TNFD) Africa pilot group.
2023:
Joined UN Global Compact, launched the ICEA Lioness product, empowering women and safeguarding their wealth.
2024:
Became TNFD early adopters
2024:
Launched the Go Green Initiative to foster environmental stewardship in schools.
2025:
Launched the Source of life initiative to promote Clean Water & sanitation in schools
Integrating ESG with Financial Reporting
Integrating ESG with Financial Reporting: IFRS S1 & S2

We recognise that financial and sustainability performance are no longer separate conversations. In insurance, ESG factors increasingly shape risk, underwriting, investments and long-term value creation. That is why we are aligning our sustainability approach with the International Finance Reporting Standards (IFRS) S1 and S2. IFRS S1 provides guidelines for sustainability-related financial disclosures. It focuses on how sustainability-related risks and opportunities may reasonably be expected to affect an organisation’s long-term value. For ICEA Lion Uganda, this means strengthening how we identify, assess and disclose sustainability-related information that are material to our business. IFRS S2 builds on this foundation by setting specific requirements for climate-related disclosures. 

We are working to integrate climate considerations into our risk-management and decision-making processes, and are dedicated to the transparency of our business model and financial outlook. We aim to guarantee accountability, strategic planning and provide stakeholders with a holistic view of our performance and prospects. 

On the path ahead, we plan to publish our first Integrated Report in 2026, reflecting on our Sustainability journey, and aligned with the Global Reporting Initiative Standards. 

 

Steering Committee

Planned establishment of a committee to oversee ESG strategy and stakeholder alignment.

Robust Compliance Mechanisms

Monitor consistent application of regulatory requirements 

Specialised Work streams

Focused on Governance, Strategy & Risk, Materiality, and Systems.

Laying the Foundation

Governance

Defined focus areas, strengthened oversight, resource mapping and quality ESG data accountability. 

Strategy & Risks

Identified ESG Risks and aligned sustainability factors into the enterprise risk management framework and strategic planning.  

Materiality

Conducted risk assessments and began mapping critical issues.

Systems

Evaluated integration tools and selected technology partners for enhanced data collection and internal controls. 

Whats Next

With adoption timelines approaching: 

Kenya – January 2026

Tanzania – January 2026

Uganda – January 2027

We are future-ready. Our commitment to sustainability is embedded in continuous learning, stakeholder engagement, and a culture that goes beyond compliance. Sustainability is not just a chapter in our report; it’s the story of how we create enduring value.