Corporate responsibilityWe are committed to operating in a responsible manner, making decisions that take into account the impact of our business on those around us. The Old Mutual Foundation serves as the company’s primary vehicle to deliver on its economic and social transformation vision for Namibia.
For decades we have played a key role in the Namibian community through the provision of financial services and our involvement in community and empowerment projects. Social and economic transformation is integral parts of our strategy. We have put great effort into bridging the income distribution divide. We do so as part of a collective effort between government and the private sector.
We have successfully continued our BEE partnerships with community organisations with the aim of empowering previously disadvantaged sectors of our society. We have worked alongside others to deliver special vehicles such as the NedNamibia Education Trust.
Through the Old Mutual Foundation - our corporate social investment vehicle funded by a 1% of after-tax profit allocation annually – we have delivered a wide range of social initiatives throughout Namibia, illustrating our commitment towards the development of the communities in which we operate.. Key objectives of the Old Mutual Foundation include:
- To develop and maintain an effective social empowerment programme
- To create opportunities for skills development (for Namibians)
- To promote sustainable development (in Namibian communities)
The Old Mutual Women’s Summit is a platform created to advance women and their role in society. Since its inception in 2011, the event has been inviting powerful women as guest speakers to share their stories in leadership with pioneering women in Namibia.
As Old Mutual, we are proud to be represented by women who make up 58% of our full-time employees as the current generation of leaders at Old Mutual is making sure that we are preparing the next generation to take over leadership.