Teboho Makhabane, Head of ESG and Impact at Sanlam Investments, says, "Following the dissemination of our case study, which demonstrated the efficacy of the Locate, Evaluate, Assess and Prepare (LEAP) methodology in applying TNFD principles, we became active participants in the global discourse. We attended the official TNFD Recommendations launch during Climate Week NYC on 18 September, reaffirming our steadfast commitment to protecting our natural capital and biodiversity of ecosystems. We are excited that we have now been able to formalise our commitment to adopting and reporting on TNFD principles by 2025."

Teboho Makhabane

Dorothy Maseke, Head of African Natural Capital Alliance Secretariat, says, "We are proud of the role that Sanlam has played in the TNFD African pilot programme that was run by the African Natural Capital Alliance. As the first African insurer to participate, Sanlam has demonstrated its commitment to driving progress in addressing issues relating to the nature agenda. The Group's active involvement in the pilot programme has positioned it to provide valuable feedback directly to the TNFD, contributing to the development of a robust framework for assessing nature-related financial risks."

Makhabane says, "Our adoption of the TNFD recommendations underscores our belief in the importance of nature capital, particularly in light of South Africa's water challenges. We are determined to be part of the solution. Our journey is one of transformation and unwavering dedication to preserving the natural world for generations to come."

Disclaimer

Sanlam Ltd. published this content on 11 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2023 13:20:10 UTC.