Kenya Power has launched the Kenya Power Foundation which marks a significant milestone towards the company’s commitment to undertaking sustainable Corporate Social Responsibility (CSR) initiatives across the country.
The Foundation’s mandate aligns with the Government’s agenda to uplift communities, transform lives and empower generations, as well as the United Nations Sustainable Development Goals that ensure its social contribution makes a positive impact in society.
The company has committed to injecting one percent of its after-tax profit every year as seed capital. The Foundation will also leverage on partnerships and donations to boost its financial capacity to undertake social impact initiatives.
The Foundation will coordinate all the Company’s Social Responsibility initiatives to widen their reach and impact on communities, mainly focusing on Energy and Environment, Education and Skills Development, and Social Investment and Community Wellness.
‘We recognize that as a business, our success is li
nked to the well-being of the communities we serve. The Foundation will allow us to consolidate and scale the impact of our corporate social initiatives, ensuring that we empower people and create long-term social value,’ said Kenya Power’s Managing Director and CEO Dr. (Eng.) Joseph Siror.
Siror stated that in the last 10 years, Kenya Power has awarded over 30 full scholarships to bright but needy students from various communities.
The CEO added that the Company has also contributed to the building and equipping of more than 60 schools to enhance learning environments.
Further, he highlighted that the Company has planted over 600,000 trees, renovated various sports fields, and supported numerous sporting activities, among other initiatives as part of its social responsibility projects.
Speaking during the launch, Kenya Power Foundation’s Patron Logan Hambrick noted that the Foundation will provide the critical link between Kenya Power’s business and social impact across all the communities that the Com
pany serves.
This Foundation, according to the Patron, is a testament to the transformative role that corporations can play in uplifting communities.
‘We aim to operate with the belief that every Kenyan, regardless of gender, disability, or background, deserves an equal opportunity to benefit from our programs. As we launch this foundation, we would like to commit that our initiatives will be sustainable, scalable, and designed to uplift the communities we serve, further empowering them to become self-reliant,’ she reiterated.
Concurrently, Kenya Power Board of Directors Chairperson Joy Brenda Masinde said that the Foundation is born from the Company’s commitment to improve lives and drive change in education, community wellness, access to clean energy, and its relationship with the environment
‘Drawing from the many lessons that we have learned along the way, we look forward to collaborating with all stakeholders to implement innovative initiatives that better address the challenges facing our communitie
s,’ Masinde said.
The Chairperson called on all stakeholders to partner with the Foundation to make it impactful and sustainable.
‘We welcome all our stakeholders to partner with us to make this initiative impactful and sustainable. By working hand in hand, we can build a more sustainable future for all,’ she urged.
Source: Kenya News Agency