MTN Group highlights Y'ello Life insurance in sustainability report

MTN Group said its efforts to advance social development in its markets through the integration of sustainable business practices in day-to-day activities is yielding positive outcomes. The company's Sustainability Report for 2014 details how MTN's voice and data products and services are creating sustainable economic value in its markets. 

MTN said it has made significant developments in enabling digital inclusion and access to basic financial, m-health and m-insurance services across its markets. In this regard, 1.9 million affordable handsets were made available to customers, and 4,000 farmers received payment for cotton produce via MTN Mobile Money in 2014. In Nigeria, MTN offers Y'ello Life insurance for affordable cover to individuals and Y'ello Biz for easily accessible small business insurance protection, while m-health services are available in Afghanistan, Cameroon, Ghana, Rwanda, Uganda, South Africa, Yemen and Zambia. 

Also contained in the report is information on how MTN is contributing to sustainable societies by ensuring safe and healthy living and working environments for employees, customers, communities and operations, as well as the strides made by MTN towards becoming a more eco-responsible business. The company reduced and avoided more than 29,000 tonnes of greenhouse gases in 2014, which is the equivalent of taking 3,249 diesel cars off the road for one year. The report states that in the year, MTN realised ZAR 49.6 million savings from energy efficiency and green energy investments. In addition, 326 tonnes of electronic and electrical waste was handed over to small e-waste handlers and recyclers. Dabengwa states that while progress has been made, the company has a long way to go before comfortably addressing all of its material sustainability prerogatives, and MTN will continue to focus on these.