Nairobi, 1 December, 2023 – The African Trade & Investment Development Insurance (ATIDI) has disclosed its Environmental Social and Governance (ESG) policy, which defines the organization’s commitment, roles and responsibilities to environment and social sustainability across its portfolio.
ATIDI has always built its business around solid ESG criteria. As such, the disclosed policy is now a new tool and it formalizes its commitment towards the highest ESG standards and ATIDI’s determination to have optimal impact on our continent’s development.
Under its ESG policy, all transactions covered by multi-lateral insurer must notably include relevant measures to safeguard ecosystems, biodiversity and all other natural resources, while mitigating adverse social effects such as involuntary resettlement of people and communities, disparities in employee working conditions, harassment, and gender inequality.
ATIDI will ensure that its clients take appropriate actions to address potential adverse ESG impacts throughout the duration of supported transactions, including setting up a grievance mechanism. The organization has set up its own grievance mechanism, which can be accessed on its website.
Created in 2001 as the African Trade Insurance Agency (ATI) by seven countries to provide an extra layer of security for foreign investors who perceived Africa as too risky to engage, ATIDI has grown into a pan-African institution with 21-member countries and 13 institutional shareholders, present across the continent and with a significant global reach. The multilateral insurer recently rebranded from ATI to ATIDI, an identity which provides a better fit to its growing stature as the multilateral trade and investment insurer on the continent
Quote from Manuel Moses, CEO, ATIDI
“Though high ESG standards have always been a driver of our business, the disclosure of our ESG policy and our grievance mechanism are a strong sign of our commitment to be even more developmental in carrying out our business. The policy provides yet an additional guarantee while strengthening our portfolio, in line with our organization’s ambitious 2023-2027 objectives. We are grateful to all our partners who support ATIDI in this noble commitment.”
Quote from Clément Yapo, Senior ESG Officer, ATIDI
“The disclosure of ATIDI’s ESG policy is a key milestone in its long and exciting journey to play a major role in achieving sustainable development in Africa while fulfilling its mandate. The policy puts into words that more than ever sustainability is at the heart of ATIDI’s operations and backed by its values and principles. We are proud of this policy which constitutes a commitment by all ATIDI staff to contribute to a better world by achieving the SDGs.
