Standard Bank Namibia (SBN) holds its corporate social investment (CSI) a top priority and has committed N$4m to the cause this year. The banking group pledges a percent of net profit generated towards CSI initiatives.
Its CSI chairperson, Dr Ndapewa Hamunime, says CSI means companies, apart from profit making, have a greater purpose in society, which is the duty to protect and enhance the area in which they operate.
“Business can play a pivotal role in improving the communities they serve, as well as the society at large through corporate investment programmes. I am of the opinion companies must align their corporate social responsibilities with their corporate goals, to have a meaningful impact on society”.
She adds, “As a woman, I believe I have an equal opportunity and perhaps I am even better placed to do philanthropic work on a broad level, given the fact as mothers, women are more closely linked to the vulnerable groups in society.”
Hamunime also says because of the stature of SBN as one of the leading banks in Namibia, “It is expected that the board, management and employees uphold the good name of the bank, within our society. It is through corporate social programmes that we remain relevant, close to our people and meaningfully improve our communities”. One of the focus areas of the bank’s CSI is helping the vulnerable, marginalised and disadvantaged groups of society.
In line with this, SBN supports Hope Village Trust, Katutura Youth Enterprise Centre, Cancer Association of Namibia (Can), San Development Programme, as well as educational programmes for children with hearing problems and education for young girls and refugees.
“SBN has made a huge impact and has contributed greatly to programmes aimed at mitigating the many hardships disadvantaged Namibians face,” she says. Dr Hamunime has been the chairperson of SBN CSI board since 2011.