LILONGWE-(MaraviPost)-The National Planning Commission (NPC) has lauded the just launched Old Mutual’s Sustainability Report 2024 saying is a catalyst towards attainment of Malawi 2063 agenda.
NPC Director General Frederick Changaya observed that the report aligns well with the country’s development agendas.
Changaya told journalists after the launch the report on Friday night, August 22, 2025 in the capital Lilongwe that Old Mutual has set a pace for inclusive growth in all sectors of development including natural resources such as water, soil, air, vegetation and among others.
“Through the report, Old Mutual has demonstrated that profits can be generated sustainably without endangering ecosystem with inclusivity of development agendas.
“Therefore the report is a catalyst for economic growth which financial firms must learn from,” lauds Changaya.
Echoeing the same, Old Mutual Malawi Limited Group Chief Finance Officer Vera Zulu said Sustainability Report, “Is more than a report it is a reflection of our firm belief that business success and sustainability must go hand in hand. It is also a story of increasing transparency, sustainability, ethical governance, and our social responsibility.
“The world we live in is changing rapidly. Climate change, economic pressure. and social inequality are no longer distant concerns – they are our everyday reality.
Zulu observes, “We know that our responsibility as a financial services provider is broader than balance sheets and profit margins for our shareholders. Our true responsibility lies in creating enduring value value that uplifts people. protects the planet, and supports national development.
“For over 70 years, Old Mutual has stood with Malawi as a partner in growth, stability, and resilience. But we know that growth that at the expense of people and the planet is not sustainable”.
She added, “This is why we are leading the way in championing sustainability in our business model. Our interventions include responsible investment, financial inclusion, and education, skills development, and environmental stewardship. As a business, we are deliberate in ensuring that every decision we make contributes to building a sustainable and prosperous Malawi.
“The report we unveil today, proudly tells the story of that journey. It showcases how we are aligning our work with the Malawi 2063, our country’s long-term development blueprint, and the United Nations Sustainable Development Goals”.
Zulu explains further, “The report highlights our efforts to address climate resilience, promote financial wellness, support decent work, and foster inclusive economic growth. Above all, it is evidence that business can and must be a force for good.
“Sustainability is not a path we can walk alone. It requires collaboration with fellow private sector players, the government, regulators, communities, and indeed every Malawian. The challenges we face are too complex, too urgent, and too interconnected for any one institution to solve in isolation”.
She concluded, “That is why Old Mutual is calling for more collaboration in the sustainability space. By working together, we can accelerate climate action, broaden financial inclusion, unlock innovation, and build resilience for generations to come. So we would welcome efforts to collaborate with us in ensuring the country we live in, the Africa we do business in and the world that we will live our descendants in is sustainably managed.
“This report – developed in line with global sustainability reporting standards we reaffirm our commitment to transparency, accountability. and continuous improvement. Our message is simple but powerful: with shared purpose and collective action, we can build positive futures for all”.