Our double materiality process

The process we follow to determine our material matters is outlined below.

Understand our operating environment

Assess the internal and external environment to identify emerging risks, opportunities, trends, and stakeholder expectations.

Inputs

Economic
Regulatory
Political
Social
Environmental
Technological
Strategic priorities
Enterprise risks

Assess double materiality

Financial materiality (Outside-in)

How sustainability issues influence

Financial performance
Strategy
Operations
Risk
Long-term value

Impact materiality (Inside-out)

How NSSF influences

Members
Society
Communities
Economy
Environment

Prioritise material matters

Evaluate each matter according to:

Strategic importance
Financial significance
Stakeholder expectations
Societal impact

Identify the matters with the greatest combined significance.

Integrate into strategy and reporting

Material matters inform:

Strategy
Vision 2035
Capital allocation
Risk management
Performance
Reporting

Our value creation ecosystem

Our double materiality assessment is informed through continuous engagement with the stakeholders who influence, and are influenced by, NSSF's ability to create long-term value.

Members

Employers

Government

Regulators

Board of Directors

Board Committees

Executive Management

Employees

Investment partners

Service providers

Industry partners

Communities

Applying a double materiality lens enables NSSF to understand not only the matters that influence our long-term performance, but also how our decisions contribute to sustainable wellbeing for members, communities, and Uganda.

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