To achieve this, NSSF applies a double materiality approach to identifying and assessing its material matters.
This enables us to consider:
Our business
12Material matters
Creating long-term value through our material matters. Discover how financial and impact materiality shape our strategy, decisions and contribution to Uganda.
Creating long-term value through our material matters
Creating long-term value requires us to understand not only the issues that influence our ability to deliver sustainable financial performance, but also the impact our decisions, investments and activities have on our members, society, and Uganda's long-term development. As NSSF embarks on the next phase of its Vision 2035 journey, understanding these interconnected impacts enables us to make better strategic decisions that create lasting value for both today's members and future generations.
Financial materiality · Outside-in
Financial materiality of sustainability-related issues (outside-in), and how they influence the Fund's financial performance, strategy, operations, risk profile, and long-term value creation
Impact materiality · Inside-out
Impact materiality (inside-out) of our activities, investments and decisions on members, communities, the economy, and the environment
This approach recognises that long-term member value, sustainable development and national prosperity are increasingly interconnected. It ensures our material matters inform strategic planning, governance, risk management, capital allocation, and decision-making, while supporting the delivery of Vision 2035, Uganda's Fourth National Development Plan (NDP IV), and the Government's Ten-Fold Growth Strategy.
Understanding the environment shaping our long-term value creation
NSSF operates in a dynamic environment shaped by economic, regulatory, technological, social, and environmental developments. These trends continue to influence our strategy, the expectations of our stakeholders and the issues most significant to creating sustainable long-term value.
National development priorities
Uganda's Fourth National Development Plan (NDP IV) and the Government's Ten-Fold Growth Strategy reinforce NSSF's role in mobilising domestic savings, expanding social security coverage and supporting long-term national development.
Expanding social security
The amended NSSF Act continues to broaden participation beyond formal employment, increasing the importance of accessible products, financial literacy, digital channels, and personalised member engagement.
Digital transformation
Rapid advances in technology and data create opportunities to improve member experience and operational efficiency while strengthening cybersecurity, data governance, and digital resilience.
Global uncertainty
Geopolitical developments, market volatility, climate-related risks, and Uganda's evolving economic landscape continue to shape the Fund's operating environment, requiring disciplined governance, sound investment management, and organisational resilience.