Safaricom has boosted its sustainability credentials after being named on CDP’s prestigious “A-List” for climate change disclosure for the second year running.

The esteemed recognition now places the Kenyan telecommunications giant among a small group of global leaders on environmental transparency.

Only 4 per cent of companies across the globe made the CDP A-List in 2025, accentuating the significance of Safaricom’s achievement.

CDP is the world’s leading platform for assessing how organisations measure, manage and disclose their environmental impact.

Safaricom’s recently launched 2025 Sustainable Business Report highlights how digital tools are driving its climate action.

The telco has deployed advanced greenhouse gas data management systems and AI-powered dashboards, significantly improving the accuracy of emissions tracking and forecasting, which are critical for credible climate reporting.

“Our climate disclosures follow global best practice under IFRS S1 and S2, as well as the TCFD framework,” said Safaricom CEO Peter Ndegwa.

He added: “We have also introduced internal carbon pricing and planted over 2.3 million trees to offset residual emissions as we work towards becoming a net-zero organisation by 2050.”

On the ground, Safaricom is hastening the shift to clean energy and has already solarised 1,432 base stations, cutting reliance on fossil fuels, and plans to power 95 per cent of its network with green energy by 2030.

The leading telco in Kenya’s roadmap also includes rolling out solar power to 5,000 sites, planting five million trees, and decarbonising its supply chain.

“This recognition reflects our commitment to both disclosure and action,” the CEO noted.

Ndegwa added: “Innovation remains central to our sustainability journey: not only in reducing emissions, but in supporting communities and strengthening climate resilience.”

Climate accountability is a defining issue for global businesses, and Safaricom’s CDP A-List recognition positions it as a leading African example of how technology, transparency and environmental action can go hand in hand.

The issuance received applications totaling Sh41.6 billion, an oversubscription of 175.7 per cent, making it the largest bond ever issued by Safaricom and Kenya’s largest Green Bond.

This remarkable response to the first tranche of Safaricom’s Domestic Medium-Term Note (DMTN) reflects a strong investor confidence in the firm’s strategy and long-term vision.

Corporate leaders present including NSE CEO Frank Mwiti, Chairman Kiprono Kittony, Capital Market Authority’s Daniel Warutere, and Stanbic Bank Regional Chief Executive – East Africa Joshua Oigara highlighted the confidence investors have in Safaricom’s strategy.

Safaricom CFO, Dilip Pal said the NSE listing indorses confidence in Kenya’s capital markets, their depth, resilience and capacity to mobilise long-term capital for productive investment.

Pal reiterated that the proceeds from this bond will fund initiatives to boost operational efficiency, expand renewable energy, and advance sustainability across the telco’s network.

“This transaction demonstrates what is possible when local capital markets are thoughtfully and deliberately engaged,” stated Pal.

He added: “We aim to be innovative, disciplined and aligned to the long-term evolution of Kenya’s Capital markets.”

Oigara, Regional CE of Stanbic, the Joint Lead Advisor, Sponsoring Broker, and Placing Agent, said the listing reflects institutional strength, investor confidence, innovation in Kenya’s markets.

“The Safaricom listing is more than a financial milestone: we must celebrate Kenya’s ambitions in a bold direction set by our national leadership,” intimated Oigara.

He added: “We are definitely sending a signal to the world that Kenya has always been ready for business, our markets are built on integrity, transparency and with incredible level of trust.”

The highlight of the event was the bell-ringing ceremony and Red Jacket Trade, attended by Pal, NSE leadership, and CMA representatives, officially marking the Green Bond’s listing.

The Bond carries a five-year tenure and a 10.4 per cent tax-exempt returns, with the secondary trading now open for through licensed stockbrokers and investment banks.