The Environmental Investment Fund of Namibia (EIF) have signed a Memorandum of Agreement with MTC to work together on a corporate social responsibility and investment programme with a specific focus on environmental sustainability and nature.
In a media statement on Thursday, MTC’s Chief Human Capital and Corporate Affairs Officer Tim Ekandjo said the partnership is a demonstration of their commitment to doing business in a sustainable manner and taking their responsibility towards improving sustainability in their sector and country as it relates to the environment.
‘Sustainability for us means doing business in such a way that we are able to meet the needs of our customers without compromising the ability of future generations to meet theirs. We are therefore cognisant of three key pillars namely the economy, society and the environment,’ added Ekandjo.
He also said partnerships are important, especially with a partner whose core existence was borne on the premise of ensuring sustainable use of natural resources.
EIF’s Chief Executive Officer Benedict Libanda also in the statement said partnering with MTC will amplify their ability to improve the accessibility of environmental and climate change information, and if appropriately applied, through Information and Communication Technology, they can empower local people to make informed decisions regarding environmental issues, thus enhancing conservation.
‘We are hopeful that the alliance with one of Namibia’s most recognised brands will become a torchbearer resilience and sustainable development in Namibia,’ noted Libanda.
MTC as a technology-based company is crucial in addressing climate change risks, in educating people how to mitigate it, and in building up human resources to adapt to its effects, he said.
He further said EIF is committed to investing in innovation in order to achieve sustainable development, adding that over the past three years, EIF has disbursed grants of more than N.dollars 583 million, ensuring that more than 240 256 hectares of land are under conservation while creating more than 950 employment opportunities, mostly rural-based.
‘To date, EIF attracted and mobilised more than N.dollars 1.7 billion mostly from multilateral and developmental funding institutions and partners for such investments,’ he concluded.
Source: Namibia Press Agency (NAMPA)