SIMS launches responsible investment initiative

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From Left - Alex Asiedu, (Head, Investments, Africa Regions), Kwamina Asomaning (Chief Executive, Stanbic Bank Ghana) and Kwabena Boamah, (Managing Director, SIMS) with the panel members.

Stanbic Investment Management Services Ltd. (SIMS) has officially launched its Responsible Investment Initiative at a ceremony held in Accra.

This initiative forms part of SIMS’ commitment to sustainability and responsible investing through collaborating with issuers and investors to enhance sustainability efforts, towards driving positive change across the industry.

In his welcome address, Kwabena Boamah, Managing Director of SIMS, emphasized the importance of integrating environmental, social, and corporate governance (ESG) factors into investment strategy. “SIMS is proud to be launching our commitment to sustainability and responsible investing. This marks the beginning of our journey of improving our business practices and embedding environmental, and social factors beyond corporate governance in our investment approach” he said.

Mr. Boamah also highlighted that SIMS’ objective goes beyond achieving financial gains for investors. “Our goal is to deliver value to all stakeholders, going beyond financial gains for investors, to making an impact in society and on the environment.

We aim to work with issuers to build capacity in their sustainability practices and with investors to drive positive change,” he stated.

SIMS is determined to align its business operations with the Sustainable Development Goals, national ESG initiatives, and global ESG trends.

Kwabena Boamah underscored SIMS’ dedication to this mission, saying, “We believe that true stewardship extends client satisfaction to foster long-term value creation that benefits the economy, society, and the environment. We are committed to fostering a culture where our team, clients, and partners are empowered to be responsible, contributing to shared value through their way of business and their daily lives.”

The event also featured a keynote presentation by Nuru Mugambi, Advisor, IFC – Sustainable Banking and Finance Network. Industry players and members of the panel provided insightful contributions during a panel discussion on the topic, ‘Bridging the Gap; Profit and Purpose’. The initiative was officially launched by Kwamina Asomaning, Board Chairman of SIMS and Chief Executive of Stanbic Bank Ghana LTD, along with Charles Abani, United Nations Resident Coordinator in Ghana.

Stanbic Investment Management Services LTD (SIMS) is an investment management and advisory firm licensed by the Securities and Exchange Commission and registered with the National Pensions Regulatory Authority as a pension fund manager.

From Left – Alex Asiedu, (Head, Investments, Africa Regions), Kwamina Asomaning (Chief Executive, Stanbic Bank Ghana) and Kwabena Boamah, (Managing Director, SIMS) with the panel members.

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