The National Social Security Fund (NSSF) has emerged the Gold Award winner at the 2024 Financial Reporting (FiRe) Awards, scooping four prestigious accolades, including the overall Gold Award for excellence in integrated reporting.
NSSF was also recognised for the best sustainability reporting award 2024, parastatal of the year award, and a certificate of recognition for outstanding achievement in corporate governance.
The awards, organized by the Institute of Certified Public Accountants of Uganda (ICPAU), recognized NSSF’s exemplary performance across all reporting dimensions.
The Fund’s integrated annual report was praised for its articulation of its strategy and performance over the short, medium, and long term.
According to the ICPAU citation, the report provided a well-rounded explanation of NSSF’s sustainability strategy, targets, and their alignment with value creation, showcasing a high level of integrated thinking throughout the organization.
“The integrated report offered an attractive and detailed explanation of its strategy, material matters, and sustainability goals,” the citation read in part.
The chief guest at the awards ceremony, Katumba Wamala, Minister of Works and Transport, congratulated NSSF for its outstanding achievement.
Representing NSSF at the event, Stevens Mwanje, the Fund’s Chief Financial Officer, expressed gratitude to the organizers and commended the NSSF team for their dedication to producing high-quality reports year after year.
“I would like to express my appreciation to the team, which invested a lot of effort into putting these quality reports together. As the Fund, this achievement is testimony of our ongoing dedication and commitment to transparency, accountability, and upholding best practices in financial reporting and corporate governance,” Mwanje said.
NSSF’s consistent excellence in financial reporting is evident in its five-time Gold Award wins, having previously won the Gold Award in 2018, 2020, 2021, and 2022, and a Silver Award in 2023.
The Fund has also consistently been recognised for its work on Environmental, Social, and Governance (ESG) reporting, an emerging and critical area in financial reporting.
According to ICPAU, NSSF’s 2024 Sustainability report stood out because of its integration to the annual report, and articulation of the control and procedures for monitoring and sustainability.
The report, ICAU also highlighted, had a comprehensive discussion on its performance and risks as well as progress towards achieving set targets.
