THE B-TEAM: KEEPING ETHICAL, SUSTAINABLE BUSINESS ON THE AGENDA
Safaricom is a founders circle member of the B-Team Africa, not-for-profi t alliances of business leaders who are committed to responsible and sustainable business practices for the wellbeing of people and the planet.
RESPONSIBLE TAX PRINCIPLES
Oxfam reports that tax and benefi ts systems can reduce inequality and poverty, provided a government takes proportionately more tax from those on higher levels of income, and redistributes welfare benefi ts to those on lower incomes.
The B-Team and leading companies (including Safaricom), through engagement with civil society organisations, institutional investors and international institutions, have developed a set of Responsible Tax Principles. These provide a framework for what good tax practice (a key element in reducing inequalities) should look like and a benchmark for businesses to work towards in areas such as tax management strategy, interactions with authorities and reporting.
Safaricom and KCB Group have endorsed the principles, and B-Team Africa is mobilising other business leaders to do the same in key countries including Kenya and Ghana.