The Group Chief Executive Officer of GLICO Group, Edward Forkuo Kyei, has disclosed that the company has reduced its energy costs by about 60 percent through strategic investments in sustainability initiatives, including solar energy and electric vehicles.

According to him, the insurance and financial services firm is pursuing a long-term sustainability agenda aimed at ensuring the company's growth while creating value for stakeholders and the environment.

The launch forms part of GLICO's broader commitment to integrating Environmental, Social and Governance (ESG) principles into its business operations as it positions itself for long-term growth and resilience.

Speaking at the launch of the company's ESG initiatives on Wednesday, June 3, 2026, he said sustainability has become a core part of the organisation's vision and operations.

"We are very much aware of companies that have existed for more than 100 years and beyond. It is always important to understand what they have done and to build on it," he said.

He explained that GLICO's ambition is to build a business that will remain relevant for generations, with sustainability embedded in every aspect of its operations.

"As an organisation, it has been our intention to live long and, indeed, to exist forever, so to speak. Therefore, everything that we have done over the years, and everything we continue to do, underpins our desire to implement measures that will sustain our business going forward," he stated.

According to him, the company has deliberately developed structures and policies that support long-term growth while ensuring that stakeholders continue to benefit from its operations.

"We have, over the years, ensured that all the structures within the organization are embedded with arrangements that will guarantee sustainability and ensure that our stakeholders remain satisfied," he noted.

The Group CEO said transparency remains one of the key pillars of the company's sustainability strategy.

"For businesses to succeed, transparency is very important. It is important for everybody dealing with us as a partner or stakeholder to know that we are here for the long term because of the structures and arrangements we are putting in place," he explained.

Forkuo Kyei also revealed that GLICO was among the early adopters of electric vehicles in Ghana.

"I can confidently say that we are one of the companies that started using electric vehicles as far back as 2021, when EVs were not popular," he said.

He added that the company is exploring additional renewable energy solutions, including wind energy technologies, as part of efforts to reduce its environmental footprint and support surrounding communities.

"We are looking forward to a future where we can even share excess energy with our neighbours. We are going beyond what we have already put in place," he disclosed.

The GLICO CEO also highlighted measures being implemented internally to reduce waste and cut costs, including efforts to phase out the use of single-use plastic bottles across the organisation.

"I remember at our last executive meeting, all member companies agreed that we should cut down on the use of plastic bottles. If you go to every floor, you will see water dispensers there," he said.

According to him, these interventions are not only helping to protect the environment but are also generating significant cost savings for the company.

"We have already indicated that, as a result of these initiatives, we have been able to save about 60 percent of our energy costs. You know how expensive electricity is at the moment, so for such a huge facility, saving about 60 percent of operational costs is something we can be proud of," he stated.

Forkuo Kyei further noted that GLICO's telemedicine services are helping customers save both time and money by reducing the need for physical visits for consultations.

"Clients can now, from the comfort of their homes, call and speak to us for consultations. It is not only the company that is making savings; our stakeholders are also benefiting," he said.

He stressed that sustainability is an evolving journey and that the company will continue to explore innovative ways of improving efficiency while delivering value to customers and stakeholders.

ANAS/MA

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