For the financial period from April 1, 2023 to March 31, 2024, the Digicel Group invested US$7.4 million in environmental, social and governance (ESG) projects in T&T.
This amounted to the Digicel team supporting 604 projects and facilitating 150 EPIC (extraordinary projects impacting communities) grants, the establishment of 10 innovation labs as well as 162 technology in education centres (TIE) and in the process impacting over 200,000 people. Digicel’s investment in ESG was far larger in Jamaica and Haiti.
Haiti received the largest support from the telecommunications provider, as the company invested US$87.1 million into the country which spent much of the year troubled by political turmoil and gang violence.
Digicel said 1.3 million people directly benefitted from its projects in Haiti, with 363 community development projects receiving funding from the company. The report stated that 60,000 students benefited from 193 school construction projects, which received Digicel funding.
Notably, the report highlighted Digicel’s efforts to introduce additional financial services to the country via its MonCash service.
“In Haiti, access to financial services is reserved for a very small proportion of the population but digital financial services are creating a path to increased financial inclusion and real-world benefits for low-income people all across the country.
“According to the Central Bank of Haiti, 89 per cent of Haitian adults are unbanked, while the World Bank reports that more than 5 million Haitians live on less than US$3.65 per day. For context, these figures are among the lowest not only in the Latin American and Caribbean region, but globally,” according to Digicel’s 2024 ESG report.
The report added, “Our MonCash mobile money service has been growing exponentially in the last few years and we continue to invest to meet our customer’s needs. That saw the team successfully complete a platform migration in August 2023 to upgrade the service, meaning we can now offer enhanced features. Some of these changes like the additional security features have led to a significant drop in fraud-related calls delivering better security, better service and a better user experience.”
The company said the service had proven helpful amid the turmoil in the country.
The ESG report said, “We are also alongside our community when difficult situations arise. With the civil situation in Haiti continuing to be problematic, MonCash customers have the ability to receive international remittances which can help people survive the day to day. We’ve seen our transaction value grow by an amazing 417 per cent as customers responded to the convenience and security that MonCash offers at a time when Haitians are most in need. As we continue to educate our customers on the benefits, we’ve also been able to build our merchant network from 1,200 to 3,000 active retailers.”
Digicel had attempted to introduce a similar service to T&T, as it had obtained a provisional licence in October 2023 to provide e-money in T&T. The licence was extended in April but by August 2024, the company said it had voluntarily surrendered the licence, days after the Central Bank announced it had been revoked.
Jamaica, on the other hand, received an ESG investment of $46.67 million. That sum facilitated the renovation or construction of 29 special needs centres, schools and early childhood institutions, the establishment of 231 primary school enrichment rooms for literacy and numeracy, the distribution of 1,413 tablets as well as the donation of 107 Braille machines to The Salvation Army School For The Blind.
Digicel said over 250,000 people benefitted from 888 community grants it offered in Jamaica.
Despite investing significantly less in ESG in T&T than in Haiti or Jamaica, the company still provided significant support for people in this country.
“To commemorate World Steel Pan Day, we partnered with Pan Trinbago to fund and support development of TIEs at eight pan yards in T&T. Each centre has five computers, a printer, desks, chairs and one year’s free high-speed broadband. Each TIE centre has the potential to impact 3,013 persons.”
Digicel stated it has pushed business development in the country via training programmes it had done through Digicel Business and a partnership with Restore a Sense of I Can (RSC).
“We supported the DigiKids Tech Incubator. The free hybrid technology vacation camp for ages 8 to 12 empowers young people to become digital creators. Campers learned about simulations, dance code, cybersecurity, artificial intelligence, web development, audio editing and video editing. On-site activities included website design, dance code, robotics, augmented reality and virtual reality,” said the company’s ESG report.
Another partnership with the Ministry of Social Development and Family Services, led to the company providing funding to procure physical therapy equipment, occupational therapy equipment, behavioural therapy equipment, speech therapy resources, as well as resources for an adult therapy gym and paediatric therapy gym, furniture for an adult daily living suite, and computer equipment and accessories for an NGO Resource Room at the National Therapeutic and Resource Centre (NTRC).
“The NTRC is a multidisciplinary resource centre which offers therapy and rehabilitation for persons with disabilities.
To commemorate World Literacy Day and the opening of a new play park in the city of Port-of-Spain, team Digicel read aloud to students while doing crafting activities. This year, five teams collaborated to share Christmas cheer during the yuletide season.
“The investment covered costs to purchase devices for children living in orphanages, appliances and personal care products for a senior citizens’ home, food hampers for vulnerable families and a play park for children in early childhood care,” said Digicel.
The company however noted that climate change remained a challenge that needed to be addressed in the region.
The report highlighted its own goals and plans to aid with the issue.
The report said, “Climate-related risks are twofold; encompassing transition risks stemming from potential market and policy shifts as the global economy transitions towards low carbon solutions and physical risks such as extreme weather events and long-term climatic changes.
“As such, we have put in place some ambitions for ourselves. We are committed to reducing our scope one and two emissions and to understanding how we can better assist with reducing our scope three emissions over the short to medium to long-term.
“By 2035, we hope to reduce our scope one and two emissions by 50 per cent, with the ambition of being net zero by 2050.”