SSIF Releases 2023 Sustainability Report, Reaffirms Commitment to Long-Term Growth

Amman: The Social Security Investment Fund (SSIF) has issued its seventh sustainability report for 2023, marking a significant milestone in the Fund's ongoing commitment to Sustainable Development Goals. In a press statement on Monday, SSIF Chairperson Ezzedine Kanakrieh emphasized that the voluntary release of this report for the seventh consecutive year underscores the Fund's dedication to sustainability practices across its diverse investments and activities. He noted that responsible investment is a core institutional value guiding the Fund's operations. Kanakrieh highlighted that incorporating sustainable investment practices is a key element of the Fund's strategic plan, which not only ensures consistent long-term financial returns but also enhances economic benefits for both current and future generations. Additionally, these investments positively impact the environment and society. Despite the economic challenges posed by regional circumstances, the Fund has turned these challenges into opportunit ies through its flexible strategy and diversified investment approach. This has allowed the Fund to mitigate financial risks and achieve relative stability in the returns of its various portfolios, he noted. The Fund's diverse investments span sectors including banking, mining, industry, energy, tourism, agriculture, real estate development, health, transportation, and services. Kanakrieh emphasized that these investments are not only drivers of economic growth but also contribute to improving citizens' quality of life and strengthening infrastructure, particularly in the governorates. He further explained that the SSIF prioritizes compliance with corporate governance standards, fostering a culture of sound management, transparency, and accountability. This commitment is vital for enhancing the confidence of partners and potential investors in both the Fund and Jordan's broader investment climate. Kanakrieh also underscored the Fund's pivotal role in advancing Jordan's comprehensive national modernization project and Economic Modernization Vision. The Fund's investments enhance Jordan's global competitiveness and stimulate economic activity by strategically directing investments to the governorates, leveraging their comparative advantages, and creating permanent job opportunities for local communities. Looking ahead, the Fund, he underlined, remains focused on integrating sustainability standards into all aspects of its operations, recognizing that these efforts not only bolster the Fund's financial and operational performance but also contribute to long-term growth at both the Fund and national levels. This aligns with Jordan's commitments to achieving the Sustainable Development Goals by 2030. The SSIF's 2023 Sustainability Report is available on its website, www.ssif.gov.jo. It details the Fund's key efforts in implementing practices that positively impact the environment and society while ensuring the financial sustainability of the social security system. Source: Jordan News Agency