Brands/Products
LG Targets Technologies to Help Attain Sustainable Goals
By Adedapo Adesanya
As part of efforts to achieve the United Nations Sustainable Development Goals (SDGs) by 2030, global electronic giant, LG Electronics, has pledged to launch technologies that will drive the attainment of this.
The SDGs provide a powerful aspiration for improving the world, laying out where they collectively need to go and how to get there.
LG in its own little way said it has worked with the UN and other notable non-government organizations across the world to support the SDGs and reiterated its commitment to better the life for all through its products and services.
Its commitment to the planet is evident in every one of its core technologies.
According to Mr Il Hwan Lee, President, LG Electronics, Middle East & Africa Region, LG is committed to the triple bottom line of people, planet and profit.
“As a responsible global corporate citizen, LG Electronics is set to contributing to the achievement of the SDGs as the main goal of its social contribution activities. Our focus is on developing new innovations across Sustainability for the Community.
“We are committed to providing electronic products that help customers live better. To support this, we have developed a mid to long term plan themed: LGE & SDGs which we are working towards”, he said.
“In the last couple of years, LG has introduced a wide range of products across the areas of TVs & Home Entertainment, Kitchen, Laundry, Computers, Air Conditioning & Solar that fit into the technologies of the future with the SDGs at heart. Some of such that promote eco-friendly society include LG DUAL Inverter, LG NeON 2, LG WashTower and the CordZero M9 robot vacuum cleaner.
“The revolutionary DUAL Inverter Compressor technology inside LG’s air conditioners never stops adjusting speed for the perfect temperatures without wasting electricity thanks to its lower speed. The compressor reduces electricity usage by 70 per cent despite cooling rooms 40 per cent faster than conventional models.
“When it comes to TVs, LG’s OLED self-lit technology ticks the most environmentally-friendly boxes. They have been recognized as Eco Products by SGS, especially its OLED models with no backlight meaning fewer plastic parts, less indoor air pollution and 50 per cent less VOC emissions. OLED has a comparatively high recycle rate and doesn’t contain hazardous substances like cadmium and indium phosphide.
“LG OLED TVs are easy on the eyes and have been engineered to cause minimal eye strain via low blue light modes and zero flickering, with certification from TÜ V Rheinland of Germany and UL in the United States.
“This year, LG Soundbars are the first of their kind to receive SGS Eco Product Certification. Many LG soundbars use polyester resin sourced from used plastic bottles or recycled plastics, one using jersey fabric sourced from recycled PET bottles – so for every unit produced, almost seven plastic bottles are saved from the hazardous landfill.
“Even the packaging is greener, more recycled moulded pulp and less EPS plastic and foam are used, and the new L-shaped packaging lets more units be transported at once for fewer trucks on the road,” he said.
Recently, LG unveiled Net Zero homes to demonstrate innovations that reduce energy consumption, increase efficiency and enhance daily life. The New American Home and The New American Remodel showcased the wonders of an LG-solar-powered house filled with energy-efficient consumer electronics, appliances and air solutions.
Key to the homes’ environmental sustainability and appealing designs are rooftop installations of high-efficiency solar modules from residential renewable energy leader LG Business Solutions. Forty LG NeON 2 60-cell modules help power each home to support their Net Zero designs. These popular high-efficiency modules generate more power from the same amount of sunlight than lower-efficiency modules of the same size while blending in unobtrusively to the look and feel of the home’s design.
LG Electronics a few years ago set a new direction for its social contribution efforts by reflecting the opinions of the management and key stakeholders, and identified five of the 17 SDGs as its priority. LG Electronics continuously develops and implements initiatives that contribute to achieving these 5 SDGs, and monitors the progress.
The company’s SDGs plan was categorised into three, which are the promotion of an intelligent lifestyle, creation of a better society and realization of carbon and circular economy.
LG has long been committed to projects that benefit the environment. LG Carbon Fund was established in 2017 to support the development of GHGreducing technologies and solutions through the virtual cycle concept wherein all profits from LG Carbon Fund investments are funnelled back into the effort to reduce greenhouse gases.
LG is also an active participant in the Clean Development Mechanism (CDM) project, which seeks to curb harmful emissions through investing technology and capital in developing countries.
Towards the realization of zero-carbon and circular economy, the electronic giant has reduced carbon emissions in its production level by 150,000 tons by 2020 compared to the base year 2008 (i.e 1 million tons in cumulative reductions).
In its mid to long term plan, LG wants to achieve 80 per cent Green 3 Star Products by self-assessment of environmentally friendly products and achieve a 95 per cent recycle rate of waste from production sites by 2030.
To establish a sustainable supply chain, the company plans to use 100 per cent RMAP conformant smelters by the end of this year, assess the CSR risks of all its tier 1 suppliers and expand the scope to include its tier 2 and 3 this year as well. Its plan is to establish the highest level of safety culture in the manufacturing industry (independent stage) by 2030.
Achieve 100 per cent low risk for all the production sites in CSR self-assessment; improve work efficiency and the level of employee satisfaction by achieving work and life balance through fundamental changes in work style.
By Modupe Gbadeyanka
To make finding the right service provider or reaching the right customer seamless, popular local information portal, Connect Nigeria, has introduced a Quote Request platform.
Connect Nigeria described the new system as “a digital solution designed to make connecting with service providers faster, easier, and more reliable.”
It said the Quote Request was built for consumers who need services quickly and want trusted options without the stress of searching endlessly; and service providers and businesses looking for real, high-intent customers without spending heavily on marketing.
“Whether you need a caterer for an event, a plumber for your home, or a designer for your brand, the platform is designed to connect you with the right people,” Connect Nigeria added.
“By connecting demand directly with supply, the platform creates a more structured and dependable marketplace,” it further stated.
At its core, the Quote Request simplifies the entire process of finding and offering services.
To use the service, users have to submit a request describing the service or product needed, which is then sent to verified vendors on the platform. Interested providers respond within 1–2 days, and users compare offers and choose what works best for their needs and budget.
“Instead of searching for vendors, the vendors come to you, with relevant, tailored responses,” Connect Nigeria explained.
The company expects this new platform to eliminate the stress of endless online searches, delayed or vague responses, and uncertainty about service quality.
As for businesses, it solves poor visibility, inconsistent customer flow, and lost opportunities due to slow response times.
Connect Nigeria Quote Request mobile app is now available on the Google Play Store and Apple App Store.
By Aduragbemi Omiyale
An institutional investor, First Ally Capital, has strengthened a leading Nigerian financial technology company, Mathesis Analytics, to scale its proprietary credit decisioning infrastructure.
It made this possible by injecting fresh capital into the firm, which specialises in AI-powered credit decisioning infrastructure, an action that will directly support the growth and scaling of Mathesis’ core mission of providing the intelligence and infrastructure needed to bridge the credit gap for millions of unscored or underscored individuals across Nigeria.
With this investment, Mathesis will enable financial institutions to confidently assess and extend credit to borrowers who lack a formal credit history by leveraging an expanded pool of alternative behavioural and transactional data.
To date, Mathesis’ systems have supported more than 8 million loans for over 2 million unique borrowers in Nigeria, and the company is actively deploying its infrastructure to establish a growing pan-African footprint.
With the investment from First Ally Capital, Mathesis is well positioned to transform how the credit ecosystem operates, driving financial inclusion in partnership with lenders across the continent.
A significant barrier to credit access in Nigeria, which prides itself on being Africa’s largest economy, is data fragmentation. Borrowers frequently build positive financial behaviours across multiple digital platforms by repaying microfinance loans, saving through fintech wallets, or servicing Buy Now, Pay Later (BNPL) facilities.
However, under traditional credit infrastructure, these achievements remain invisible to new lenders.
Mathesis addresses this challenge through the concept of Personal Equity—the quantified expression of an individual’s financial behaviour aggregated across every institution with which they have transacted.
By translating these disparate signals into a precise, portable measure of creditworthiness, Mathesis creates a comprehensive credit identity that reflects the full breadth of a person’s financial life.
“True financial inclusion cannot be achieved in a vacuum; it requires structural collaboration in which lenders and fintech companies work as partners within the ecosystem.
“This investment from First Ally Capital validates our approach to reshaping credit infrastructure. By quantifying Personal Equity, we empower lenders to safely look beyond the constraints of formal credit histories and recognise a borrower’s true creditworthiness. This capital enables us to accelerate our pan-African expansion while maintaining the robust, institutional-grade infrastructure our partners rely on,” the chief executive of Mathesis Analytics, Winston Osuchukwu, stated.
On his part, the chief executive of First Ally Capital, Mr Ebenezer Olufowose, said, “At First Ally Capital, we pride ourselves on being a one-stop destination for financial solutions, offering a diverse portfolio of services ranging from investment banking and asset management to trusteeship, inclusive banking, and real estate.
“Our investment in Mathesis Analytics reflects our strong belief in the company’s vision and our commitment to supporting forward-thinking enterprises that deliver excellence.”
By Aduragbemi Omiyale
The chief executive of Canal+ Africa, Mr David Mignot, has disclosed that MultiChoice is now fully integrated into the media group.
Mr Mignot disclosed this via a statement issued on Thursday, noting that this development marks a new phase in the evolution of one of Africa’s leading pay television operators.
He noted that the integration positions MultiChoice within a global media organisation with an extensive international footprint.
“MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries. The group was founded in France, is listed in London and Johannesburg, and has a strong African presence with operations in more than 45 countries,” Mr Mignot said.
The statement underscores the scale of the combined business, highlighting Canal+’s global reach alongside its significant investments across Africa.
The completion of the transaction is expected to strengthen MultiChoice’s position in the African media and entertainment market by giving it access to the broader resources, expertise and international capabilities of the Canal+ Group, while reinforcing the group’s commitment to the continent.
MultiChoice operates across sub-Saharan Africa through platforms including DStv and GOtv, serving millions of subscribers with entertainment, sports and news content.
