Dipo Olowookere
By Dipo Olowookere
The quintet of Lafarge Africa, Dangote Cement, Seplat Energy, Flour Mills of Nigeria and Courteville Business Solutions has been commended by the Nigerian Exchange (NGX) Limited for demonstrating leadership in sustainability reporting.
According to the Chief Executive Officer of the exchange, Mr Temi Popoola, the fivesome has made use of the Facts Behind the Sustainability Report platform of the bourse to promote transparency in Environmental, Social and Governance (ESG) disclosures by showcasing the sustainability performance and reporting.
Speaking on Thursday at the digital closing gong ceremony organised by NGX in celebration of the 2022 World Environment Day themed Only One Earth, Mr Popoola called on businesses to adopt sustainable business practices and report sustainability performance to stakeholders to promote inclusivity in transformational initiatives for the economy and society.
In his opening remarks, he noted that the critical roles required of the private sector in actualising the Sustainable Development Goals (SDGs) and the Paris Agreement now enjoy some clarity and as such businesses would need to incorporate environmental and social factors into their operations and activities.
He stated that the Facts Behind the Sustainability Report platform was designed to “mainstream the adoption of sustainability reporting amongst listed companies so as to increase the availability of decision-useful ESG data that investors can utilize in making investment decisions.”
The NGX chief said to encourage others, it was necessary to “celebrate companies that have demonstrated leadership in sustainability reporting by leveraging the NGX Facts Behind Sustainability Report platform for good reason.”
“Our commendation goes to the Boards and Executive Management of Courteville Business Solutions Plc, Dangote Cement Plc, Flour Mills of Nigeria Plc, Lafarge Africa Plc and Seplat Energy Plc who have leveraged the Facts Behind the Sustainability Report platform since the platform was launched in 2019”, he added.
Mr Popoola reaffirmed NGX’s commitment to fostering the growth of long-term sustainable finance, toward combatting climate change and environmental concerns across Africa as well as upscaling its platforms to advance sustainable development in new ways that reflect the risks and opportunities presented by climate change and the SDGs.
In his remarks, the Country CEO, Lafarge Africa Plc, Mr Khaled El Dokani, who was represented by Lolu Akinyemi, Chief Finance Officer and Executive Director, highlighted some strategies deployed by Lafarge Africa towards providing sustainable building solutions, creating a zero-waste initiative, implementing sustainable manufacturing, utilizing renewable energy and deploying rail transportation for distribution of products to end-users, thereby reducing carbon emissions.
“We are at the forefront of demonstrating sustainable behaviour at Lafarge Africa Plc,” he said.
On his part, the CEO of Dangote Cement, Mr Michel Puchercos, also represented by Mr Guillaume Moyen, Group Financial Officer, stressed the need for collective efforts in prioritising the environment.
As for the Group Managing Director of Courteville Business Solutions, Dr Adebola Akindele, he discussed initiatives embarked on to align his organisation with the SDG goals, such as setting up a social capital management team that trains stakeholders on sustainable business practices, workplace diversity, and cultural background and language. He further suggested the introduction of active carbon trading equipment for motorists to regulate vehicular carbon emissions.
Additionally, Mr Omoboyede Olusanya, GMD/CEO of Flour Mills of Nigeria Plc, represented by Mr Sadiq Usman, Director, Group Strategy & Stakeholder Relations, identified initiatives embarked on by his company that promote sustainable supply chain management, where operations have been aligned with product sustainability themes.
“Beyond installing capacity banks, sustainability initiatives around recycling to save N250 million in product packaging have been introduced to our operations,” he said.
