By Dipo Olowookere
The quintet made up of Lafarge Africa, Dangote Cement, Seplat Energy, Flour Mills of Nigeria and Courteville Business Solutions has been praised by the Nigerian Exchange (NGX) Limited for demonstrating leadership in sustainability reporting.
According to the managing director of the exchange, Mr. Temi Popoola, the quintuple used the exchange’s Facts Behind the Sustainability Report platform to promote transparency in environmental, social and governance (ESG) disclosures by presenting performance and reports. of durability. .
Speaking at the closing ceremony of the digital gong hosted by NGX on Thursday to celebrate the themed World Environment Day 2022 One EarthMr. Popoola called on companies to adopt sustainable business practices and report their sustainability performance to stakeholders to promote inclusiveness in economic and societal transformation initiatives.
In his opening remarks, he noted that the essential roles required of the private sector in the actualization of the Sustainable Development Goals (SDGs) and the Paris Agreement now enjoy some clarity and that, as such , companies should integrate environmental and social factors into their operations and activities. .
He said the Facts Behind the Sustainability Report platform was designed to “widen the adoption of sustainability reporting among listed companies to increase the availability of decision-useful ESG data that investors can use to make investment decisions.
The NGX chief said that to encourage others, it was necessary to “celebrate the companies that have shown leadership in sustainability reporting by leveraging the NGX Facts Behind Sustainability Report platform for good reason.” .
“Our congratulations go to the boards and senior 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 its launch in 2019.” he added.
Mr. Popoola reaffirmed NGX’s commitment to driving long-term sustainable finance growth, tackling climate change and environmental concerns across Africa as well as developing 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 CEO of Lafarge Africa Plc, Mr. Khaled El Dokani, who was represented by Lolu Akinyemi, Chief Financial Officer and Executive Director, highlighted some strategies deployed by Lafarge Africa to provide sustainable building solutions, creating a zero initiative waste, implementing sustainable manufacturing, using renewable energy and deploying rail transport for the distribution of products to end users, thereby reducing carbon emissions.
“We are at the forefront of demonstrating sustainable behavior at Lafarge Africa Plc,” he said.
For his part, the CEO of Dangote Cement, Mr. Michel Puchercos, also represented by Mr. Guillaume Moyen, the Group’s Chief Financial Officer, stressed the need for collective efforts to prioritize the environment.
As for the Managing Director of the Courteville Business Solutions Group, Dr Adebola Akindele, he spoke of the initiatives launched to align his organization with the objectives of the SDGs, such as the establishment of a social capital management team which trains the parties stakeholders to sustainable business practices, diversity in the workplace and cultural background and language. He further suggested the introduction of active carbon exchange equipment for motorists to regulate carbon emissions from vehicles.
In addition, Mr. Omoboyede Olusanya, GMD/CEO of Flour Mills of Nigeria Plc, represented by Mr. Sadiq Usman, Director, Group Strategy and Stakeholder Relations, identified initiatives launched by his company that promote sustainable management supply chain, where operations have been aligned with product sustainability themes.
“Beyond installing capacity banks, sustainability initiatives around recycling to save N250 million on product packaging have been introduced in our operations,” he said.