Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate and Energy
• Circular Economy
• Nature
• People

Environmental Achievements

• Reduced specific dust emission from 507g/tonne in 2020 to 156g/tonne of cementitious materials in 2021 (69% reduction)
• Launched Green Logistics Initiative with 52 LNG-fuelled trucks (30% less CO2 than fuel oil)
• Used 89,057 tons of waste in operations (25% increase from 2020)
• Alternative energy sources (waste incinerated ash and used tyres) provided 9.4% of energy

Social Achievements

• Invested NGN 2.3 billion in community development initiatives, impacting over 124,886 beneficiaries
• Launched Diamond Club for large volume trade partners
• Launched Lead Retail App ‘Navendor’ for customer order and delivery tracking
• Graduated the first set of certified female truck drivers

Governance Achievements

• Received the Institute of Directors Nigeria Corporate Governance Award
• 47% female representation on the board (significant increase from 40% in 2020)

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacts
• Naira devaluation
• Worsening economic factors
• Dust emissions
• Climate change risks
• Energy transition risks

Mitigation Strategies

• Implemented CO2 emission reduction initiatives (reducing clinker content, increasing alternative fuels, save power strategies)
• Launched Green Logistics Initiative
• Upgraded Electrostatic Precipitator (ESP) to a “Bag House” system
• Invested in solar panels to reduce reliance on fossil fuels
• Implemented cost-cutting alternatives in logistics, fuel, and energy
• Used waste collected by Geocycle function in cement manufacturing (saving NGN 1.1 billion)

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Focus on high market priority areas close to plants
• E-sourcing platform
• Reference checks on prospective suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards for 2016, UN Sustainable Development Goals (SDGs), UN Global Compact (UNGC), Nigerian Exchange Group (NGX) Sustainability Disclosures

Certifications: ISO 14001 (100% of cement plants)

Third-party Assurance: PricewaterhouseCoopers

UN Sustainable Development Goals

• SDG 7
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 13
• SDG 15
• SDG 16
• SDG 17

Initiatives contribute to these goals through various programs and strategies outlined in the report

Sustainable Products & Innovation

• Low-carbon cement products
• Specialized performance concrete solutions

Awards & Recognition

• Institute of Directors Nigeria Corporate Governance Award
• Brand Communicator - Most Consistent Brand in Sustainability
• Gold Award for Customer Service Excellence at the West Africa Innovation Awards
• Recycling Institution of the Year Award at 2021 Africa Clean Up Conference and Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Digital Inclusion
• Financial Inclusion
• Community Development
• Economic Value Creation

Environmental Achievements

• Reduced scope 1 and 2 emissions by 25% compared to 2021
• Reduced total energy consumption by 21.6% compared to 2021

Social Achievements

• Launched MoMo Payment Service Bank (MoMo PSB) in May 2022, increasing active MoMo users by 57.5% to approximately 15 million
• Invested approximately N1.8 billion in corporate social investment (CSI) programs through the MTN Nigeria Foundation
• Increased women's representation in the workforce to 36% (from 34% in 2021), 46% in senior management, and 47% in executive management

Governance Achievements

• Maintained zero tolerance for regulatory non-compliance
• Recognized as one of the most tax-compliant organizations in Nigeria

Climate Goals & Targets

Environmental Challenges

• Global supply chain disruptions due to the war in Ukraine and inflationary pressures
• Destructive flooding in Nigeria affecting 27 states

Mitigation Strategies

• Implemented measures to reduce emissions under Project Zero initiative
• Continued investment in network infrastructure to enhance resilience
• Leveraged innovative services and CSI to create opportunities for individuals and communities

Supply Chain Management

Supplier Audits: 100% of new suppliers screened in 2022

Responsible Procurement

• Global procurement policy (Yellow Book)
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Reporting Standards

Frameworks Used: GRI Standards, SASB, UN SDGs, Nigerian Code of Corporate Governance, NGX Sustainability Disclosure Guidelines, UN Global Compact

Third-party Assurance: Deloitte & Touche (Limited Assurance)

UN Sustainable Development Goals

• SDG 1
• SDG 2
• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 10
• SDG 11
• SDG 13
• SDG 17

Various initiatives aligned with SDGs as detailed in the report

Awards & Recognition

• Most Tax Compliant Company in Nigeria
• Most Compliant Listed Company on the NGX
• Employers Excellence Award
• Telecommunications Company of the Year

Environmental Metrics

ESG Focus Areas

• Environmental Risk Management
• Social Responsibility
• Ethical Business Practices
• Human Rights
• Employee Well-being
• Community Engagement
• Sustainable Business Practices
• Climate Change Mitigation

Environmental Achievements

• Replacing air conditioners with low-energy consuming ones
• Initiatives to reduce energy requirements and manage resources efficiently

Social Achievements

• HR Clinic initiative for one-on-one meetings between HR and employees
• HR open door initiative for feedback and counseling
• Training and development programs with a blended learning approach
• Commitment to a zero-incident work environment
• Focus on creating an engaging and inclusive work environment

Governance Achievements

• Effective Whistle Blowing policies and grievance mechanism policies
• Code of Conduct and Ethics Policy with zero tolerance for corruption
• Ethics Committee ensuring policy communication and compliance
• Anti-Corruption Policies and procedures regularly communicated to employees

Climate Goals & Targets

Environmental Challenges

• Climate change and its potential impact on economic and social well-being
• Managing environmental and social risks

Mitigation Strategies

• Initiatives to reduce energy requirements and manage resources efficiently
• Incorporating sustainability practices in Human Capital
• Assessing, developing, and screening suppliers to ensure sustainability
• Strong focus on Environmental and Social Risk Management

Supply Chain Management

Responsible Procurement

• Assessing, developing, and screening suppliers to ensure sustainability of vendors’ activities and their ability to meet procurement needs and assist them in mitigating social and environmental costs.

Climate-Related Risks & Opportunities