Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Renewable Energy
• Waste Reduction
• Circular Economy
• Energy Efficiency

Environmental Achievements

• Dangote Cement: 184% increase in co-processed waste as alternative fuel, reduced up to 13kgCO2/tonne cement in scope 1 emissions, 4.8% reduction in water consumption, and 1.89 tonnes of waste recycled.
• Access Bank: 63.4% reduction in CO2 emissions from electricity and 28.8% reduction from diesel.
• MTN Nigeria: 10.9% reduction in Scope 1 and 2 emissions.
• NBC: Working towards 100% recyclable packaging by 2025, invested in recycling infrastructure.
• Seplat Energy: Committed to a 30% reduction in carbon emissions by 2030.
• BUA Group: Invested in waste heat recovery technology, improving energy efficiency.

Social Achievements

• Access Bank: Dedicated 1% of annual profit before tax to sustainability.
• Olam Nigeria: Launched a smart agriculture program improving crop yields and reducing water consumption.
• NBC: “World Without Waste” campaign focusing on recycling.

Governance Achievements

• Access Bank: Became the first African bank to adopt the Principles for Responsible Banking (PRB), and made sustainability reporting a central part of its annual reporting.
• Seplat Energy: Adopted an ESG-focused approach to its operations and introduced regular sustainability reporting.

Climate Goals & Targets

Environmental Challenges

• Infrastructure Deficiencies
• Regulatory and Policy Gaps
• High Costs of Sustainable Solutions

Mitigation Strategies

• Investment in off-grid power solutions (solar)
• Green financing options (loans from Development Bank of Nigeria and Bank of Industry’s renewable energy fund)
• Collaborative efforts between the public and private sectors

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, NSBP (Nigeria Sustainable Banking Principles), Principles for Responsible Banking (PRB)