Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Friendliness
• Safety
• Diversity & Inclusion
• Corporate Social Responsibility
• Corporate Governance

Environmental Achievements

• Periodic environmental audits to monitor significant environmental aspects of operations and implement controls to minimize or eliminate adverse environmental impact.
• Use of modern technology and expertise to reduce environmental pollution.
• Conservation of resources in a cost-effective manner.
• Proper disposal or recycling of waste.
• Assessment of the adverse impact of raw materials or new products on both humans and the environment.

Social Achievements

• Commitment to providing employment for people with physical challenges.
• Policy on managing diversity that recognizes differences among employees and harnesses these differences to create a productive environment.
• Internal initiatives to support diversity and inclusion.
• Fully funded and comprehensive health policy covering employees and their dependents.
• In-house clinic staffed by qualified personnel and regular health and wellness talks for employees.
• Highly subsidized meals served in a hygienically maintained canteen.
• Donations to various beneficiaries (Lagos State Environmental Protection Agency, Modupe Cole Memorial Childcare, Old People's home, SOS Children's Village).

Governance Achievements

• Compliance with the Securities and Exchange Commission (SEC) issued Code of Corporate Governance for public companies, listing rules of the Nigerian Stock Exchange and the Nigerian Code of Corporate Governance (NCCG).
• Establishment of Board Committees (Finance & General Purpose, Establishment, Remuneration & Governance, Audit, Strategy & Risk Management, Statutory Audit Committee).
• Annual Board evaluation.
• Whistle-blowing procedure.
• Code of Ethics.
• Securities Trading policy.
• No regulatory infractions recorded for the 2019 financial year.

Climate Goals & Targets

Environmental Challenges

• Increasingly harsh business environment with unconducive conditions for business, increasing tax requirements, and dwindling consumer spending.
• Impact of the COVID-19 pandemic on production capacity and business operations, leading to a severe and continuing adverse impact and anticipated severe recession post-pandemic.

Mitigation Strategies

• Transformation initiatives to ensure efficiency in business operations and improvement in service delivery.
• Capacity building in organizational agility and resilience with significant investment in human capital.
• Complete re-engineering of the Company's operational systems.
• Completion of a new state-of-the-art automated factory to increase production capacity and enhance product quality.
• Cautious and prudent approach to liquidity and working capital preservation.
• Review of business continuity systems to ensure ability to continue production and business operations when faced with similar situations in the future.
• Migration to cloud-based technology platforms for seamless maintenance of administrative business continuity during lockdown.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Nigerian Code of Corporate Governance (NCCG), Securities and Exchange Commission (SEC) Code of Corporate Governance

Certifications: ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Wellbeing
• Diversity
• Corporate Governance

Environmental Achievements

• Conduct periodic environmental audit to monitor significant environmental aspects of operations and put in place controls to minimize or eliminate their adverse impact on the environment
• Comply with all environmental laws and strive to minimize environmental impact associated with activities through the use of modern technology and expertise to reduce environmental pollution, conservation of resources in a cost effective manner, proper disposal or recycle of waste, and assessment of the adverse impact of raw materials or new products on both humans and the environment
• Awarded ISO 9001:2015 certification

Social Achievements

• Company’s policy on managing diversity recognizes that there are differences among employees and that harnessing these differences create a productive environment in which everyone feels valued, their talents utilized and organizational goals met.
• Created an enabling environment where patterns of thinking are nurtured as a way of developing our employees as agents of change.
• Committed to providing employment for people with physical challenges who are able to work.
• Does not permit direct or indirect discrimination against any employee on the grounds of ethnicity, nationality, sex, sexual orientation, disability, religion, marital status or age.
• Encourages equal opportunities as a human resources policy and in dealing with human resources issues, we encourage equity, fair play, learning, quality of life, ethical operations among others.
• Partnership, representation and dialogue are encouraged through staff associations.
• Talent Management Policy and the Technical Sales Trainee Scheme are examples of a commitment to continuous development of the skills and abilities of employees in order to maximize their contribution.
• Fully funded and comprehensive health policy that covers not only members of the Berger family but their dependents as well, under a comprehensive plan with approved Health Management Organisations (HMO).
• In-house clinic staffed by qualified personnel and conduct regular health and wellness talks for employees.
• Compliant with the provisions of the revised Pension Reform Act, 2014.
• Highly subsidized meals served in a hygienically maintained canteen.

Governance Achievements

• Whistleblowing Policy is displayed throughout our premises and on our website.
• Conducts its business with integrity and diligence and with total consideration for the interest of the shareholders and other stakeholders.
• Ensures that its existence and operations remain within the law and its employees are required to comply with the laws and regulations of Nigeria.
• Code of Ethics which is publicly available and subscribed to by directors, staff and contractors.
• Strives to comply with all laws and regulations, including post-listing requirements of the Nigerian Stock Exchange and the Rules and Regulations of the Securities and Exchange Commission, as well as the Code of Corporate Governance.
• Returns were made periodically to the relevant regulatory authorities as and when due.
• Board met six (6) times in 2020.
• Board appointment process is guided by an ethical and transparent process in line with best practices and extant regulations.
• Board Establishment, Remuneration and Governance Committee is saddled with the responsibility of identifying, considering and recommending potential directors to the Board.
• Directors have the opportunity to attend programs, relating to governance and business practices, as part of their continuing education.
• All directors attended trainings on Corporate Governance and Managing Post-Covid/Post Endsars and deteriorating security framework for the Board of Berger Paints Nigeria Plc and Training on “Re-Evaluating Strategy & Financial Leadership”.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001:2015

Third-party Assurance: KPMG Professional Services

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Safety
• Environment
• Wellbeing
• Diversity

Environmental Achievements

• Conducts periodic environmental audits to monitor significant environmental aspects of operations and implement controls to minimize or eliminate adverse environmental impact.
• Complies with all environmental laws and strives to minimize environmental impact through the use of modern technology, resource conservation, proper waste disposal or recycling, and assessment of raw material impacts on humans and the environment.
• Awarded ISO 9001:2015 certification.

Social Achievements

• Maintains cordial relationships with shareholders and stakeholders.
• Committed to providing employment for people with physical challenges (though none were employed in 2021).
• Has policies on HIV/AIDS and other serious diseases to reduce unrealistic fears.
• Fully compliant with the provisions of the revised Pension Reform Act, 2014.
• Provides highly subsidized meals for staff.
• Has a policy on managing diversity to create a productive environment.

Governance Achievements

• Board met seven times in 2021.
• Board appointment process is ethical and transparent.
• Directors attended induction programs and training on understanding the business.
• Board committees (Finance & General Purpose, Establishment, Remuneration & Governance, and Audit, Strategy & Risk Management) were in operation.
• Effective internal audit function and risk management control and compliance system.
• Whistleblowing policy in place and displayed throughout premises and on website.
• Company ensures compliance with all laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001:2015

Third-party Assurance: KPMG Professional Services

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Health and Safety
• Decent Work
• Corporate Social Responsibility

Environmental Achievements

• Championing a paperless work environment
• Using low energy bulbs to reduce power consumption
• Including flow switch in water system to regulate water usage
• Effective water treatment plant for paint effluents
• Developing environmentally friendly products

Social Achievements

• Zero fatalities and zero environmental spills in occupational safety
• Heavily subsidized healthy meals served in an in-house canteen
• Robust policy on decent work with fair and equitable terms and conditions of employment
• Encouraging equal opportunities and diversity
• Fully funded and comprehensive health policy covering employees and dependents
• Regular health and wellness talks for employees
• Compliance with the revised Pension Reform Act, 2014
• Repainting surgical ward of Lagos University Teaching Hospital (LUTH), Lagos State University Teaching Hospital (LASUTH) and donation of paints to Obafemi Awolowo University (OAU)

Governance Achievements

• Compliance with SEC Code of Corporate Governance and NGX Listing Rules
• Established an Enterprise Risk Management Framework
• Effective internal audit function
• Whistle-blowing procedure ensuring anonymity
• No regulatory infractions recorded in 2022
• Board diversity with a majority female board

Climate Goals & Targets

Environmental Challenges

• Scarcity of foreign exchange for imported raw materials
• Inflation
• Low purchasing power of customers
• Lack of adequate standardization in the Nigerian paint manufacturing industry leading to influx of cheap substandard products

Mitigation Strategies

• Implementing plans to lock down prices of raw materials over longer production cycles
• Enhancing sales approach for critical need products
• Campaigning for industry standardization
• Internationally revalidating product safety levels

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Nigerian SEC Corporate Governance Guidelines 2018, Nigerian Code of Corporate Governance (NCCG) 2018

Certifications: ISO 9001:2015

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through environmentally friendly practices, decent work policies, and community investments.

Sustainable Products & Innovation

• Environmentally friendly products

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS