Sameer Africa PLC
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainability
- Corporate Social Responsibility
- Environmental Stewardship
- Ethical Governance
Environmental Achievements
- Achieved carbon neutrality by effectively managing Scope 1 and Scope 2 emissions.
- Incorporating green building practices in new projects.
Social Achievements
- Entry-level wages are set at 165% above the minimum wage.
- Commitment to responsible tax practices (Ksh 130.6 million in income tax paid).
Governance Achievements
- Strong corporate governance practices promoting transparency and accountability.
- Established a whistle-blowing policy.
Climate Goals & Targets
Environmental Challenges
- Illicit trade and dumping in the tyre industry.
- Supply chain disruptions in the tyre-trading sector.
- Fire incident leading to loss in rental income.
Mitigation Strategies
- Detailed review of the tyre-trading segment with key stakeholders.
- Planning for expansion of industrial real estate portfolio.
- Infill project at Mombasa Road complex (commencing in second half of 2023).
- Sale of undeveloped leasehold land to fund infill project and retire debt.