The Nigerian Exchange Limited (NGX) has commended the management of the Lafarge Africa Plc for taking a leadership in sustainability reporting.
Speaking at Lafarge Africa Plc, virtual presentation of its 2020 Sustainability Report to investors and the general public at the Nigeria Stock Exchange, Mr Temi Popoola, Chief Executive Officer, NGX, said Lafarge Africa becomes one of the few leading listed companies who have demonstrated their commitment to adopting Sustainable business practices and transparency in their approach to environmental, social and governance disclosure”.
The report, an annual account of how Lafarge, member of Holcim, the world’s leader in innovative and sustainable building solutions, is building progress for people and the planet in its Nigeria operations while also delivering profit to its shareholders.
Prince Adefioye, the chairman of Lafarge Africa Plc, speaking at the presentation of the facts of the report said; “By deploying innovation we are championing how Nigeria builds better. It is holistic and strategically driven to ensure that we are scaling in reach and impact in the economic and env that further prepare us for the future such as leveraging technology and improving our diversity indicators.”
The Director of Communications, Public Affairs & Sustainable Development, Lafarge Africa Plc, Folashade Ambrose-Medebem, who presented the report, explained that for Lafarge, doing good is doing well, the strong focus on sustainability improves relations with investors, government, communities, and other key stakeholders.
Ambrose-Medebem said “We consider sustainability performance a critical business success factor. Accordingly, we are tracking performance from both the local regulatory and international best practice lenses”. She explained that to produce the Sustainability Report Lafarge “leveraged a rigorous data capturing process fully embedded in the company’s daily operations and in compliance with local requirements”.
Lafarge has adopted the GRI reporting standards, thus putting its use of materials “at the heart of sustainability performance management.” The company also uses the ISAE 3000 standard to validate key indicators while adopting recommendations from the independent management report.
The chairperson of the Board Risk and Ethics Committee of Lafarge Africa Plc board, Mrs. Adenike Ogunlesi, said initiatives such as the recent purchase of Natural powered gas trucks has greatly improved the company’s ESG profile as it is a significant contribution to the company’s net zero agenda. She also noted that Lafarge has trained and employed more than sixty female drivers, thus consolidating its reputation for promoting gender equality.
Also, the Country CEO, Khaled El Dokani reiterated the company’s successes and impact in 2020, expressing particular pride in the creation of a N500 million fund “to compliment government efforts in the fight against COVID-19” which ameliorated the impact of the pandemic in host communities and beyond. El Dokani also noted that Lafarge is investing more in research and development that will enable it to strengthen its commitment to sustainable manufacturing.
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