124,000 Benefit From Lafarge’s N902bn Social Investment In 2021
The Country Chief Executive Officer of Lafarge Africa Plc, Khaled El Dokani, said the company invested over N902 billion in Corporate Social investment in 2021.
Speaking Tuesday at the Facts Behind the Sustainability Report (FBSR)- an event organised by the Nigerian Exchange Limited NGX virtually, he said 124, 000 beneficiaries were positively impacted in its corporate social investment drive during the year in review.
The Facts Behind the Sustainability Report (FBSR) series is a platform for listed companies to engage critical stakeholders with an in-depth analysis of their sustainability initiatives, including the approach adopted by listed companies in stakeholder engagement, identifying material sustainability issues, and alignment with recent trends in sustainability reporting.
“Lafarge Africa has fully enlisted sustainability as its core value and has continue to be our main driver in strategy and operations. Put company is driven to build progress for people in the planet. Through the reporting year, we remained focus in our ambition and goals to deliver innovative and sustainable solutions while ensuring that we improve our footprint in the Nigerian society,” he said.
Continuing, Dokani noted that, “As an organization we are gradually transitioning from the effects and impact of the COVID-19 pandemic and we have continue to pursue our stead goals and sustainability impacts. With the stewardship of our sustainability performance in 2020 at integrating reporting and this is one of the ways we are demonstrating our commitment to these goals, aligning our financial and non-financial goals.”
He noted that “Climate and energy; secular economy, nature and above all people which are the pillars of Lafarge Africa. To strengthen our footprints, these four pillars must enable us to attain new milestones. And here if you would allow me to demonstrate some of the ways we are building progress in the planet and sustainable pillars through our performance. This is 69 per cent reduction from the previous year. On the secular impact, this model continues to create environmental and social impacts. Over 89000 tonnes of waste were used in 2021.
“On the nature side; Focus on nature is all-encompassing. We are paying attention to water and bio-diversity. In 2021, Lafarge Africa recycled a total of 446,000 meters of water across. Also, 600 hectares of land acquired are rehabilitated into 16,500 seedlings plants
“On the people side, we will continue to partner with people in our host community and beyond.
Over N902 billion was invested in corporate social investment with 124, 000 beneficiaries positively impacted. Our sustainability target enables us to innovate, positively influence, and aim for continuous growth. We are committed to working with all stakeholders to ensure that our journey is progressive and futuristic. I am glad to appreciate the entire board of Lafarge Africa, our Chairman, our stakeholders, and our staff on whose leadership we are improving our environment, social, and governance performance.
The chief executive officer of the NGX, Teni Popoola applied Lafarge for leveraging the Facts Behind the Sustainability Report (FBSR) initiated by the NGX.
According to Popoola, the FBSR was created to build transparency and assist investors to make the right choices.
“Companies that adopt sustainability practices are better positioned to protect their brands from environmental and social risk. The NGX encourages the practice of ESG reporting by listed companies.
“We launched the Facts Behind the Sustainability Report (FBSR)- among listed companies to improve ESG to enable investors to make informed decisions and provide a network platform for sustainability professionals and the investment community and improve transparency.
“recommend Lafarge Africa for leveraging this platform on informing capital market stakeholders about their ESG performance. I would Al’s like to commend the executive management team of Lafarge Africa Plc for its leadership in advancing sustainability in the industrial Goods sector.
“As part of our celebration of the 2923 world environment Day NGX celebrated listed companies which have leveraged the Facts Behind the Sustainability Report (FBSR)-and I I’m pleased to say Lafarge Africa was one of the companies.”