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Dangote Cement headlines NSE’s maiden sustainability report
Dangote Cement was chosen by the Nigerian Stock Exchange to headline the maiden edition of the Facts behind the Sustainability Report. Olakunle Alake, Chief Operating Officer of the Dangote Industries joins CNBC Africa’s Esther Awoniyi from the floor of the NSE to discuss the significance of this report.
Fri, 31 May 2019 08:11:18 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Dangote Cement's sustainability report is structured around seven key pillars, showcasing its commitment to financial, operational, institutional, cultural, environmental, economic, and social sustainability.
- Sustainability is a core part of Dangote Cement's business strategy, driving innovation and promoting a more sustainable future for Nigeria and the continent.
- The company's success in promoting sustainability internally, with support from top-level governance and engagement of internal stakeholders, sets a benchmark for other companies to follow.
Dangote Cement, Nigeria's leading cement producer, was chosen by the Nigerian Stock Exchange (NSE) to headline the maiden edition of the 'Facts behind the Sustainability Report'. In an exclusive interview with CNBC Africa's Esther Awoniyi, Olakunle Alake, Chief Operating Officer of Dangote Industries, shed light on the significance of this report. Alake highlighted the company's commitment to sustainability and the efforts made to embed and operationalize sustainability across the business.
The sustainability report produced by Dangote Cement is Global Reporting Initiative (GRI) compliant, externally assured, and structured around seven key pillars. These pillars include financial sustainability, operational sustainability, institutional sustainability, cultural sustainability, environmental sustainability, economic impact sustainability, and social impact sustainability. By focusing on these pillars, Dangote Cement aims to showcase its commitment to not only growth and profitability but also its role in transforming the continent through sustainable business practices.
Alake emphasized that sustainability is at the core of Dangote Cement's business strategy. The company measures its impact beyond the bottom line, considering factors such as societal, economic, and environmental implications of its operations. By aligning its business practices with sustainability goals, Dangote Cement is not only driving innovation but also contributing to a more sustainable future for Nigeria and the continent.
One of the key aspects of Dangote Cement's sustainability approach is the involvement of internal stakeholders across various departments. From marketing initiatives like extended producer responsibility to finance-driven carbon credit projects and employee volunteering programs, the company has successfully integrated sustainability into its day-to-day operations. Alake highlighted the importance of transparency and data-driven decision-making in sustainability reporting, as it allows Dangote Cement to track and communicate its non-financial impact effectively.
When asked about the challenges of promoting sustainability within the company, Alake shared that Dangote Cement received support from top-level governance, with a dedicated board committee focusing on sustainability issues. The company has successfully engaged employees at all levels, from senior executives to department heads and country managers, in driving the sustainability agenda. In addition to internal stakeholders, Dangote Cement is now looking to expand its sustainability initiatives to external stakeholders in the future.
In conclusion, Dangote Cement's leadership in sustainability reporting sets a benchmark for other companies in Nigeria and across the continent. By prioritizing sustainability across its business operations and engaging both internal and external stakeholders, Dangote Cement is not only driving positive change but also inspiring others to embrace sustainability as a core business principle.
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