NGX CEO Lauds Lafarge Africa’s Commitment To Sustainability

The Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola, on Thursday commended the board and management of Lafarge Africa Plc for their commitment to adopting sustainable business practices.

Popoola, who spoke during the Facts Behind the Sustainability Report presentation by Lafarge Africa Plc noted “the recent advancements in climate change and the global charge to achieve sustainable development, Environmental, Social and Governance (ESG) factors are increasingly becoming a critical part of the investment decision-making process.”

This, he continued, “clearly highlights the big shift in the global financial industry in favour of sustainable business practices and this trend is most likely to continue at an accelerating pace.”

Also speaking, Chairman of Lafarge Africa, Adebode Adefioye said being a Premium Board member company of NGX, the company understands its “responsibility to corporate governance and sustainability in its entire. Through partnership and advocacy we are driving the agenda doggedly deploying innovation, as well as championing how Nigeria can build better. Our approach is holistic and strategically driven to ensure we are scaling reach and impacting the economic, environmental and social sphere.”

On his part, the company’s Country Chief Executive Officer, Khaled El-Dokani said being a member of the Holcim Group, “the world’s innovative and sustainable building solution provider – has fully enlisted sustainability at its core.

“This has been demonstrated by being one of its corporate values and the underpinning of our business operations. It remains a strategic focus for us as an organisation and its fully expressed in our global corporate positioning, ‘building progress for people and planet.”

In his presentation, the Communication, Public Affairs & Sustainable Development Director, Lafarge Africa Plc, Folashade Ambrose Medebem described the year 2020 as indeed unprecedented.

“Nonetheless, we are geared to deliver greater impact in the coming years. As a member of an organisation operating in 70 markets of the world, we are implementing initiatives that suit our local context, yet deliver value for all. The efforts of Lafarge Africa Sustainability initiatives are driven around the four pillars of its Strategy: Climate and Energy, Circular Economy, Environment and Community. Ours will always be a progressive endeavour towards building progress for people and planet,” she added.

Also speaking, Acting Divisional Head, Business Support Services, NGX Limited, Mrs. Irene Robinson-Ayanwale, said the exchange continues to support listed companies, market, and the entire ecosystem to continue adopting sustainable business practices and grow their competence in Environmental, Social, and Governance (ESG) reporting.

According to her, “our overarching objective is to see more companies approach and embrace sustainability from a knowledge perspective, realizing how much impact and value they are able to create for their respective businesses and stakeholders.”

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