The CDP, an international non-profit organisation based in
the United Kingdom, which runs the global disclosure system for investors, companies,
cities, states and regions to manage their environmental impacts, explained
that it raised the rating as a result of the Company’s commitment to climate
change.
Dangote Cement said the upgrade clearly illustrated the
progress it has made regarding commitment to transparency and mitigating its
carbon dioxide footprint.
It said it is the only Nigerian entity rated by CDP, stating
that the rating is one of the highest in Sub-Saharan Africa.
Chief Executive Officer of Dangote Cement Plc, Michel Puchercos,
in his response to the development said: “We are pleased to be recognised for
the progress that we are making in our environmental disclosures and
sustainability.
“The CDP rating upgrade clearly illustrates the steps that
Dangote Cement is taking in its commitment to transparency on climate and
environmental issues.”
Puchercos said the cement company is focused on making a
positive difference, which is “why sustainability is at the core of every part
of our business. In addition, our Alternative Fuel Project is at an advanced
stage which aims to leverage waste management solutions, reduce CO2 emissions,
and source material locally. This year, we co-processed 89,000 tonnes of waste
representing a 60% increase over 2020.”
He added that Dangote Cement is focused on sound governance,
saying, “we are leading the way with our commitment to sustainability and best
practices. We are driven by the goal of achieving the highest level of
governance and building a sustainable brand for all stakeholders. Transparency
and consistency are at the core of every part of our business culture.”
Meanwhile, the company has recorded a revenue of N1.38
trillion for the year ended December 31, 2021, compared with N1.03 trillion in
2020.
The company said the revenue is made up of N993.34 billion
from Nigeria, while revenue from across African plants amounted to N397.32
billion.
“Group revenue was N1,383.6 billion for the full year, made
up of N993.34 billion from Nigeria, while revenue from across African plants
was N397.32 billion, in contrast to the group revenue of N1,034.20 billion in
2020, which constituted of N719.95 billion from Nigeria and N318.68 billion
from other African operations”, it said in a statement.
It further reported a gross profit of N538.37 billion and
after tax profit of N364.44 billion, adding that its directors have proposed a
dividend of N20.00 per share.
According to its financials for the full year ended December
31, 2021, group sales volume for Dangote Cement stood at 29.3Mt, with Nigeria
accounting for 18.61Mt, while operations in other countries did 10.86Mt.
Dangote Cement is a subsidiary of Dangote Industries
Limited, a diversified and fully integrated conglomerate as well as a leading
brand across Africa in businesses such as cement, sugar, salt, beverages, and
real estate, with new multi-billion-dollar projects underway in the oil and
gas, petrochemical, fertiliser and agricultural sectors.
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