Dangote Cement Backs Drive for Sustainable Stock Exchange

Prime Real Estate Development At Eko Atlantic CityCement trucks, operated by Dangote Cement Plc, deliver supplies to the construction site for the Eko Atlantic city project, developed by Eko Atlantic, near Victoria island in Lagos, Nigeria, on Friday, Feb. 12, 2016. Eko Atlantic city is an area of land reclaimed from the Atlantic ocean being developed into 10 million square meters of real estate. Photographer: George Osodi/Bloomberg
  • Dangote Cement Backs Drive for Sustainable Stock Exchange

Dangote Cement Plc, the largest listed company on the Nigerian Stock Exchange, has reaffirmed its readiness to support the NSE in its drive towards a sustainable stock exchange and capital market in Nigeria.

“We will continue to collaborate and partner to ensure that this goal is achieved,” the Group Managing Director, Dangote Cement Plc, Mr Joseph Makoju, said on Thursday during the maiden edition of the Facts Behind the Sustainability Report presentation at the NSE.

The FBSR is designed to further promote the adoption of Environmental, Social and Governance practices, reporting, and disclosure and encourage responsible long-term approaches to investment, according to the NSE.

Dangote Cement released its 2018 Sustainability Report at the Exchange on Thursday, outlining its sustainability initiatives, activities and achievements during the 2018 financial year.

Makoju said, “We have identified and are leveraging sustainability to drive regulatory compliance, proactive risk management and building trust and goodwill in the countries, markets and communities where we operate.

“Our 2018 Sustainability Report is highly symbolic as it reflects the seriousness with which sustainability, as part of our core business model, is being taken at Dangote Cement. It also demonstrates our operationalisation of global partnership principles such as the United Nations Global Compact and Sustainable Development Goals, as well as the mainstreaming of sustainability to achieve global priorities such as the Paris Climate Agreement.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: samed@investorsking.com.

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