Dangote Cement Plc Releases 2020 Combined Annual and Sustainability Report

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Friday May 07,  2021 / 08:35 PM / by Dangote Cement Plc / Header Image Credit: Dangote Cement Plc          

      

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Dangote Cement Plc is pleased to announce the release of its 2020 Annual Report and Sustainability Report - Resilience and Growth.

 

This year, we have combined our Annual Report and our Sustainability Report. This report is structured around the 7 Sustainability Pillars of what we call "The Dangote Way". The report also focuses on our response to COVID-19 and our export strategy.

 

Our 7 pillars include: 

  1. Cultural Pillar: Here we  discuss employees' growth, training & development practices in 2020. Despite the COVID-19 pandemic, 12,709 employees were trained for 92,999 hours.

 

  1. Economic Pillar: We show our contribution to Africa's long‑term economic development. This includes but is not limited to local procurement, strong dividend payment and contribution to household income. In 2020, we created 41,018 additional direct and indirect jobs in Nigeria, Ethiopia, Senegal, Tanzania and South Africa.

 

  1. Operational Pillar: We outline how our operations have increased cement production across our 10 facilities, whilst maintaining high levels of operational safety and product quality. Group volumes were up 8.6%; Nigerian volumes up 12.9%

 

  1. Social PillarWe discuss our social investments in 2020 focusing on Health and Education, including our COVID-19 interventions. We spent ₦2.85bn on social investment in 2020, up 67%, while $5.8m was spent on protecting our people and communities from COVID-19 in 2020.

 

  1. Environmental Pillar: We have made significant improvement on our environmental performance in terms of energy, water and emissions, and focus on alternative fuel utilisation.

 

  1. Institutional Pillar: We have highlighted our strong corporate governance framework and diverse Board. We have c.20% female representation, 6 different nationalities and 5 independent directors on the Board. Our sustainability report has been prepared in accordance with the GRI Standards: Core option, and validated through external assurance.

 

  1. Financial Pillar: We continue to deliver strong and sustainable returns to shareholders. Earnings were up 37.7% in 2020 compared to 2019.

 

Download Full PDF Report Here


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