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Thursday, February 18,
2021 / 09:30AM / Sahara Group / Header Image Credit:
Energy Conglomerate, Sahara Group has
released its 2019 Sustainability Report which reflects its commitment to
achieving its corporate goals and creating shared value for stakeholders
through economic development, protection of the environment and building a
sustainable society.
Tagged 'Transformative
Innovation', the report highlights how Sahara continues to leverage
innovation and technology in achieving its corporate goals and sustainability
ambitions across its businesses in Africa, Asia, Europe, and the Middle East.
Director, Governance and
Sustainability, Sahara Group, Pearl Uzokwe, said the Group had continued to
foster partnerships and initiatives that have co-created a desirable future
through innovation.
Uzokwe said: "We have aligned our
business operations within our entities with the demands and expectations of
our changing world - digitization - which in turn increases our competitive
advantage for sustainable growth. Beyond measuring our performance in numbers
and outcome, we have raised our lever of sustainability excellence by
committing to more strategic partnerships and setting targets to achieve
sustainable development from the micro to global scale."
She said Sahara had aligned its
operations and processes in furtherance of the urgent global transition to
cleaner energy and low-carbon solutions. *Sahara entered an MoU with the United
Nations Development Programme in 2019 to provide access to affordable and
sustainable energy in sub-Saharan Africa. This is in line with UN Sustainable
Development Goal 7. During the year, we were pivotal to the success of the
United Nations Private Sector Advisory Group (PSAG) and joined hands with other
stakeholders in advancing the mission of the African Influencers for
Development (AI4Dev), World Economic Forum's Partnering Against Corruption
Initiative (PACI) and other institutions in providing a better quality of life
to the world."
According to Uzokwe, Sahara launched
its Green Life Initiative in 2019 in line with its commitment to fostering
sustainable environments via the protection of the environment, promotion of a
circular economy and recycling of waste within and outside our business. "Among
other activities, we established a Recycling Exchange Hub in the Ijora Oloye
community and executed upcycling vocational training for the conversion of
tyres to usable products. In delivering more environmentally friendly fuels, we
committed to complying with the African Refiners & Distributors Association
(ARA) standards - the only pan-African organization for the African downstream
oil sector - in 2019, as we expanded our investment in the supply of cleaner
energy in the form of gas, particularly LPG" she added.
Sahara is a foremost provider of
Liquefied Petroleum Gas (LPG) in Africa through West Africa Gas Limited, a
joint venture with the Nigerian National Petroleum Corporation (NNPC). WAGL
operates two 38,000 cbm LPG vessels, MT Africa Gas and Sahara Gas that are
driving LPG access, security, and stability in Africa. Both vessels have
supplied approximately 500,000 MT of LPG across regional markets since their
acquisition in 2017.
Sahara Group's 2019 Sustainability
Report reflects its economic, social, and environmental activities from January
1 to December 31, 2019. The report is the energy conglomerate's fifth
sustainability report, and the fourth report written in line with the GRI
standard. The 2019 Sustainability Report has been organized and presented in
accordance with the Sustainability Reporting Standards of the Global Reporting
Initiative (GRI). The guidelines seek to achieve consistency amongst
corporations reporting on their sustainability activities,
Please click on the link to access the
Sahara Group 2019 Sustainability Report: http://bit.ly/Sahara2019Report
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