Dangote Sugar Refinery Plc. Demonstrates Commitment to Sustainability in Compliance Report

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In its latest report on compliance with the Nigerian Code of Corporate Governance 2018, Dangote Sugar Refinery Plc. showcases its dedication to sustainability, echoing Principle 26 of the code, which emphasizes the importance of addressing sustainability issues for long-term business success and responsible corporate citizenship.

 

The report delves into the company’s adherence to the principles outlined by the Financial Reporting Council of Nigeria, specifically focusing on sustainability practices.

Sustainability Compliance:

i) Board-approved Sustainability Policy: Yes, the company has a Board-approved sustainability policy in place, last reviewed in July 2022.

 

 

ii) Monitoring Compliance: The Board ensures compliance with the sustainability policy by reviewing quarterly reports from management. This mechanism allows for ongoing assessment and adjustment of sustainability initiatives.

 

 

iii) Reporting Compliance: Dangote Sugar Refinery Plc. communicates its compliance with the sustainability policy annually through the inclusion of relevant information in its Annual Report & Financial Statements. This transparent reporting mechanism provides stakeholders with insights into the company’s sustainability efforts and performance.

 

 

iv) Diversity Policy: The company also maintains a Board-approved policy on diversity in the workplace, underlining its commitment to fostering an inclusive and equitable work environment. This policy is integrated into all applicable policies of the Board, ensuring that diversity remains a cornerstone of the company’s operations.

 

 

Through these initiatives, Dangote Sugar Refinery Plc. not only meets regulatory requirements but also demonstrates its proactive approach to sustainability and diversity, aligning its business practices with the broader goals of environmental stewardship, social responsibility, and inclusive growth.


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