By Stanley Onyeka, Lagos
MTN Nigeria has announced the awards of a “B-” in Climate Change and a “C” in Water Security by the global Carbon Disclosure Project (CDP).
The teleco said in a statement that these scores underscore its approach to addressing environmental challenges and commitment to transparency in managing climate and water-related risks.
It added that the ratings also reflect the company’s continued efforts to enhance its non-financial disclosures and sustainability reporting, demonstrating accountability and progress in its environmental performance.
Commenting on the CDP scores, Chief Corporate Services and Sustainability Officer, MTN Nigeria, Tobe Okigbo, was quoted as saying: “We are embedding ESG considerations at the core of our operations, in recognition of its critical role in driving long-term value creation for our stakeholders.
“Our commitment to sustainability is reflected in our actions – from reducing energy consumption, improving energy efficiency, and increasing adoption of renewable energy.
“Also, through our Project Zero initiative, we are progressing in our commitment to reducing our GHG emissions and achieving net zero emissions by 2040. Being scored ‘B-‘ in climate change by CDP, a score in the ‘Management’ band is a testament to the progress of our efforts.”
The CDP is a global non-profit that runs the world’s only independent environmental disclosure system.
In 2024, 24,800+ of the world’s largest companies across over 90 countries disclosed information through the CDP’s comprehensive framework for measuring, managing, and disclosing environmental impact, enabling informed decision-making and driving sustainable growth.
MTN said it remains committed to sustainability initiatives by creating shared value for stakeholders through responsible environmental, social and governance practices/solutions.
Our commitment to sustainability is reflected in our actions – from reducing energy consumption, improving energy efficiency, and increasing adoption of renewable energy.
