Energy Conglomerate, Sahara Group, has released its 2019 Sustainability Report which reflected its commitment to creating shared value for stakeholders through economic development, protection of the environment and building a sustainable society.
The report tagged: “Transformative Innovation” was released by the Director, Governance and Sustainability, Sahara Group, Mrs Pearl Uzokwe on Wednesday in Lagos.
Uzokwe said the report highlighted how the firm 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.
She said the group had continued to foster partnerships and initiatives which had 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 – digitisation – 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.
Uzokwe said “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).
“We 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,” she said.
According to Uzokwe, Sahara inaugurated 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,” she said.
Uzokwe also reiterated the firm’s commitment to environmental sustainability and compliance with the African Refiners and Distributors Association (ARA) standards – the only pan-African organisation for the African downstream oil sector.