Leading
African energy and infrastructure conglomerate, Sahara Group has
reinforced its commitment to sustaining its growth and expansion across
global markets through diversification, collaboration and innovation
The
energy giant which currently has operations in over 13 countries across
four continents, made this assertion in its second Sustainability Report
tagged: “Sustainability Through Synergy.
The
Report which highlights activities in 2016 within Sahara Group’s Power,
upstream, downstream, midstream and infrastructure divisions was
presented in accordance with the Sustainability Reporting Standards of
the Global Reporting Initiative (GRI).
According
to Executive Director and Co-founder Sahara Group, Tonye Cole, the
report reaffirms the organisation’s commitment to transparency and
business integrity.
“We
are delighted to be leading the charge for a paradigm shift that aligns
business reporting in Africa with global best practice. Sahara continues
to demonstrate how businesses can grow from humble beginnings to become
conglomerates through diversification, collaboration, innovation and
resilience. The Sahara story, since we commenced business in 2016 has
been driven by creativity and an endless passion for daring the
impossible,” he said.
He
added: “The 2016 sustainability report covers critical aspects of our
business and we believe such reports are required to safeguard the
future of African businesses and enhance their competitiveness
globally.”
Notable
highlights in the report include key investments and innovation in the
power sector, where Sahara Group has emerged as one of the largest
privately owned power institutions in Sub-Saharan Africa. The report
also highlights the adoption of a Supply Chain Efficiency strategy that
is expected to drive synergy, growth and sustainability of its
businesses across the entire energy value chain.
In
addition to providing information on the various business divisions, the
report also sheds light on Sahara Group’s core values, people, economic
performance, stakeholder engagement, health and safety records as well
as the activities of Sahara Foundation – the Group’s corporate
responsibility vehicle.
Sahara
Foundation which hitherto had implemented several projects in Health,
Education, Capacity Building, and the Environment, adopted the
extrapreneurship platform in 2016 to enable it empower more
beneficiaries through shared platforms.
The
report captures the admission of Sahara Group into the Vanguard Board of
the World Economic Forum Partnering Against Corruption Initiative
(PACI). The Board is responsible for developing strategies for designing
corruption out of countries and regions through various initiatives.
Sahara
Group is currently working on a new initiative with the PACI community
towards helping to Rebuild Trust and Integrity in Businesses with a
major focus on Nigeria and Africa as a whole.
In
line with its membership of the Private Sector Advisory Group of the
United Nations Sustainable Development Goals Fund (SDGF), Sahara has
been working with various partners to promote the implementation of the
17 SDGs of the United Nations.
Sahara
Group is partnering with the SDGF, The Kaduna State Government and
other agencies of the United Nations, on project “Food Africa” which
seeks to empower young farmers, eradicate poverty, provide employment,
reduce wastage and improve sustainable food production in Nigeria. The
plan is to replicate the project across the continent.
Intended
for regional and global audiences, including regulators, stakeholders,
financial service providers, multi-lateral institutions, civil
societies, customers, the media and the general public, the Sahara Group
sustainability report is available for download via the media section
of its website, www.sahara-group.com and its social media platforms.
The report:
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