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Ten Nigerian Organisations Set Benchmark for Consistent, Impact-Driven Sustainability Reporting Leadership

October 28, 2025
By Sustainable Stories Africa
Ten Nigerian Organisations Set Benchmark for Consistent, Impact-Driven Sustainability Reporting Leadership
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Over the past decade, Sustainability Reporting in Nigeria has rapidly evolved, shifting from a compliance exercise to a driver of corporate credibility and long-term financial value.

Companies such as Airtel, Aradel, Dangote Cement, IHS Towers, Julius Berger, MTN Nigeria, Sahara Group, Seplat, Stanbic IBTC, and Unilever have set a new pace by producing consecutive annual sustainability reports from 2022 to 2024.

Their disclosures, which encompass both global standards and local regulations, offer consistency, contrasting with efforts found elsewhere in the private sector.

These ten companies’ reports come at a critical time. In 2024, sustainable finance topped $5.8 trillion globally, with markets and investors now demanding rigorous, verified disclosures.

For Nigeria, this marks the beginning of a dynamic “reporting imperative.” These leading companies demonstrate that robust transparency on environmental, social, and governance (ESG) risks is not just good practice, but an integral part of gaining market trust, social license to operate, community value, and regulatory alignment.

As Nigeria faces mounting challenges from climate shocks, social inequality, and global market volatility, the companies featured in this spotlight show how bold, quantifiable action is possible. Through cleaner energy, resilient infrastructure, inclusive stakeholder engagement, and deep local alliances, they are demonstrating that reporting isn’t just a matter of compliance; it is an engine for meaningful, measurable progress.

 

 

Airtel Africa

YearSDGs ReportedMateriality & StrategySustainable SpendPartnerships & CollaborationsReach / ImpactMajor Projects & InitiativesFuture CommitmentsOther Key Notes
2022SDG 4, 5, 8, 9, 10, 12Single materiality assessment: 24 topics, 18 high-priority; 4-pillar strategyNot fully disclosed; UNICEF 5-yr $57m partnershipUNICEF (school connectivity), UNGC, GSMA, JAC, American Tower14 countries, 134.7m customers; 48.6m data users; 29.7m Airtel Money users; 50.6% rural, 598m footprintISO 27001/22301 cert; VoLTE, rural expansion, water projects, digital centre KiberaNet zero 2050, lithium battery by 2040, 40% fibre by 2030Scope 1+2: 115,719 tCO2e; 30,149 sites; Board Sustainability Committee
2023Double materiality; top: data security, inclusion, quality, supply chain$2.3m+; ongoing UNICEF partnershipUNICEF (1,200 schools), ATC, Stockholm Inst., JAC, COP28144m+ customers, expanded digital & financial inclusion, 921 rural sitesVoLTE commercialization, SmartCash, PCI DSS/ISO recert, Nxtra, lithium battery rolloutNet zero 2050, Scope 1+2 intensity reduction, ISO 14001Scope 1+2: 114,842 tCO2e, 34,500 infra sites, 22.3% on fibre
2024GSMA/GRI/TCFD-aligned, board risk/oversight, external assurance$1.95m (infra/services), $1.4m to UNICEF; 1,200 schools, 1.7m kidsUNICEF, ATC, Stockholm Inst., JAC, COP28152.7m customers (+13.4%), 64.4m data (+17.8%), 38m Airtel Money (+20.7%)5G RAN PoC, Nxtra launch, PCI DSS/ISO, lithium install, 99.3% hazardous recyclingNet zero 2050, Scope 1+2 –62% by 2032, GSMA ESG, procurementScope 1+2: 128,503 tCO2e, Board/Audit Risk governs
  • Airtel Sustainability Report 2024 cover
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Key Notes: Education access scaled up (1,200 schools/1.7million children in 2024); gender/diversity improvements; region-leading circularity; energy upgrades and strong board ESG integration.

 

 

 

Aradel Holdings

YearSDGs ReportedMateriality & GovernanceSustainability SpendKey PartnershipsPeople/Communities ReachedMajor ProjectsFuture CommitmentsAdditional Notes
2022SDGs 1, 3, 4, 6, 7, 8, 9, 11, 14, 15Four pillars: economic, social, governance, environment; Board/CEO oversight₦313.3m (bursaries, PHC, health, infra, flood)MURALI Trust, sectoral, academic orgs100 bursaries, infra/water/health projects, all host communities8+ infra projects, town halls, roads, waterContinue ISO 14001, zero spills, reduce impact99% local sourcing, 16.4m HSE man-hours zero fatality
2023SDGs 1, 3, 4, 6, 7, 8, 9, 11, 14, 15Formalising, Board of governance, ISO 14001, systemsNot itemised; 3% OPEX to MURALI, water, infraMURALI Trust, gov, renewables6+ host communities, 60+ youth elderly, infraPHC upgrades, skills, securityScale renewables, deeper digitisation734k HSE hours, 241 staff, 99.24% local contracts
2024SDGs 1, 3, 4, 7, 8, 9, 11, 14Subsidiary boards, KPIs, AI-based; ISO 14001/9001Not consolidated; ongoing health/conservationWorld Bank GGR Partnership, local orgs120 trained youth, 500+ stakeholders, all hostSolar mini-grids, roads, and conservationFlaring out by Q4 2025, ISO 27001/IFRS S1/S2AI cut energy 22%, 96.44% local sourcing, low attrition
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Key Notes: Zero fatalities (2022–24); AI reduced refinery energy 22%; flaring phase-out (2025); aggressive digitisation; HSE best practice; strong community inclusion.

 

Dangote Cement

YearSDGs ReportedMateriality & ESG FocusSustainability SpendPartnershipsImpact/ReachKey Projects/KPIsFuture CommitmentsNotes
2022All SDGs focus on the 7-pillar pathStakeholder review: climate, safety, gov., GHG, waste priority₦1.648bn social (+1.65bn total); ₦496bn ProcurementUNGC, GCCA, KPMG, government27,450 trainees, 763 engagements, 169 grievances, >100k green jobs71 comm. projects; AF system25% TSR by 2025, sustain embed across pillarsScope 1: 17.7m tCO2, 15% women in senior mgmt
2023UN SDGs, climate/circularity, diversity, healthMat. review: decarb, HSE, inclusion+social spend YoY, more procurementCommunity MoUs, sector partnersUp workforce/diversity, pan-African projectsTree planting, 70+ projects, inclusive policiesAF, CNG, digitalisation, net zero, inclusionLower CO2, higher diversion, best EBITDA
2024UN SDGs, climate/circular at coreDigital ESG checks, diversity, and inclusion₦12.4bn social investment (+427%)MAN, World Bank, CDP, diversity groups12,155 employees, 55,030t waste, 101% GT intakeCNG, volunteer, KPIs649kg/t CO2, zero fatality, record ESG awardsWaste diversion +36%; new disability policy

 

  • Dangote Cement 2024 Sustainability Report Cover
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Key Notes: Social investment quadrupled; waste diversion soared; sectoral governance, innovation, and safety earned top industry recognition.

 

 

 

IHS Towers

YearSDGs ReportedMateriality & ESG FocusSustainability Spend (USD)PartnershipsReachProjects DeliveredFuture CommitmentsNotes
20229 core SDGs: 4,5,7,8,1613-priority ESG topics, GRI/board$7.5m (80% edu/community, +6%)UNICEF Giga, UNGC~770m people, 485 solar sites196 (education, community, env)50% emission cut (2030), solar, stakeholder ESGZero fatality staff; Board-level ESG
20239 SDGs (education, climate-focused)13 ESG topics, supplier ESG diligence$7.0m (–7%), +$29m since ’17UNICEF, STEM, supplier ESG788m, 5,200 STEM, 601 solar186 projectsProject Green, STEM, renewable, supplier R&DZero fatality; $103m green invest
20249 SDGs, more on water/sanitationInclusivity, emissions/energy, risk board$8.2m (+17%), 93% to educationUNICEF, END Fund, NSSF, Cote d’Ivoire projects644m (exits trimmed), 623 solar, 109 women health194 projects (health, STEM, water, recycling)AI, renewables, emissions, inclusionZero fatality, AI/ESG, 27% women, 33% directors
  • IHS 2024 Sustainability Report Cover
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Key Notes: $209m green investments; 600+ solar rural sites; education/employment amplification; global recognition for board ESG and risk.

 

 

Julius Berger Nigeria

YearSDGs ReportedMateriality & ESG StructureSustainability Spend (₦)PartnershipsPeople/Communities ReachedMajor ProjectsFuture CommitmentsNoteworthy Additions
2022SDGs mapped to all pillars; emphasis on SDG 4, 5 (STEM scholarships)Stakeholder-driven, 28 topics; governance at Board level507m (Education: 256.9m, Philanthropy: 142.1m, Community Dev: 98.4m)UNGC, NLNG Bonny, FOCI-GIZ, HIV Trust Fund86 female engineering scholars, 330 cashew farmers, thousands via water/health/educationSecond Niger Bridge, Lagos-Shagamu, cancer centre, hospitals, CSR infraSmart/energy buildings, green concrete, circular economy, 5% workforce disability by 2025150bn procurement (95% local), 97m staff dev, LTIFR 0.24, >10k staff
2023SDGs 3,5,6,7,8,9,10,11,12,13,15,16,17; materiality mapped & updatedRevalidated matrix, four ESG pillars, stakeholder engagement505m (education, community dev, health incl. 10 child surgeries)Federal Medical Centre Jabi, ABU cold recycling, EcoVadis, UNGC>10,000 employees (94% Nigerian), 202k+ training hours, 150 female STEM recipientsBodo-Bonny, Opebi-Mende, NUPRC HQ green building, cold recyclingSolar scale-up, emission/resource data, circular economy, HR digitisation, female inclusion157bn local procurement (90%), LTIFR 0.11 (-54%), 84,199t CO2 baseline
2024All business-linked SDGs; ISSB alignment, GRI/IFRS reporting prepsStakeholder-driven matrix (16 issues), ESG supplier screenings (227 environmental, 204 social)555m (Education: 137m, Community Dev: 312m, Philanthropy: 102m)IFC EDGE green building, NCF tree planting, Army housing, KNOSK School21 employees with disability, thousands via projects, 10 orphanages, 5,000 treesGbagada ICU, science labs, community roads, housing, sanitation, military campsFormal Scope 1/2 targets, solar/renewable scale, recycling expansion, supplier ESG trainingRevenue +25.6% (557bn), LTIFR <1 (14 yrs), 204bn (90%) local procurement
  • Julius Berger Sustainability Report 2024 page 001
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Key Notes: Local procurement consistently above 90%; LTIFR improvement of 54% (2023); 14-year safety record; pioneering green building certifications; comprehensive supplier ESG screening.

 

 

 

MTN Nigeria

YearSDGs ReportedMateriality & ESG StructureSustainable Spend (NGN)Partnerships & CollabsPeople/Communities ReachedMajor Initiatives/ProjectsFuture CommitmentsAdditional Notes
2022SDGs (digital inclusion, education, health, climate), Paris AgreementStakeholder-driven materiality, Seven-Pillars framework, GRI/SASB1.8bn (Foundation: 25.7bn cum.), capex: 504.3bnUNGC, NGX, NCCG, MoMo PSB, broad ecosystem778 rural sites, 87.9% broadband, 15m MoMo users, >77m connected778 rural sites, 588 5G sites, Foundation CSI projects (edu, health, women)Net zero 2040, 50/50 gender by 2030, ISSB transition25% Scope 1+2 CO₂ cut (2022), 36% women, 2.0tr revenue, 725.3bn taxes
2023SDGs 2,3,4,5,6,7,8,9,10,11,12,13,16,17Updated matrix (third-party reviewed), Seven-Pillars, SESCO2.6bn CSI, expanding community impactIFRS S1/S2 early adopters, FRC ARWG, ISSB TIG, Sightsavers90+ communities, 89.8% broadband, 912 solar rural sites, 5.3m MoMo912 solar rural sites, ICT labs, teacher fellowships, health programs95% broadband target 2025, 15m Ayoba, 30-40m wallets, net zero 2040Scope 1+2: 98,716 tCO2e (-10.3% vs '21); industry-best NPS
2024SDGs full mapping, IFRS S1/S2, GRI, ISSB, NGX, SEC, SASB, UNGCRefreshed assessment, Board review, Seven-Pillars matrix3.5bn CSI (cum. 31.9bn), increased strategic spendWWF, NCF, MoMo, SESCO, PachiPanda Challenge6.2 million positively impacted; 31,828 in 1,500+ financial sessions194 new rural sites, PachiPanda climate challenge, Project GreenCycle (wastewater)Project Zero net zero 2040, ISSA 5000 assurance, XBRL digital filingScope 1+2: 101,300 tCO2e (11% below '21), 90.1% broadband
  • MTN N Igeria Sustainability Report 2024 page 001
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Key Insights: First Nigerian 5G operator; Project Zero delivering consistent emission reductions; PachiPanda climate entrepreneurship; top CDP/ESG scores; XBRL digital reporting pioneer.

 

 

 

Sahara Group

Sahara Group

YearSDGs ReportedMateriality & ESG StructureSustainable SpendPartnerships & CollaborationsPeople/Communities ReachedMajor Projects/InitiativesFuture CommitmentsNoteworthy Details
2022SDGs (7, 8, 13, 17, all mapped via GRI)Multi-stakeholder materiality; 4 pillars: Governance, Planet, People, Prosperity>₦5bn committed to clean energy projectsUNDP Impact Fund, NCF, WEF, OECD, ARDA, Sahara Foundation30 Impact Fund fellows, access to energy programs, hundreds to thousands servedAccess to Energy, school renos, Go-Recycling expansion, Ajoki 24hr powerNet zero 2060, no gas flaring at Asharami after 2025, deepen renewables5,000+ staff, 3m LTI-free hours, workforce diversity, circularity
2023SDGs: WEF metrics, energy transition, circularity, biodiversity, health, educationBoard-level ESG platform, "Collective Pathway for Inclusivity" matrixMulti-billion spend on renewables, Go-Recycling, infra, educationTreedom reforestation, LSETF, Wecyclers, GE, UNILAG, COP28Power to Ajoki, >11,000 UNILAG students, 1mn households sector-wideGo-Recycling hubs, solar, safety academy, reforestation, community upgradesNet zero 2060, ISSB/GRI reporting, scale Go-Recycling, renewables3m LTI-free hrs, 2,000 trees/sequestration, ISO 14001/20400
2024SDGs across all pillars, GRI, ISSB, sector frameworksStakeholder-driven, peer benchmarking, 25 priority topics₦43.5m to waste collectors; ₦499m capex for environmental systemsTreedom (16,100 trees), Wecyclers/LSETF (12 recycling hubs), UNILAG>3mn via health, 58,000 direct, 80,000+ indirect; 1,000+ waste collectors13 PCSR projects, 12 recycling hubs Lagos, solar for police stations30% emissions cut by 2030, net zero 2060, Ajoki expansion210tkg waste diverted, 16,100 trees planted, zero env. violations
  • Sahara Group Sustainability Report 2024 page 001
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Key Notes: Massive reforestation (16,100 trees, 2024); Go-Recycling scaled to 12 Lagos hubs; net-zero pathway with 2030 milestones; 87.7% African workforce; 40% female new hires.

 

Seplat Energy

YearSDGs ReportedMateriality & ESG StructureSustainable Spend & InvestmentPartnerships & CollaborationsPeople/Communities ReachedMajor Initiatives & ProjectsFuture CommitmentsNoteworthy Details
2022SDGs 3, 4, 7, 8, 13, 17; GRI, TCFD, UNGC AdvancedFormal GRI Oil & Gas assessment; climate, OHS, human rights, biodiversity core risksNo consolidated CSR; Host Communities Trust (3% OPEX)UNGC Advanced, NGIC, ANOH Gas Processing JV271 teachers trained; 682 schools PEARLs; 378 scholarships; 461 surgeries, 10,185 treatmentsPEARLs Quiz, STEP, Eye Can See, youth/teacher training, renewable pilotsEnd routine flaring 2024; ISO 14001 by 2024; scale renewables, Tree4LifeFirst African ISO 55001 cert; 30m LTI-free hours; 11% flared gas reduction
2023SDGs 3, 4, 7, 8, 13, 17; GRI, SASB, IFRS S1/S2 adoption25 material topics: climate, ecology, water/waste, critical risk, OHS, human capital₦10m CSI, 41.5m decarbonisation, 5.7m flaring reductionFour Host Community Development Trusts, UNGC, ANOH JV, Tree4Life429 surgeries, 6,482 glasses; 357 STEP teachers; 510 schools, 57,875 studentsEye Can See outreach, PEARLs/STEP expansion, youth seed funding, 8 institutions solarizedEnd routine flaring/methane by 2025; 70% Scope 1/2 cut; net zero 205010.6m LTI-free hours; revenue $1.061bn; 94% staff retention
2024SDGs 3, 4, 7, 8, 13, 15, 16, 17; IFRS S1/S2, GRI G11, SASBISSB-aligned process, 11 material issues; ethics/transparency, OHS/security top priorityProgram-level spend (74.4m staff benefits, 76% local procurement)Edo State Tree4Life, DELTA Hospital, Sapele Eye Centre, women suppliers4,681 surgeries; 53,644 glasses; 703 schools, 61,390 students; 138 home/business minigridSapele Eye Centre commissioning, four solar STEAM labs, youth energy apprenticeships100,000 trees 2025 toward 1m goal; scale minigrids; Mobil integration$1.116bn revenue; 91.4m dividends; 280 investor meetings; 76% local procurement
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Key Notes: Tree4Life targets 1 million trees; Sapele Eye Centre (70 surgeries daily); mini-grid pilots; IFRS S1/S2 early adoption; 94% staff retention; top social impact awards.

 

 

Stanbic IBTC

YearSDGs ReportedMateriality & ESG StructureSustainable Spend/InvestmentPartnerships & CollabsPeople/Communities ReachedMajor Projects/InitiativesFuture CommitmentsAdditional Notes
2022UN SDGs, Paris Agreement, AU Agenda 2063, PRB, Nigerian PrinciplesStakeholder-driven, risk-integrated, 4-pillar materiality; SEE impact focus₦160m (employee CSI), ₦185.96m (donations); 48.08bn sustainable investmentsPRB, Equator, NCF, AfDB, BII, Nigerian Football Federation929,176 Ease wallets; 9,285 agent banks; 7,000 SME training; >329,000 via CSI38 employee CSI projects; Together4ALimb (10 children), SME/health lendingNet zero: facilities 2030, operations 2040, portfolio 2050; expand solar branches13.95t waste recycled, 30 board/management gender parity, 20 solar branches
2023All 17 SDGs, GRI, NSBP, NGX, SECDouble materiality with climate, ecology, water/waste, HSS, DEI, supply chain₦826m CSI; 98.66bn bonds/notes, 10bn sustainable loans; 32,200 treesNCF, Montane Forest, Impact Investors Foundation, COP2810 million impacted by CSI; 100 Together4ALimb kids; 200 scholars; 1,000+ SMEsEnterprise Academy, school upgrades, Blue Blossom women SMEs, community clinicsNet zero: facilities 2030, operations 2040, portfolio 2050; expand solar to 35AAA Fitch, 98bn bonds, 2.76bn women businesses; trending positive LTIFR
2024SDGs/ISSB/IFRS S1/S2, NSBP, NGX, SEC; SDG-targeted finance/inclusivenessBoard-led, updated materiality, climate/social inclusion, regulatory innovation₦958m CSI; 57bn sustainable bonds; 173bn sustainable loans; 9.14bn women-ownedLBS Sustainable Summit, NCF, FinDev Canada, women/FinTech platforms6.2 million positively impacted; 31,828 in 1,500+ financial sessions; 200t waste recycledECSI volunteer/CSI, Together4ALimb, Blue Blossom (10,951 new women SME accounts)SEC approval ISSB voluntary adoption 2025; scale loans/GSS, gender/SME finance62,180 trees (target met); 56 solar-hybrid sites (40% operations); ZERO breach
  • Stanbic IBTC Sustainability Report 2024 page 001
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Key Notes: Net-zero roadmap (facilities 2030/operations 2040/portfolio 2050); IFRS S1/S2 prep with FRC approval; 100k tree planting across Nigeria; millions reached annually via financial inclusion; Together4ALimb reached 100 children; strong, sustainable finance growth.

 

 

 

Unilever Nigeria

YearSDGs ReportedMateriality & ESG StructureSustainable Spend & InvestmentPartnerships & CollaborationsPeople/Communities ReachedMajor Initiatives/ProjectsFuture CommitmentsNoteworthy Details
2022SDGs via UNGC, GRI, NSE, mapped to climate, waste, nutrition, health, inclusionAnnual stakeholder assessment, Compass Strategy, multi-level committee oversightNo single figure; includes social investment, R&D, local procurement, packaging innovationWecyclers (plastics), Unstereotype Alliance, UNICEF, local suppliersMillions of households, >1,000 suppliers, thousands farmers, 1,240 employeesOral health (Pepsodent), packaging innovation, inclusion/disability workshops, water/sanitationNet zero pathway, 5% workforce disability inclusion by 2025, expanded local contentStrong ethics/governance, active Speak-Up hotline, responsible advertising
2023SDGs via GRI, UNGC, NSE, SEC, Compass Strategy mapped to 7 SDGsStakeholder-driven annual reassessment, 16 topics, 10 high-impactNotable: $2M grant to Wecyclers, significant skills/women's empowerment investmentWecyclers, UNICEF Future-X/FUCAP, Shakti 13,000 women, micro-entrepreneur program700,000 youth empowered (planned); 500+ internships; 622 employees (45% management women)Plastics circularity, Shakti women's program, FUCAP youth employability; major local sourcingScale Shakti/womens outreach, deeper youth engagement, ongoing plastics reclamationCentenary milestone, zero discrimination, continuous feedback loop, strong gender ratio
2024SDGs via IFRS S1/S2, SASB, GRI, UNGC; pillars: Climate, Plastics, Nature, LivelihoodsRobust annual matrix (16 issues), stakeholder engagement and risk oversightHighlights: 13,490 women (Shakti), 296,934 youth skilled, 49,469 CV clinicsUNICEF Future-X, Wecyclers (13,000t plastic), circularity projects, local input >50%9M+ children (oral health), 10,000+ farmer families, 2.1M school pupils, 296,934 youthShakti micro-entrepreneurship, plastics collection, regenerative sourcing, product innovationNet zero 2039, Scope 3 GHG cuts 2030, living wage, end plastic pollutionRenewable energy scale, IFRS/GRI/SASB/UNGC reporting, >50% local input
  • Unilever Sustainability Report 2024 page 001
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Key Notes: $2M+ invested in Wecyclers, achieving 13,000+ tons of plastic recovery; Shakti program reached 13,490 women; 9M+ children via oral health campaigns; net-zero 2039 with Scope 3 cuts by 2030; leading local content (>50%).

 

 

Nigeria’s corporate sustainability landscape is being reshaped by ten pioneering companies, which are proving that transparent, year-on-year reporting builds both investor confidence and measurable progress. From Airtel’s rural connectivity drive to Dangote Cement’s circular waste innovations, Sahara Group’s reforestation efforts, and Unilever’s plastics recovery initiatives, their work showcases how embedding ESG at the core of business strategy drives impact across industries.

Their discipline demonstrates that sustainability reporting is more than a regulatory task; it is a lever for accountability, innovation, and competitiveness. By publishing three consecutive years of reports, these firms are not only complying with standards but also anticipating shifts in markets and global investor demands, positioning themselves ahead of policy requirements.

As Nigeria’s regulatory frameworks, guided by the Financial Reporting Council, move toward stricter timelines, these leaders provide a playbook for others. By aligning global best practices with local realities, they are building resilience, trust, and pathways for inclusive growth across Africa’s largest economy.

. It is important to note that none of the organisations listed have solicited their inclusion.

While this list aims to be comprehensive, it is by no means exhaustive; numerous other companies have published their two-year 2022 and 2023 reports, e.g., FirstHoldCo, but have yet to release their 2024 reports. Whilst some have published their 2023 and 2024 reports, we were unable to access their 2022 reports, e.g., Zenith Bank.

Once we get access to the other 2024 reports, we will update our story in line with standard best practices in the Media Industry.

This compilation is exclusive to SSA and could be updated periodically to reflect changes through the inclusion of new organisations. We will appreciate your feedback to help us improve our storytelling from an African Perspective.

Also, kindly note that this compilation is in no specific order of ranking in any way, form, and/or format. 

 

 

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