According to the recently announced 2024 CDP results, Dangote Cement Plc (DCP) received a “B” grade for their disclosures regarding water security and climate change. The largest and most complete dataset on environmental action in the world, CDP (previously Carbon Disclosure Project) enables national and regional governments, businesses, cities, and investors to make decisions that benefit the environment.
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Since 2018, Dangote Cement has used the CDP to report their environmental activities on a yearly basis. Companies can report on climate, water security, and forests using the voluntary framework that CDP offers. It thoroughly assesses the environmental performance of corporations, giving them grades ranging from A to D according to their governance, transparency, and quantifiable sustainability initiatives.
Dangote Cement’s water security score of C was raised to B after the corporate ratings were announced in February. In a similar vein, the company’s 2024 climate change score of B also indicated its dedication to promoting a climate resilient future.
Speaking on the new rating, Mr. Arvind Pathak, Managing Director/Chief Executive of Dangote Cement, observed, “Dangote Cement leads in Africa as one of few businesses in six states and regions of Africa to disclose through CDP.” “Ongoing efforts to reduce our carbon footprint, accelerate climate action, and promote sustainability across our business and its value chain” are what led to the 2024 score, he added.
In her remarks, Dr. Igazeuma Okoroba, Head of Sustainability at Dangote Cement, thanked all parties involved for supporting the company’s better rating this year by aligning with the Group’s Environmental, Social, and Governance (ESG) policy, which is supervised by the Board. “The results this year are proof that our efforts to build a world where people, planet, and profit are truly balanced are paying off,” she said.
“Although this year’s score demonstrates our transparency on sustainability, DCP’s goal is to go beyond disclosure and take meaningful action through tangible solutions, innovations, and projects to close the gap between ambition and reality,” Dr. Igazeuma said, reaffirming the company’s commitment to decarbonisation.
With an installed capacity of 45.6Mta in 10 African nations, Dangote Cement Plc is the largest cement producer in sub-Saharan Africa. It runs a fully integrated “quarry-to-customer” business that includes cement manufacturing, sales, and distribution.
With the help of carbon offsets, additional cement materials, energy saving initiatives, and other sustainable practices, the company is on pace to reach its decarbonisation goals.
