In a pivotal presentation at the Nigeria Exchange Limited, MTN Nigeria Communications Plc shared the Facts Behind the Sustainability Report with stakeholders, outlining the company’s environmental, social, and governance (ESG) milestones and forward-looking strategy for 2024 and beyond.
The Executive Management of MTN Nigeria, led by its CEO, took the stage at exactly 2:30 p.m. to present key highlights from the 2024 Sustainability Report. The report reflects the company’s deepened commitment to sustainable growth, responsible business conduct, and value creation across its ecosystem of stakeholders—ranging from customers and employees to regulators and investors.
In her opening remarks, the Chief Corporate Services Officer emphasized that “sustainability is not an obligation, but a strategy for resilience and long-term impact.” She noted that the 2024 report was crafted in alignment with international reporting frameworks, including the Global Reporting Initiative (GRI), the UN Sustainable Development Goals (SDGs), and Nigeria’s ESG reporting guidelines.
Environmental Focus:
The report highlighted substantial progress in reducing MTN’s carbon footprint. Through enhanced energy efficiency measures, increased reliance on renewable energy, and the adoption of green technologies in base stations, MTN reduced its overall emissions by 18% year-on-year. The company also made strides in responsible e-waste recycling, partnering with local firms to process obsolete telecom equipment.
Social Impact:
MTN Nigeria reaffirmed its role as a force for good, having invested over ₦3 billion in education, healthcare, and digital inclusion initiatives through the MTN Foundation in 2024. The company’s Youth Empowerment Accelerator reached more than 10,000 beneficiaries, and a new gender equity policy was launched to foster diversity across leadership and operational levels.
Governance and Ethics:
On governance, the report detailed robust compliance practices and enhanced risk management systems. The Board of Directors emphasized the importance of transparency, stakeholder engagement, and ethical leadership as cornerstones of MTN’s corporate culture.
During the Q&A session, investors lauded the company for maintaining operational integrity amid macroeconomic challenges. Analysts noted that MTN Nigeria’s ESG performance has become increasingly vital to global investors seeking sustainable opportunities in emerging markets.
As the event drew to a close, MTN Nigeria reiterated its commitment to embedding sustainability into its business DNA. The leadership promised continuous improvement, guided by stakeholder feedback and evolving global expectations.
The Facts Behind the Sustainability Report event was not just a corporate ritual—it was a reaffirmation of MTN Nigeria’s role as a catalyst for digital, economic, and environmental transformation in Africa’s largest market.
Key Takeaways from MTN Nigeria’s 2024 Sustainability Report Presentation:
1. Strategic ESG Alignment:
MTN Nigeria’s 2024 Sustainability Report is aligned with global best practices, including GRI and SDG frameworks, reflecting its commitment to responsible business operations.
2. Environmental Progress:
The company achieved an 18% reduction in carbon emissions and expanded the use of renewable energy and green technologies across its operations.
3. Social Investment:
Over ₦3 billion was invested in community programs, including education, healthcare, and digital inclusion, benefiting thousands of Nigerians through the MTN Foundation.
4. Youth and Gender Empowerment:
More than 10,000 youths were supported through empowerment programs, and a new gender equity policy was implemented to promote inclusivity.
5. Strong Corporate Governance:
MTN Nigeria strengthened compliance and risk management systems, reinforcing ethical business conduct and stakeholder transparency
6. Investor Confidence:
The presentation strengthened investor trust by showcasing how sustainability is embedded in MTN’s growth strategy, even amid economic headwinds.
7. Future Commitment:
MTN pledged to continue evolving its ESG strategy, placing sustainability at the core of its operations to drive inclusive growth and resilience in Nigeria.
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