GHG report — 2023

The organization has established climate-related governance under the oversight of the Board's Risk & Sustainability Committee, which meets quarterly. The Chief Executive Officer is the executive sponsor for climate strategy, with day-to-day execution led by the Head of Sustainability reporting to the COO. In FY2024, climate-related performance metrics (Scope 1 + 2 intensity, supplier data coverage) were formally included in the executive scorecard for the first time.

The organization operates in the Nigerian FMCG sector, where physical climate risks (heat stress on cold-chain infrastructure, flooding of Lagos distribution facilities) and transition risks (carbon pricing under the proposed Nigerian Climate Change Act framework) have been assessed as material. FY2024 Scope 1 + 2 emissions totalled 13,100 tCO2e and Scope 3 totalled 134,700 tCO2e [Based on 32% estimated/imputed data — see Appendix B]. The organization's stated reduction target is 42% by 2030 against a 2024 baseline.

Climate risk identification is integrated into the existing enterprise risk management framework. Physical risk modelling was conducted for the Ikeja factory and three regional distribution centres using IPCC AR6 scenario data. The most material physical risk identified is increased flooding frequency at the Apapa logistics hub. The most material transition risk is rising electricity cost driven by the WAPP grid emission factor pricing.

The organization tracks four primary metrics: total Scope 1 + 2 + 3 emissions (tCO2e), Scope 3 supplier data coverage (% measured), emissions intensity per tonne of product, and total spend on validated emission-reduction projects. FY2024 figures: 147,800 tCO2e total emissions, 68% supplier data measured, intensity of 0.114 tCO2e per tonne product, and ₦240M deployed to reduction projects.