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Guinness Nigeria unveils 2016 sustainability report

By Tope Templer Olaiya
24 February 2017   |   2:40 am
Nigeria’s leading beverage alcohol company, Guinness Nigeria Plc, has released its Sustainability Report for 2016, reporting its performance on various aspects of its operations...

Nigeria’s leading beverage alcohol company, Guinness Nigeria Plc, has released its Sustainability Report for 2016, reporting its performance on various aspects of its operations, while outlining its sustainability targets for the future.

The report was unveiled in Lagos, on Thursday, at a formal ceremony attended by various stakeholder groups and partners such as the Federal Road Safety Corps (FRSC), Lagos Business School, Water Aid, Institute for Industrial technology (IIT) and Diageo’s Global Sustainable Development Director, David Croft, amongst others.

The Sustainability Report, titled Sustainability: From Grain to Glass, is an 87-page report that covers “the goals we set for ourselves every year, stretching targets that will guide us as we work to reduce our negative impact on the environment. We also strive to increase our positive social impact by delivering transformational social investments in communities where we operate.”

Major highlights from the 2016 report include notable social investments in the Guinness Eye Hospitals, the flagship Water of Life scheme and the Undergraduate Scholarship scheme, which has opened doors of opportunity to many young Nigerians.

Guinness Nigeria also continued to make notable economic impact in Nigeria. In the 2016 financial year, the company paid over N16 billion in taxes ranging from VAT, employee taxes, Corporate Income Tax, Excise Duties and other taxes

The Managing Director/ Chief Executive Officer of Guinness Nigeria, Peter Ndegwa, noted that the overarching ambition of the company is to become the best performing, most trusted and respected consumer products company in the world.

He further observed that the attainment of this goal would be futile if a commitment to society is not at the heart of the business.

Also speaking, Diageo’s David Croft, said: “Overall we are proud of the progress made. Guinness Nigeria’s Sustainable Development strategy, which aligns with Diageo’s global strategy is underpinned by three main pillars: leadership in alcohol in society, building thriving communities and reducing environmental impact. Delivering on these goals is an integral part of our long term business strategy and our commitment to making a real difference in communities where we operate.”

Moving forward, the company outlined strategic objectives the attainment of which will put it in better stead to serve its key stakeholders as well as strengthen its corporate reputation and build a sustainable business.

In the area of business performance, the company aims to optimise return on investment for its investors and shareholders through good corporate governance and by implementing the plans that underpin its performance ambition. Product quality will be sustained through unwavering commitment to providing consumers with beverages that meet the highest standard of quality.

Its corporate social investment will remain focused on impacting lives positively while enhancing the wellbeing of host communities. The company will continue to sustain initiatives that promote responsible consumption of alcohol and prevent underage drinking and also ensure strict adherence to the principles of responsible marketing of its beverage brands.