Our Institutional Pillar supports our drive to build a worldclass institution centred around good corporate governance, proactive risk management and sustainability principles that promote legal and regulatory compliance, transparency, integrity, business continuity and purpose driven leadership. Our approach to corporate governance essentially involves balancing our business interests with those of our valued stakeholders, which include shareholders, employees, customers, suppliers, financiers, governments, and host communities.
In 2019, as a reflection of our commitment to improving our ESG performance, sustainability governance at Dangote Cement received a boost, with the emergence of the Sustainability and Technical Board Committee chaired by Sir Michael Davies.
This Committee reports to the full DCP Board and is mandated to ensure that we effectively discharge our sustainability responsibilities across the 7 Pillars in all functions.
Our stakeholders’ concerns and interests are very important considerations in making our everyday and strategic business decisions. Our stakeholder engagements are designed to recognise material issues, and to collect and respond appropriately to feedbacks. Through effective pre-planning, we are able to identify the most suitable engagement strategies for each stakeholder category.
We employ variety of engagement channels to interact with and capture the views of our stakeholders, such as staff meetings and surveys, Annual General Meetings, vendor engagement sessions, customer feedbacks, market activations and community engagement sessions.
The most notable amongst these is the Annual ESG Surveys and Materiality Assessment” in which diverse stakeholders are engaged. The surveys help to capture the views and concerns of critical stakeholders. We continue to identify and address issues that potentially put strain on our relationships with key stakeholders, while valuing their useful feedbacks which ensure that we consistently understand and respond to their concerns and interests.
In 2019 and 2020, Dangote Cement won the SERAS Award for ;
Overall Winner (First Runner Up, Africa)