Dangote Cement Plc Annual Report 2021 slide image

Dangote Cement Plc Annual Report 2021

Strategic report Stakeholder engagement Engaging our stakeholders is a vital aspect of our sustainability management. By listening to what our stakeholders consider important, we can engage with their key interests proactively, manage risks and opportunities, and set a clear direction to deliver long-term shared value for our Company and communities. To better understand the expectations and perspectives of our stakeholders and to engage in dialogue that is more targeted and solution-oriented, we conduct materiality assessment surveys. Also, we continuously monitor their opinions at several levels including multi-stakeholder initiatives, direct dialogue and through specific platforms on sustainability-related issues. This is to help us share best practices, accelerate change and ensure that we are contributing our utmost to a sustainable future. Our stakeholders include our employees, vendors, distributors and customers, host communities, media, shareholders, investors, governments/regulatory agencies among others. The table below represents our stakeholder engagement grid in 2021. Community engagement We periodically engage our host communities to build a mutually beneficial relationship and partnership. Also, to understand issues that are of utmost concern to them and bring a timely resolution to such issues. More importantly is the need to sustain our social licence to operate and to ensure they understand our strategy, plan or policy regarding sustainable development. In all our host communities, we had a total number of 675 stakeholder engagement activities, 67 social investment projects have been concluded and handed over to the communities. Also, we have several disruptions in the year in review. However, all issues that led to disruption have been accorded utmost attention. Total community stakeholder engagement, community projects and disruption Number of community stakeholder engagements Number of completed community projects Number of social incidents or disruption Number of hours lost to social incidents (host communities disruption or disturbances) 2021 2020 675 596 67 6 30 118 65 Frequency As required Regular As required As required As required Key issues and topics Career growth and development, compensation and benefits, sustainability performance and reporting, equal opportunities for all employees, skill/knowledge development, health and safety, etc. Invoices and payments, products and service quality, health & safety practices, pricing, after sales support and efficiency, ESG practices, etc. Meeting targets, value creation, ensuring production continuity, Credit line, Customer Trucks Empowerment Scheme (CTES), distributors award initiatives Youth employment, social investments, environmental impacts, safety, scholarships, patronage of local vendors and suppliers, impacts on existing infrastructure Governance restructuring, advertisement, public service announcements, social and environmental impacts As required Formal notices, applications, policies and regulations, compliance, tax As required Investments opportunities, loan financing, credit negotiations, interest rates, ESG compliance Monthly, bi-annually, annually Memberships subscriptions, partnerships, policy reviews As required As required Continuous Community development, environmental impacts, social initiatives, partnership for sustainable development Labour laws and regulations, productivity, employees' rights & obligations, safe working conditions, compensations and benefits Quality of leadership, business strategy, financial performance, dividends, corporate governance, board composition, corporate actions, external reporting, ESG compliance Dangote Cement Plc Annual Report 2021 51
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