Dangote Cement Plc Annual Report 2021
Strategic report
Sustainability governance
The Technical and Sustainability Committee of the Board of
Dangote Cement Plc assists the Board and has an oversight
function over matters related to the construction, expansion of
capacity, maintenance and operation of plants and sustainability
of the Group's operations. It is an independent role with
accountability to the Board. It does not assume the functions
of management, which remain the responsibility of the Chief
Executive Officer and other senior executives. The Committee
met four times in 2021 and its composition and attendance are
stated on page 88. Biographical details of each member of the
Committee, including relevant qualifications and experience,
are set out on pages 70 to 75 of this report. Members of the
executive management team are always in attendance at
Committee meetings to provide the necessary information,
support the Committee and give status updates on decisions
from previous meetings.
Institutional standards
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 key
stakeholders, including shareholders, employees, customers,
suppliers, financiers, governments, host communities, and so
on. By adopting the 7-Pillar approach, we ensure sustainability
is ingrained in the way we do business across all departments
and functions. Our sustainability vision, goals and objectives
are driven by the highest level of governance to convey
"tone at the top", and achieve enterprise-wide buy-in and
ownership.
We are building an institution that is governed by values and
ethical norms of behaviour and where quality governance
is flagged as the driver of corporate performance, not just
in financial numbers but also in social and environmental
stewardship.
Operational standards
Dangote Cement conducts its operations following applicable
standards in all countries where we operate. When dealing
with customers, suppliers, competitors or other third parties,
employees shall not undertake any commitment nor engage
in any agreement understood as unlawful. Beyond compliance
with laws and regulations, the Company maintains transparency
when dealing with customers, suppliers, investors, government
agencies or partners. With our integrated approach to sustainable
development, Dangote works to align with the UNGC principles.
We strive to implement the ten principles of the Compact and
apply them to advancing sustainability. Among other local and
global standards, we have adopted in our operations are the GRI
sustainability reporting standards, the Nigeria Exchange Limited
(NGX) Sustainability Disclosure Guidelines and the Global Cement
and Concrete Association (GCCA) Charter.
Product quality and market competitiveness
Our strong commitment to continuous product innovation and
the quality that our products offer are the reasons we enjoy a
strong market share and leadership in Sub-Saharan Africa.
We have constantly deployed the most advanced technology at
plants like Prompt Gamma Neutron Activation Analysis (PGNAA)
for online analysis, robotic laboratory and fully automated central
control room system equipped with Human Machine Interface
technology (HMI). This technology helps us to drive resource
efficiency, process optimisation and mitigate the environmental
footprints of our products while delivering quality products that
meet the needs of our esteemed customers. We also ensure that
all our products and services are consistently tested for quality
assurance and safety.
Our sustainability report has been
prepared in accordance with GRI
Sustainability Reporting Standards,
and validated through external
assurance.
ANNUAL
GENERAL
MEETING
Dangote Cement Plc Annual Report 2021
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