–Reinforces Commitment To ESG Leadership And Impact
News Highlights:
- MTN Nigeria Releases 2024 Sustainability Report, Showcasing Leadership in ESG Compliance and Early Adoption of IFRS Standards.
- Company Reports Tangible Progress in ESG Performance and Community Impact.
MTN Nigeria Communications Plc, Nigeria’s leading telecommunications provider, has announced the release of its 2024 Sustainability Report, Digital TimesNG reports.
Now in its sixth consecutive year, the Report underscores MTN Nigeria’s continued commitment to sustainability, transparency, and shared value creation through strategic ESG integration and responsible business practices.
Notably, this 2024 edition, its second consecutive sustainability report as early adopters of the IFRS Sustainability Disclosure Standards (IFRS S1 and S2), well ahead of the mandatory compliance deadline, further cements MTN Nigeria’s pioneering status and ongoing commitment to the early adoption of IFRS.
The Report also reflects adherence to other key global and local frameworks, including the GRI Standards, SASB, UN Global Compact Principles, NGX Sustainability Disclosure Guidelines, the Securities and Exchange Commission’s Sustainable Finance Principles, and the Nigerian Code of Corporate Governance (NCCG) issued by the Financial Reporting Council of Nigeria (FRC), positioning MTN Nigeria as a model for sustainability disclosure in emerging markets.
“We are proud to once again demonstrate our resolve to operate responsibly, innovate for inclusive progress, and lead the conversation around sustainability in the telecommunications space,” said Dr. Karl Toriola, Chief Executive Officer of MTN Nigeria.
“Sustainability is at the core of our strategy, and our 2024 Sustainability Report demonstrates how we are strengthening our business resilience, mitigating risks, and unlocking opportunities for long-term value creation. From expanding our network footprint to achieve 93% coverage to reducing our Scope 1 and 2 emissions by 11% compared to the 2021 baseline, we are making tangible progress.
“We have increased female representation in our workforce to 41.4%, empowered local businesses by directing 59.6% of our spend to local suppliers in the year, contributed N764 billion in taxes and levies to support national development, and invested N3.5 billion in Corporate Social Investment initiatives, positively impacting over 663,300 lives. These efforts reflect our unwavering dedication to long-term value creation and building a more connected, sustainable future.”
“We believe in Doing for Tomorrow, Today,” added Tobe Okigbo, Chief Corporate Services and Sustainability Officer. “Our focus remains clear—embedding ESG across our business ecosystem, empowering our people, and aligning our strategy to deliver measurable, net-positive outcomes.
“This commitment is reflected in our improved sustainability performance metrics, including a CDP rating of ‘B-’ for Climate Change, a ‘C’ for Water Security, and a strong ESG GPS sustainability rating of 3.6 out of 4.0 from Risk Insights. We maintained our position as top Telco in Net Promoter Score, and our stakeholder trust was reinforced with a 79% Reputation Index—well above our benchmark.
“During the year, we also launched West Africa’s first eco-friendly SIM cards and provided a platform for driving innovative, long-term solutions to Nigeria’s pressing environmental challenges through the Nigeria PachiPanda Challenge.”
MTN Nigeria remains at the forefront of sustainable innovation, inclusion, and governance excellence. Sustainability is embedded in our corporate philosophy. We believe that everyone should have access to the benefits of a modern connected life – leveraging resources to drive positive outcomes and deliver shared value for all stakeholders.