TheCable

Flour Mills of Nigeria (FMN) has released its 2020/2021 sustainability report reaffirming its commitment to local content development.

In the report titled “Nourishing sustainably today, for tomorrow”, the company detailed its accomplishments in strengthening its commitment to sustainability.

It noted that key sustainability efforts were directed at improving the management of its Environmental, Economic, Social and Governance (EESG) risks as well as adopting intentional and consistent measures capable of meeting both its financial and sustainability goals.

The firm said it will continue the expansion of operational sites and capacity to support the development of Nigeria’s food and agro-allied sector and foster shared value creation.

The highlights of the report include “responsible Farm-To-Table practices highlighting the group’s investment in product quality and process innovation.”

“The group’s flour extraction performance is 78%, which exceeds the global average of 76% clearly reflecting FMN’s investment and corresponding progress on improved product quality and process innovation.

“Local content development is a key part of the group’s sustainability efforts as demonstrated in its deployment of innovation in driving localisation of wheat production, aggregating over 8,000 tonnes of wheat grain in 15 collection points across three (3) Nigerian states.

“Investment of about 3.5 billion Naira on CSR projects, donations, and COVID-19 interventions Between 2020 and 2021, representing 13.6% of the Group’s Profit after Tax. -FMN attained 98% on its customer satisfaction survey within the FMCG industry in Nigeria.

“Driven by the commitment to control carbon footprint and improve energy efficiency of its operations, FMN installed heat recovery systems on some of its sites, saving 488,160GJ worth of energy during the reporting period. Through the YALWA Programme, the Group has invested over 200 million naira in the soybean and maize value chain and created about 10,000 new jobs in Kaduna state.”

Commenting on the report, Boye Olusanya, the group managing director, said the publication of the sustainability report is a demonstration of the firm’s commitment towards embedding sustainability as a core business agenda.

“As one of the largest food and agro-allied businesses in Nigeria, we recognise the critical role we play in driving sustainable socio-economic development in Nigeria. This year’s theme reflects the remarkable strides we have recorded in our commitment towards responsible production and consumption as encapsulated in our purpose of feeding the nation, everyday,” Olusanya said.