Flour Mills of Nigeria Plc (FMN), Nigeria’s leading food and agro-allied group has released its 2020/2021 Sustainability Report titled: “Nourishing Sustainably Today, for Tomorrow”.
The report details the Group’s accomplishments in strengthening its commitment to sustainability. 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.
Commenting on the Report, Mr. Boye Olusanya, the Group Managing Director, said “The publication of our sustainability efforts is a demonstration of our commitment towards embedding sustainability as a core business agenda. As one of the largest food and agro-allied businesses in Nigeria, we recognize 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’’.
Also highlighted in the report is the Group’s commitment to continuous expansion of operational sites and its capacity to support the development of Nigeria’s food and agro-allied sector while fostering shared value creation. Its responsible Farm-To-Table practices highlights the Group’s investment in product quality and process innovation.
In the 2021/2022 sustainability report, the Group’s flour extraction saw a performance 78%, which exceeds the global average of 76% clearly reflecting FMN’s investment and corresponding progress on improved product quality and process innovation. In the area of local content development, a key part of the Group’s sustainability efforts was also demonstrated in its deployment of innovation in wheat production which aggregated over 8,000 tonnes of wheat grain in 15 collection points across three (3) Nigerian states.
The group has invested about 3.5 billion Naira on CSR projects which entails donations, and COVID-19 interventions between 2020 and 2021, representing 13.6% of the Group’s Profit after Tax. 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. 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.
All these efforts goes to show that Flour Mills of Nigeria Plc conducts its business operations in a way that maximizes the natural ecosystems while preserving it for the benefit of the present and future generations.
