In West Africa, Egibin is one of Nigeria’s largest power generating stations, and since its privatisation, its generation capacity grew from an average of 400MW to hit 1,100MW in 2015 for the first time since its inception, the Leadership reported.
The power firm’s report, entitled Building a Sustainable Future is said to be the first of its kind in the country’s power sector.
According to the media, the report highlights Egbin’s current status since its privatisation in 2013; its values and governance model; alignment of the company’s strategy with its commitment to a sustainable global economy; socio-economic and environmental impact of its activities and the roadmap for future plans.
Egbin shows growth
Speaking on the report, the company’s chairman, Kola Adesina, said: “We are delighted to unveil Egbin’s maiden sustainability report as it reinforces our resolve to ensure sustainable growth for the company having achieved major milestones since the new management took over on 1 November 2013.
“Egbin remains committed to working with all stakeholders as we seek to establish Egbin as a foremost industrial hub for economic growth and development.”
Adesina noted that whilst the report covers the period from 1 January to 31 December 2015, references are made to activities from the point of takeover of the plant in 2013, media reported.
“It’s a celebration of our success and recognition of areas where we could have performed better. In addition to reiterating our continuing quest for sustained outstanding performance, it also demonstrates our commitment to transparency and best practice for the benefit of all our stakeholders,”Adesina stated.
Global Reporting Initiative
Media further reported that Egbin’s sustainability report was developed using the Global Reporting Initiative (GRI) framework and provides a metric for measuring the company’s financial and non-financial performance.
The report employs the GRI G4 ‘In Accordance’ Option of the Sustainability Reporting Guidelines and the supplement dedicated to the Electric Utilities sector issued in 2013.
The report includes disclosures on key indicators in areas material to Egbin’s stakeholders including the level and capacity of energy generation, economic performance, workforce diversity, safety report, conservation and biodiversity management as well as strategies targeted at improving performance in these areas.