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NGX approves Julius Berger’s 2023 Sustainability Report

-The company has demonstrated strong commitment to global best practices

-Managing Director: We‘re creating legacies that inspire future generations

Leading listing and trading federal agency, Nigerian Exchange, NGX has approved the 2023 Sustainability Report of Julius Berger Nigeria Plc dealing with qualitative and quantitative information concerning Environmental, Social, Economic and Governance, ESG issues.

Lauding the Report, the NGX described it as in alignment with Global Standards, saying, the report demonstrates a strong commitment to global best practices by aligning with various sustainability benchmarks such as the Nigerian Stock Exchange (NGX) Sustainability Disclosure Guidelines, the United Nations Global Compact (UNGC), and the Sustainable Nut Initiative (SNI).

Stating that the company and its subsidiaries are committed to publishing its sustainability reports annually to provide transparency in reporting and showcase its continuous im­provement, the Report highlighted the company’s commit­ments, progress and achievements towards sustainable and responsible business prac­tices for the reporting period, January 2023 to December 2023. Thus, the 2023 Sustaina­bility Report is meant to serve as a compan­ion piece to Julius Berger’s Annual Report and Financial Statements, which provides a detailed picture of financial performance for the same reporting period.

According to the NGX, Julius Berger did a detailed Materiality Assessment of their business during the period under review saying, the company has conducted a comprehensive materiality assessment to identify and prioritize key ESG issues. This is a best practice as it ensures that the report focuses on the most relevant and impactful topics for both the business and its stakeholders.

Regarding the Governance structure of the company, the NGX stated that the report provided detailed information, including the roles and responsibilities of the highest governance body. This transparency is crucial for accountability and aligns with best practices in governance reporting, the regulating body added.

On Stakeholder Engagement, the Body said Julius Berger successfully outlined various methods of stakeholder engagement, including emails, letters, workshops, and seminars, adding, this demonstrates a commitment to maintaining open lines of communication with al. END

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