Leading Fast-Moving Consumer Goods (FMCG) Company Flour Mills of Nigeria (FMN) Plc is the first FMCG firm to join the Africa Business Leaders Coalition (ABLC) to combat climate change.
This was said in a statement released by Mr. Boye Olusanya, Group Managing Director of FMN, on Wednesday in Lagos.
Olusanya claimed that the action was a part of the company’s intentional efforts to integrate climate change into all aspects of its corporate operations.
Through the integration of comprehensive viewpoints from African Chief Executive Officers (CEOs) into the international discussion on climate change, the ABLC is a coalition dedicated to sustainable development and aggressive climate action.
The CEOs of 55 African companies, representing more than $150 billion in annual revenue and more than 900,000 employees in 50 African nations, make up the ABLC.
Olusanya highlighted the important pledges made by the ABLC to carry out the objectives of the Paris Agreement and promote Africa’s transformation into a prosperous continent with possibilities for future generations.
He said that the business was aware of the climate emergency and its disproportionate effects on the continent of Africa’s agricultural systems and food security.
According to him, this increased the need for increased action from all stakeholders to address the effects of climate change.
“Also, as a responsible corporation with a significant footprint in the food and agro-allied value chain, the group believes that the private sector has a critical role to play in addressing climate change impacts.
“FMN is, therefore, committed to building more sustainable and resilient agricultural systems to reduce the adverse impact of climate change on food security.
“For FMN, membership of the ABLC is significant because climate action is critical to addressing the key issues facing the African continent such as food insecurity, water scarcity, and displacement of lives and livelihoods.
“These have been worsened by climate impacts, hence an integrated, consistent, and collaborative approach is required from relevant stakeholders to manage the risks and opportunities associated with climate change.
“The ABLC presents a viable platform to elevate the voice of African private sector and bring African perspectives to global conversations on climate change and pathways to a just transition,” he said.
He pointed out that FMN has been leading sustainable development for more than 60 years and has continued to make large investments in the creation of local content.
In order to advance our sustainability initiatives in Nigeria and across the African continent, he said, the group must work in collaboration with pertinent stakeholders and partners.
“It is on this mandate that FMN became the first FMCG Company in Nigeria to join the ABLC to fight climate change impacts on the African continent,” he said.
