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Seplat Energy achieves ISO 26000 endorsement on social responsibility
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Seplat Energy Plc, leading Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has achieved the ISO 26000 endorsement, which is a major milestone that reinforces the Company’s commitment to social responsibility.
The Company’s ISO 26000 journey commenced in September 2021 and was concluded in 2023. The two-year journey culminated in the recognition of Seplat Energy’s efforts to operate in a socially responsible way, respecting society, the environment, and the communities in which it operates.
Commenting on this feat, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, said: “We recognise that social responsibility is integral to our business strategy and essential for long-term success. This recognition has intensified our commitment to create value in the communities where we operate through high-impact corporate social initiatives.”
Mr. Brown commended all the teams and persons within and outside of Seplat Energy that had contributed to the realization of the ISO 26000 feat whilst assuring all stakeholders of the company’s commitment to sustainability.
“Sustainability is at the heart of our business. The two-year journey to this certification has been well worth it and it shows our unwavering commitment to sustainability. For us at Seplat Energy, we will continue to set higher standards and continue to work towards their realization.
The Unveiling of the ISO 26000 Social Responsibility Guidance Management Self-Declaration by Seplat Energy was done in conjunction with International Network for Corporate Social Responsibility (INCSR), an international team of Corporate Sustainability and Responsibility (CS&R) Consultants and Corporate Human Rights Advocates working to promote best practices in sub-Saharan Africa.
Commenting on the achievement by Seplat Energy, the President/Lead Consultant, INCSR, Mr. Eustace Onuegbu, said: “The ISO 26000 certification is a detailed and meticulous process. It is a strategic management system that cuts across all business functions including business relationships. It therefore reflects the true picture of the company and the hard work put in to achieve it. Seplat Energy is only the second company to achieve this certification.”
In the same vein, the Chief Operating Officer, Seplat Energy, Mr. Samson Ezugworie, reiterated that: “This milestone is a landmark achievement and launches Seplat Energy into the global league of social responsibility. The achievement is a testament to the way we relate with staff in terms of labour practices; it reflects the way we comply with regulations, environmental stewardship and our dealing with stakeholders. Our goal is to sustain the milestone.”
The Director, External Affairs and Social Performance, Seplat Energy, Mrs. Chioma Afe, said: “Social responsibility is part of out strategy; so, getting endorsed further verifies and validates that we truly live our strategy, givenall the work that the company has put in over the years.”
Also commenting, the Managing Director, Seplat West Ltd, Mr. Ayodele Olatunde, explained that: “ISO 26000 certification is a major milestone that serves as an assurance of Seplat Energy’s commitment to sustainable corporate social investment, accountability, ethical behaviour, compliance, respect for stakeholders, our people, governance and labour practices. Seplat will continue to build on this achievement, engage stakeholders and deliver increased value”.
Seplat Energy leadership is highly committed to implementing an effective organisational governance system, and therefore has recognised the principles of social responsibility in line with Clause 4 of ISO 26000 in the decision-making, organisational culture, operations, and all business relationships.
These principles are accountability, transparency, ethical behaviour, respect for stakeholder interests, respect for the rule of law, respect for international norms of behaviour and respect for human rights. Importantly, Seplat Energy has a due diligence approach for addressing the issues of social responsibility.
ISO 26000 SR Guidance Standard requires organisations to integrate social responsibility and sustainability core subjects in all operations and business relationships as well as their sphere of influence. The Company, therefore, recognises ISO 26000 Social Responsibility Guidance Management as a reference document on a holistic approach based on the seven core subjects in Clause 6 of the Guidance Standard – Organizational Governance, Human Rights, Labour Practices, the Environment, Fair Operating Practices, Consumer Issues, and Community Involvement and Development.
News
Access Bank Appoints Uche Orji as Independent Non-Executive Director
Access Bank Appoints Uche Orji as Independent Non-Executive Director
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).
This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.
Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.
He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.
Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.
He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.
Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:
“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.
We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.
His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.
On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”
News
Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit
Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.
The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.
Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.
Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.
According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.
Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.
Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.
She further encouraged them to apply for the loans initiated by the government as done by students in other countries.
The Speaker requested the students to formally send their complaints in written forms to the House for action.
News
EFCC Tasks Corps Members on Corruption
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
EFCC Tasks Corps Members on Corruption
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.
He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.
Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”
The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.
Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”
While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”
“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.
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