2021 Sustainability Report | i
01 About This Report
Who We Are
Our Products and Services
Our Chairman’s Statement
Our CEO’s statement
Our Sustainability Strategy
Our Four-Pillar Sustainability Strategy Framework Relationship with Stakeholders
MTN Nigeria and the SDGs
Our Distribution Network
56DOING FOR OUR PLANET Our Partnerships and Memberships Energy Consumption and Climate Change Our Response to Climate Change Environmental Impact Management
- | MTN Nigeria Communications PLC
71 DOING FOR SOCIETY Fostering Inclusive Connectivity Driving Digital Inclusion through ayoba
2021 Sustainability Report | 1
About This Report
Driving Digital Inclusion through the CHASE
Improving Financial Inclusion
Enabling MSME’s Growth and Transformation
Labor Relations and Management
Diversity and Inclusion
Building a learning organization
Training and personal development
Occupational Health and Safety
Customer Health and Safety
87 DOING IT RIGHT
We Embrace Ethics, Risks, and Compliance
We respect human rights
Awards and Recognitions
96 DOING FOR GROWTH
We Contribute Through Tax
We Invest in Infrastructure
We Invest in Communities
106 GRI Content Index
We present the 2021 Sustainability Report of MTN Nigeria Communications Plc. This report provides clear and comprehensive communication of the company’s commitments to positive long-term social, environmental, and economic goals. It discloses the progress and achievements of MTN Nigeria in a wide range of areas, spanning environmental responsibility, social impact, risk management, stakeholder engagements, and other mission-delivery objectives in 2021.
This report presents our robust sustainability commitments. Over and above that, it demonstrates a fundamental transition to pursuing greener and more socially inclusive practices as a central corporate agenda. We also showcase, in this report, significant improvements in how we manage risks, harness new market
opportunities, and establish our sustainability leadership.
We cannot conceivably tackle all sustainability-related challenges, nor address the whole range of environmental, social, and governance (ESG) issues. Hence, our materiality assessment has enabled us to identify topics that are significant to our operations and pertinent to our stakeholders, and we are prioritizing them for action.
This sustainability report is also based on our commitment to the 10 Principles of the United Nations Global Compact (UNGC), which align with our human rights, labour, environment, and anti-corruption responsibilities. Our efforts are also helping the advancement of the Sustainable Development Goals (SDGs) in Nigeria.
2 | MTN Nigeria Communications PLC
2021 Sustainability Report | 3
MTN Nigeria is a subsidiary of
MTN Nigeria is a subsidiary of MTN Group – a pan-African mobile operator which operates in 19 countries in Africa and the Middle East. We are one of Africa’s largest providers of communications services, connecting more than 68 million people in various communities across Nigeria with each other and the world. Our nationwide network coverage, technical capabilities, and innovation has enabled us to maintain our leadership position since our inception in 2001.
This report incorporates several methodologies and indicators from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).
Our sustainability report is a practical, transparent, and effective way of communicating with our stakeholders while also helping them understand the impact of our business on critical sustainability issues such as climate change, social justice, diversity and partnership, among other areas. The report helps us strengthen stakeholder confidence, enhance corporate reputation and maintain our social license to operate.
We developed this report with a focus on our sustainability progress in 2021. We use several indicators included in this report to fulfill our commitment to sharing accurate and transparent communication. Where appropriate, we advise the readers to see more information elsewhere on our online platforms or in our online platforms or in our 2021 Annual report that can be accessed here https://www.mtn.ng/wp-content/ uploads/2022/03/MTN-Nigeria-Annual -Report-2021.pdf.
During the year, we commemorated our 20 years of operations, reflecting on enduring industry leadership in coverage, capacity and innovation and two decades of steadfast support from our customers, many of whom have been with us since day one.
We believe everyone deserves the benefits of a modern, connected life. Hence, our strategic intent is to provide leading digital solutions for Nigeria’s progress. Our products and services include a diverse range of voice, data, fintech, digital, enterprise, and wholesale services.
4 | MTN Nigeria Communications PLC
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We believe everyone deserves
the benefits of a modern
Hence, our strategic intent is to provide leading digital solutions for Nigeria’s progress. Our products and services include a diverse range of voice, data, fintech, digital, enterprise, and wholesale services.
Our business strategy, Ambition 2025, is built on four strategic priorities:
At the core of this strategy, we plan to mainstream ESG standards in our operations to help us deliver our shared value objectives..
The philosophy of shared value guides our decisions and actions. Therefore, we believe in sharing our successes with all our stakeholders and the communities where we operate. In addition, we recognize that the growth of our business is tied to the well-being of people in these communities.
We are committed to the Nigerian economy’s growth and our people’s progress. We understand this is possible with our connectivity and platform solutions and the support we provide for our communities. The opportunity to play a role in the nation’s digital evolution is a privilege we do not take for granted. At MTN Nigeria, we recognize the need to address the considerable gaps in access to connectivity, build a vibrant digital economy, create jobs, and enrich lives.
In addition, our network directly supports many businesses and empowers millions of people in rural and urban areas. This has helped to fuel innovation, expand market access, build capability, enhance local content and drive prosperity, social inclusion and sustainability in Nigeria.
We have made great strides together, and much more must be done. If the last two decades have taught us anything, it is how much we can achieve when we work together.
Build the largest and most valuable platforms.
Drive industry-leading connectivity operations.
Create shared value.
Accelerate portfolio transformation.
If the last two decades have taught‘ us anything, it is how much we can achieve when we work together.
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MTN Nigeria Communications Limited published this content on December 30, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2022 08:41:02 UTC.
Public now 2022
Technical analysis trends MTN NIGERIA COMMUNICATIONS PLC
|short term||Mid Term||long term|
Income statement evolution
|Number of Analysts||6|
|Last close price||215.00 NGN|
|Average target price||NGN252.10|
|Spread / Average Target||17.3%|