Seplat gets over 98% of materials from Nigeria – CEO

Seplat Petroleum Development Company Plc has said over 98 per cent of the materials used by the company are sourced from Nigeria.

Its Chief Executive Officer, Mr Roger Brown, said this during the company’s ‘Facts Behind the Sustainability Report’ presentation at the Nigerian Stock Exchange on Tuesday.

According to him, Seplat, a Nigerian independent energy company, has invested “extensively” on development of local suppliers.

“We have a deliberate policy of encouraging local contractors in the award of some jobs. The company takes the issue of local content delivery seriously,” he said.

Brown said the company’s sustainability policy is based on the principles of transparent and complete disclosure of its Environment Social, and Governance performance, setting science-based targets to deliver on environmental footprint, among others.

“We respects [the] rights of employees, community people and their culture. We maintain a non-discriminatory posture in recruitment devoid of gender, religion, tribe or other such considerations, and adhere to national and international labour laws and protocols,” Brown explained.

He noted that over the years, the company had improved economic empowerment of women and youths with a customised empowerment programme, engaged 534 employees in its Nigerian and UK locations, and had done much more.

“We adopt an inclusive stakeholder management approach; integrate sustainability into our core business model and strategy; embed Sustainability concept and practice companywide; operate the highest standard of corporate governance; leverage on stakeholder engagement in determining materiality; and exhibit a strong belief in our shared Value philosophy,” he added.

Commenting on the sustainability report, the NSE Chief Executive Officer, Oscar Onyema, urged other companies to learn from Seplat, saying reporting sustainability could help organisations create a sustainable future.

According to him, there is a recognised need for enhanced levels of corporate transparency on ESG.

He said, as an exchange, “we are well positioned to encourage and even require listed companies to produce better sustainability reports that are issued consistently and with comparable information.”