Aradel Holdings PLC 2024 AR2

The report highlights Aradel Holdings' sustainability progress and achievements for the fiscal year 2024. Key milestones include maintaining zero routine gas flaring at the Ogbele facility since 2012, with plans to eliminate routine flaring at its refinery by late 2025. The company launched an Employability Capacity Training Programme for 120 host community youths and remitted its required funding to the MURALI Host Communities Development Trust. Operationally, Aradel achieved 4,602,918 incident-free manhours with zero workplace fatalities and zero lost time injuries. Additionally, the company advanced its digital transformation, expanded renewable energy initiatives with solar-powered mini-grids in Osun State, and prepared for alignment with IFRS S1 and S2 standards.

Company: Aradel Holdings PLC

Sector: Energy

Country: Nigeria

Year: 2024

Type: AR2

Pages: 11

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Aradel Holdings PLC

Aradel Holdings PLC 2024 Annual Report and Accounts

Annual Report And Accounts

The report highlights Aradel Holdings' sustainability progress and achievements for the fiscal year 2024. Key milestones include maintaining zero routine gas flaring at the Ogbele facility since 2012, with plans to eliminate routine flaring at its refinery by late 2025. The company launched an Employability Capacity Training Programme for 120 host community youths and remitted its required funding to the MURALI Host Communities Development Trust. Operationally, Aradel achieved 4,602,918 incident-free manhours with zero workplace fatalities and zero lost time injuries. Additionally, the company advanced its digital transformation, expanded renewable energy initiatives with solar-powered mini-grids in Osun State, and prepared for alignment with IFRS S1 and S2 standards.

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Document Details

Report Year

2024

Reporting Period

Jan 1, 2024 - Dec 31, 2024

Fiscal Year

2024

Type

Annual Report with Sustainability Disclosures

Language

English

Pages

 

File Size

 

Standards & Assurance

Reporting Standards

Materiality Assessment

ESG Data?Experimental — AI-extracted data, may contain inaccuracies

Workplace Fatalities

Employees