Nigerian Breweries PLC 2022 AR2
The report outlines Nigerian Breweries Plc's financial and sustainability performance for the fiscal year 2022. The company achieved a 26% growth in net revenue to ₦550.5 billion, despite facing macroeconomic headwinds, inflation, and foreign exchange scarcity. On the sustainability front, the company advanced its "Brew a Better World" agenda by signing a 10-year renewable energy agreement with Konexa and initiating solar-plus-storage projects at its Ibadan and Ama breweries with CrossBoundary Energy. Additionally, the company achieved zero-waste-to-landfill at seven of its production locations, representing a 97.05% waste diversion rate, and planted over 54,000 trees as part of its reforestation efforts.
Company: Nigerian Breweries PLC
Sector: Consumer Staples
Country: Nigeria
Year: 2022
Type: AR2
Pages: 147
Nigerian Breweries PLC
Annual Report & Accounts
The report outlines Nigerian Breweries Plc's financial and sustainability performance for the fiscal year 2022. The company achieved a 26% growth in net revenue to ₦550.5 billion, despite facing macroeconomic headwinds, inflation, and foreign exchange scarcity. On the sustainability front, the company advanced its "Brew a Better World" agenda by signing a 10-year renewable energy agreement with Konexa and initiating solar-plus-storage projects at its Ibadan and Ama breweries with CrossBoundary Energy. Additionally, the company achieved zero-waste-to-landfill at seven of its production locations, representing a 97.05% waste diversion rate, and planted over 54,000 trees as part of its reforestation efforts.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees