Northern Nigeria Flour Mills PLC 2021 SR
The report highlights Flour Mills of Nigeria's (FMN) resilience and commitment to food security during the 2020/2021 fiscal year. Key achievements include a 34% revenue increase to N771.6 billion and significant progress in backward integration, particularly in sugar and wheat value chains. FMN expanded its operational footprint with land acquisitions in Nasarawa and Edo states and launched Project YALWA to boost maize and soybean production. The company achieved a 78% flour extraction rate, exceeding the global average, and invested N3.5 billion in CSR and COVID-19 interventions. Environmental efforts focused on energy efficiency, resulting in a 10% reduction in consumption over three years and the implementation of heat recovery systems.
Company: Northern Nigeria Flour Mills PLC
Sector: Consumer Staples
Country: Nigeria
Year: 2021
Type: SR
Pages: 108
Northern Nigeria Flour Mills PLC
Sustainability Report
The report highlights Flour Mills of Nigeria's (FMN) resilience and commitment to food security during the 2020/2021 fiscal year. Key achievements include a 34% revenue increase to N771.6 billion and significant progress in backward integration, particularly in sugar and wheat value chains. FMN expanded its operational footprint with land acquisitions in Nasarawa and Edo states and launched Project YALWA to boost maize and soybean production. The company achieved a 78% flour extraction rate, exceeding the global average, and invested N3.5 billion in CSR and COVID-19 interventions. Environmental efforts focused on energy efficiency, resulting in a 10% reduction in consumption over three years and the implementation of heat recovery systems.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Published
Apr 20, 2022
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees