Oando PLC 2024 Sustainability Report
The report highlights Oando's transformative year, marked by the landmark $783 million acquisition of Nigerian Agip Oil Company (NAOC), transitioning the company to an operator of OML 60-63. Oando launched its board-approved ESG Strategy and achieved a 92% reduction in routine gas flaring since 2007. Financial performance saw a 44% revenue increase to N4.1 trillion and a 267% surge in Profit After Tax. The company maintained zero fatalities over 20.7 million hours worked and invested $14.84 million in community development. Oando Clean Energy advanced electric mass transit in Lagos, while the Oando Foundation impacted over 1 million beneficiaries through educational initiatives.
Company: Oando PLC
Sector: Mining & quarrying
Country: Nigeria
Year: 2024
Type: Sustainability Report
Pages: 74
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Oando PLC
Sustainability And ESG Report
The report highlights Oando's transformative year, marked by the landmark $783 million acquisition of Nigerian Agip Oil Company (NAOC), transitioning the company to an operator of OML 60-63. Oando launched its board-approved ESG Strategy and achieved a 92% reduction in routine gas flaring since 2007. Financial performance saw a 44% revenue increase to N4.1 trillion and a 267% surge in Profit After Tax. The company maintained zero fatalities over 20.7 million hours worked and invested $14.84 million in community development. Oando Clean Energy advanced electric mass transit in Lagos, while the Oando Foundation impacted over 1 million beneficiaries through educational initiatives.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Sep 1, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 3:
Total Waste
Women in Management
Workplace Fatalities
Employees