UPDC PLC 2022 Annual Report with Sustainability Disclosures
The report highlights UPDC Plc's financial and sustainability performance for the fiscal year 2022. After six consecutive years of losses, the company returned to profitability, posting a group profit before taxation of N331 million. UPDC celebrated its 25th anniversary and expanded its real estate portfolio by acquiring approximately 50 hectares of land in Sangotedo, Lekki, for a middle-income site and service scheme. On the sustainability front, the company refreshed its materiality assessment, aligning its strategy with the UN Sustainable Development Goals and the GRI Standards. Additionally, UPDC maintained its target of a zero-incident workplace, reporting zero fatalities for the year.
Company: UPDC PLC
Sector: Real estate
Country: Nigeria
Year: 2022
Type: Annual Report with Sustainability Disclosures
Pages: 144
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UPDC PLC
Annual Report
The report highlights UPDC Plc's financial and sustainability performance for the fiscal year 2022. After six consecutive years of losses, the company returned to profitability, posting a group profit before taxation of N331 million. UPDC celebrated its 25th anniversary and expanded its real estate portfolio by acquiring approximately 50 hectares of land in Sangotedo, Lekki, for a middle-income site and service scheme. On the sustainability front, the company refreshed its materiality assessment, aligning its strategy with the UN Sustainable Development Goals and the GRI Standards. Additionally, UPDC maintained its target of a zero-incident workplace, reporting zero fatalities for the year.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 5, 2023
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
Women on Board
Workplace Fatalities
Employees