British American Tobacco (BAT) Nigeria, the Nigerian consumer goods firm, has recently reaffirmed its commitment to addressing environmental management issues and climate change while certifying strong corporate governance.

The group specified this in a message at the WED (World Environment Day) in Lagos this year. It also emphasized some of its plans and accomplishments in waste and water management, shifting towards renewable energy sources, and reducing carbon dioxide in its operations.

The firm used the event specifically to publicize that it is implementing a one MW solar panel renewable energy solution that will complement the prevailing Ibadan factory’s gas engine-powered supply.

Under this project, the installation of 1,900 solar panels generates cumulative energy of 1,400,000 KWh yearly, depicting around 6% of the annual power requirement of the factory, which will be directly injected into the firm’s energy mix.

In lieu of accomplishing this, the firm is making a substantial investment of around £1 million ($1.2 million) over the next two years on the project, which is expected to reduce its carbon emissions approx. Nine hundred ninety-two tons yearly, ensuring the company is closer to reaching its 100% renewable energy source target and carbon neutrality by 2030.

Yarub Al-Bahrani, the Area Director, BAT West and Central Africa, said that the sustainability agenda of BAT Nigeria is vital to the advanced group strategy of the firm and replicates its commitment to dropping the health impact of the business.

This is reinforced by the superiority across the other ESG (Environmental, Social, and Governance) priorities. The firm is further committed to dropping the climate impact, taking care of biodiversity, and reconsidering means of consumption.

Odiri Erewa-Meggison, External Affairs Director at BAT West and Central Africa, restated the desire for humanity to live sustainably in harmony with nature.

The firm is thrilled about the achievements and its commitments toward the new ways of reducing resource use, preserving the natural environment, enhancing the lives of farmers and communities, and supporting robust corporate governance standards.

Source Credit - https://guardian.ng/property/firm-commits-to-carbon-neutral-invests-in-solar-energy/