Financial Energy Review
Sahara Group’s path to net-zero emissions has been tiered into distinct phases. In the short term (2022-2030), the focus will be on reducing carbon footprint through initiatives like fleet electrification, cycling programs, and energy efficiency measures,a statement said.
In the medium term (2031-2040), Sahara will look to further diversify its energy portfolio and increase investments in renewable energy projects. Ultimately, the goal is to achieve net-zero emissions by 2060 through offsetting any remaining emissions through nature-based solutions and other carbon reduction initiatives.
Bethel Obioma,Head,Corporate Communications, said the report’s comprehensive scope encompasses various affiliates within the Sahara Group, including Asharami Energy, Sahara Trade, Asharami Synergy, Egbin Power, First Independent Power Limited, Ikeja Electric, and the Sahara Group Foundation.
Obioma said Sahara’s upstream operations recorded reduction in carbon footprint and exceptional host community relations which led to the implementation of impactful projects focused on enhancing livelihoods, education, and healthcare.
“Launching our Gas -to -Power project, providing 24-hour electricity to the Ajoki Community in Edo State—a first-of-its-kind initiative, achieving ISO 20400 certification for sustainable procurement and recording a remarkable 3 million Lost Time Injury (LTI) free man-hours, underscores our dedication to both social impact and operational safety,” he said.
He said Sahara also achieved successful outcomes from its midstream,downstream, and power businesses through substantial reductions in carbon emissions, focus on operational efficiency, and implementation of renewable energy sources and energy efficiency measures.
