We are evolving how we source our materials, manufacture and sell our products/services through the acceleration of decarbonization initiatives and seeking cleaner inputs. We believe that by improving the sustainability of our operations, we can get ahead of the evolving carbon regulations and capitalize on ESG metrics to gain a competitive edge. This is evident given that investors increasingly seek more sustainable portfolios, demanding greater ESG compliance and performance from potential investment targets. 

Government pressure to decarbonize is mounting, with many countries enforcing carbon tax regimes and emission trading systems (ETSs). Balancing short-term commercial goals with long-term value creation involves managing risk, cost, quality, and decarbonization. Aligning investments with cyclical gains can mitigate financial risks, and higher initial capital costs are likely to be offset by the long-term benefits of sustainable operations and improved ESG performance.

We are committed to making incremental investments in process improvements to decrease energy intensity, reduce carbon emissions, increase material efficiency, and promote the circular economy. Carbon emissions reduction and sustainable waste management are critically significant to achieving the Paris Agreement target of 1.5 °C in order to limit global warming. We are making concerted efforts to contribute our quota to this target, enabling us to build stronger, more sustainable engineering capabilities for Nigeria, Sub-Sahara Africa, and beyond.

On the social front, we prioritize human capital development, human rights, customer satisfaction, and the health and safety of our employees and stakeholders. We have initiated sustainable procurement by subjecting our Tier 1 vendors/suppliers to Environmental and Social Risk Management (ESRM) screening. Dorman Long integrates Diversity, Equity, and Inclusion (DEI) principles into all operations and activities.

Studies have shown that companies with better ESG performance can secure project financing at a lower cost, enhance resources management, reduce operational risk, and increase resiliency against future changes.