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Showing posts with label Corporate Social Responsibility. Show all posts
Showing posts with label Corporate Social Responsibility. Show all posts

Thursday, May 1, 2014

Maina lauds MTN over women empowerment


The Federal Minister in-charge of Women Affairs and Social Development, Hajia Zainab Maina, has lauded MTN Foundation, the Corporate Social Responsibility initiative of MTN Nigeria, for empowerment of Nigerians, especially the widows, reports NaijaAgroNet.

Hajia Maina gave this commendation at the presentation of tools of trade to beneficiary widows, under the Foundation's new initiative for empowering widows tagged, MTNF Widows Empowerment Scheme, in Abuja.

NaijaAgroNet gathered that the Widows Empowerment Scheme by MTN Foundation is being managed by Growing Businesses Foundation and aimed at empowering widows who have existing businesses, across the six geo-political zones of the country.

Also, Hajia Maina urged that such positive intervention be emulated by other organisations, especially in telecommunications sector. Stressing that widows comprise a significant proportion of women, ranging from 7 to 16 per cent of all adult women, noting that it is regrettable that this significant section of the population is neglected in the society, especially due to their state of widowhood and the various traditional laws and customs which work against them, thus preventing them from gaining access to resources that will better their lot.

"Nigeria should abide by the United Nations' declaration during the 2013 International Widows Day which states that 'all widows should be protected by the rights established in the convention on the elimination of all forms of discrimination against women and other international human rights treaties. Equal opportunity bill and violence against persons bill presently receiving attention at the National Assembly would greatly benefit widows, when passed into law," she said.

Equally speaking, a Director of MTN Foundation, Mr. Dennis Okoro, said the scheme was the result of a stakeholder's workshop held in October 2011, in collaboration with the Federal Ministry of Women Affairs and Social Development.

Pointing out that the workshop highlighted areas of need for widows in communities and discussed ways of empowering them to meet those needs, eventually an Expression of Interest (EoI) was declared and five states, including Imo, Taraba, Lagos, Rivers and Sokoto, in addition to the Federal Capital Territory, representing the six geo-political zones of the country, were selected.

“After an analysis of the needs assessment forms, 226 widows were selected to benefit from the scheme,” he asserted.

Okoro further disclosed that adopting a micro-finance model, the successful beneficiaries were trained on business management skills and to be mentored by two microfinance institutions, namely the Lift Above Poverty (LAPO) and Development Exchange Centre (DEC) to ensure sustainability of the project.

Additionally, he said, beneficiaries were later presented with tools of trade to boost their existing business ventures as interest-free loans, explaining that the loans were expected to be repaid over a 10 month period, with a two month moratorium.

Isaac Oyimah/GEE
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Photo: Hajia Zainab Maina

Saturday, December 1, 2012

Environmental Sustainability in Private Sector: An Advocacy


Gas flare causing environmental damage
Government intervenes in industry for several reasons. Apart from being the biggest spender and provider of public infrastructure, it is equally her responsibility to protect the working people from abuse, protect the consuming public from exploitation, and from deleterious impacts of industrialization. Consequently, when governance is good and there is no natural disaster (force majeure) both man and nature enjoy some measure of stability. It is in this sense God sees good leaders as His ministers.
 On the other land, poor governance is usually associated with paucity of infrastructures, weak environmental institutions and legal frame works. These prevent countries from adequately addressing sustainability issues.
 Since the past two decades, public awareness of environment, social and governance issue is radically altering the global business landscape. Businesses are increasingly reviewing their theory of business as a result of internal and external pressures. The relationship between some health problems and the environment of work, coupled with the realization that what may be beneficial from say economic perspective may be detrimental to the quality of life or well being of the populace is compelling stakeholders to adopt an integrated approach to development.
 Nigerian private sector as a global player, though presently weakened by poor infrastructure, cannot afford to be insensitive to present day realities. It must prepare for the future today or destroy the future now. Leadership in the organized private sector must discover like Garvin Murray of International Finance Corporation (IFC) that striving for business value and doing good for the environment or society need not be contradictory pursuits. The truth is that the viability of business itself depends on ecological resources.
 The concept of “doing good” requires private players to rise above the realm of compliance and basic Corporate Social Responsibility requirements. It involves corporate governance, transparency, process eco-efficiency, environmental performance of product or service, health, safety and welfare of the workforce, among others. It is known to yield both tangible and intangible returns to organizations engaged in it.
 The paradigm shift, therefore will require manufacturers to consider biodegradable nutrients or raw materials, and recyclable packaging. They should go for products with minimal carbon imprints, consume less energy, water, and other inputs. They must as much as possible adopt production processes that will produce fewer air, water and other pollutants. Some companies, like 3m in United States, increased their profits by making their procedures more efficient and producing less waste. That was without installing pollution control plants.
 The sustainable management of the supply chain is critical for the private sector. Companies must identify and assess potential environmental risks and hazards along their supply chain and take steps to prevent, mitigate or remedy their likely impacts. Doing good should also entail the avoidance of child labour both at shop floor and along the supply chain.
 The declaration of humongous annual turnover or profits after tax will no longer be commendable if the same company (be it in the Hospitality, Production, Banking, Oil, Telecom, Construction, or Logistics sub sector) is destroying the integrity of the ecosystem or disrupting the social fabric that sustains it. Verifiable sustainability reports will be key in determining corporate success in the days ahead. Stakeholders will like to verify the level of sustainable financing carried by a bank. They will want to see the eco-friendliness of the businesses or projects financed by them.
 The government, media, academia, NGOs and other stakeholders will increasingly be interested in sustainability report. Beyond environmental impact assessment, they will like to weigh a company’s impacts against her good to the society and the environment. This is already changing the face of Corporate Social Responsibility. It is also going to affect capital market positioning of a firm, the chances of playing in the global arena and even securing international facility or partnerships. The Nigerian private sector must rise up to these developments.


MacDenis Igbo

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