• Friday, June 14, 2024
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UN-GCN Nigeria commends Oando for Lagos sustainable transport initiative

Oando to delist as core investor plans buyout of  minority shareholders

The United Nations Global Compact Network Nigeria has commended Oando Plc for the launch of its strategic partnership with the Lagos State government on the Sustainable Transport Initiative. The initiative is a deliberate exercise and attempt by the United Nations, in collaboration with Oando Clean Energy Limited (OCEL) and the Lagos State government, to promote clean energy initiatives as a solution to global warming.

In a statement made available on Wednesday, the organisation celebrated the oil giant for “launching the proof-of-concept phase of its pioneering Sustainable Transport Initiative in Lagos State, Nigeria.”

The initiative, which came in the form of mass transit electric buses, is the first in Nigeria and perhaps one of the first in Africa.

Just last month, Gov. Babajide Sanwo-Olu of Lagos State celebrated the scheme after the state government took possession of the first set of electric buses made possible by Oando Clean Energy Limited, an offshoot of Oando Plc.

Read also:Lagos state govt adds electric buses to Mass Transit Fleet

The UN Global Compact Network, Nigeria, said that the “groundbreaking project demonstrates Oando’s dedication to the Ten Principles of the United Nations Global Compact, which they have participated in since 2009, as well as their commitment to the Sustainable Development Goals (SDGs), particularly Goal 7 (Affordable and Clean Energy), Goal 11 (Sustainable Cities and Communities), and Goal 13 (Climate Action).”

The organisation, which is the largest corporate sustainability initiative in the world, appreciated Oando Plc for joining in the global campaign and taking a leadership position in the drive to promote sustainable, clean, and efficient transportation solutions, especially as they concern sub-Saharan Africa.

It said, “The launch of electric vehicle (EV) mass transit buses in partnership with the Lagos State government sets a commendable precedent for other industry stakeholders and signifies a milestone in the pursuit of sustainable urban mobility.

“Electric vehicles have the potential to reduce greenhouse gas emissions, improve air quality, and contribute to the mitigation of climate change. Furthermore, this initiative supports the United Nations Global Compact’s mandate to promote sustainable development, social progress, and environmental stewardship, which aligns with Principle 8 of the United Nations Global Compact: “Businesses should undertake initiatives to promote greater environmental responsibility.”

Among the listed benefits, the Oando initiative is expected to reduce greenhouse gas emissions, enhance energy efficiency, and promote cleaner and more sustainable transportation, which will contribute to global climate goals and Nigeria’s sustainable development.

The organisation urged all businesses, including Oando Plc, “to continue exploring innovative and sustainable solutions that create shared value for society, the environment, and the economy, as collaboration between the private sector, governments, and civil society is crucial for achieving the SDGs and creating a more sustainable future for all.”

It promised to continue its support for businesses in their journey towards responsible and sustainable operations.

It also urged all businesses, especially multinational companies, to follow the Oando footprint, where sustainable business practises are the norm and the Sustainable Development Goals become a reality for every individual and community.