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HomeIn the NewsAxxela receives EcoVadis All-Round Energy Industry Sustainability Gold Medal Award

Axxela receives EcoVadis All-Round Energy Industry Sustainability Gold Medal Award

Axxela Limited, a leading sub-Saharan African gas and power company, has achieved a Gold Medal in the 2024 EcoVadis Sustainability Rating, a rating which underscores Axxela’s steadfast commitment to sustainability, corporate social responsibility, and ethical business practices.

Ranked in the top 5% among companies evaluated by EcoVadis over the past twelve months, Axxela achieved an impressive 97 percentile rank, showcasing its dedication to continuous progress in sustainability and ESG practices. This accolade marks a significant advancement from its previous silver medal rating, as well as highlighting the company’s increasing efforts in the industry.

In his words, Bolaji Osunsanya, CEO of Axxela, said: “Achieving a Gold Medal in our 2024 Sustainability Rating from a globally renowned authority on business sustainability ratings, serves as a superior validation of Axxela’s unwavering commitment to environmental stewardship. Over the past years, we have worked tirelessly to ensure that we incorporate and embrace the principles of sustainability across our business operations for the benefit of our customers, employees, partners, and investors. This outcome is both an encouragement and motivation for us to persistently improve and do more.”

Reiterating Axxela’s pledge to promote sustainable and environmentally friendly practices, and aligning with the UN SDG 9 Agenda on Industry, Innovation, and Infrastructure. Osunsanya stated: “This achievement propels us to redouble our efforts towards a cleaner, more sustainable future while driving industrial growth in Nigeria and across West Africa.”

Tuoyo Ejueyitchie, General Counsel and Company Secretary at Axxela said that the recognition was a testament of the company’s excellent and continued service in improving and enhancing the Sustainability within its business jurisdiction. “It is a true definition of team effort and general commitment to developing and adhering to processes and procedures that demonstrate our company’s dedication to maintaining world class Sustainability/ESG standards.”

To commemorate the accomplishment, EcoVadis would be planting a tree on behalf of Axxela through its partnership, with One Tree Planted, a non-profit organization focused on global reforestation.

Over the years, Axxela Limited (“Axxela”), co-owned by Helios Investment Partners LLP and Sojitz Corporation, has been rated as one of the pioneer private sector developers of natural gas solutions and captive power generation in Nigeria. A designated natural gas shipper on the West African Gas Pipeline (WAGP), and a member of the West African Power Pool (WAPP), Axella has continued to deliver natural gas to about 200 industrial and commercial customers via a vast network of natural gas infrastructure.

With over 360km in natural gas pipeline infrastructure built, Axxela provides unique energy solutions primarily through its subsidiaries – Gaslink Nigeria Limited, Gas Network Services Limited, Central Horizon Gas Company Limited, and Transit Gas Nigeria Limited.

And EcoVadis is a globally recognized business sustainability assessment and rating platform with barometer for assessment to include, company’s operations and its regards for the environment, labour, human rights standards, ethics and procurement practices.

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