Axxela Limited, a significant player in the sub-Saharan African gas and power value chain, has released its 2023 Sustainability Report, outlining the company’s commitment to GHG emissions reduction and support of the transition to a more sustainable energy future for Nigeria. Key achievements have been highlighted in this report: a total of 703,000mtpa of CO2e has been avoided from over 200 under-operating industrial and commercial facilities across Nigeria and West Africa.
Major Successes in Emission Reduction
According to its 2023 Sustainability Report, GHG emissions from customers’ locations have been reduced by 30.46 percent from 2022 to 2023. The reduction buttresses the Company’s staying power on issues bordering on environmental sustainability and its contribution to ensuring that Nigeria attains net-zero status for emissions. These reductions were realized through Axxela’s continued promotion of the use of natural gas as a cleaner and efficient alternative to the traditional fossil fuels, thus allowing industries to reduce their carbon footprints.
As the global energy transition remains one of the most contentious issues in contemporary times, Africa is no exception. Natural gas is quickly becoming an integral part of the world’s sustainable energy mix, and Axxela is pivoting toward this new reality. As a company, we are placing our strongest bet on the hypothesis that a reliable, cleaner energy source is paramount for the accelerated growth of an economy while deliberately lessening any negative environmental impact. The company went on to become instrumental in ensuring that industries across Nigeria and West Africa had a stable and affordable energy alternative, enabling a resilient and sustainable energy landscape.
Sustainability and Larger Impact on Energy Efficiency
Besides this remarkable cut in GHG emissions, the report by Axxela brought out its other key sustainability initiative towards enhanced energy efficiency in its and customer operations, setting new industry standards for improved environmental performance. Axxela’s sustainability strategy is in conformance to global best practices, following the least possible environmental impact while driving socioeconomic development in regions it serves.
Axxela’s contributions do not just end there when it comes to emissions reductions because the company is also looking toward long-term goals and is concerned about innovative ways to further reduce emissions, increase energy efficiency, and control any kind of wastage. This commitment represents Axxela’s dedication to setting new benchmarks in the energy industry while improving the environment and communities.
Looking Forward: A Continued Commitment to Sustainability
As Axxela gazes into the future, it remains dedicated to continuously bettering sustainability in the energy sector. The 2023 Sustainability Report presents plans for continued stretching of the boundaries of what is possible in reducing emissions and increasing energy efficiency at Axxela. Further efforts will go into increasing the integration of sustainable practices within the company’s operations to ensure that its growth aligns with the preservation of the environment.
The trajectory Axxela has set in drumming the promotion of natural gas as part of the cornerstones of Nigeria’s energy transition is critical for the country’s sojourn toward being a gas-powered economy. It aligns to national and global sustainability goals and, therefore, contributes to the fight against climate change.
The report from Axxela also concentrates on the importance of collaborative management of the industry in attaining these goals with government bodies and communities. Collaboration is the company’s strong force to help shape a greener and cleaner future for Nigeria and beyond.
Future Implications for the Energy Sector
The key takeaways from Axxella’s 2023 Sustainability Report have enormous implications for Nigeria’s energy sector and the sub-Saharan Africa region at large. As economies in this region try to strike a balance between development and sustainability, Axxela has provided businesses with a blueprint for the best integration of sustainability into operations. The realization of this by the company is apparent with lowered emissions and increased energy efficiencies, which clearly signifies natural gas as a front-runner in promoting sustainable development in Africa.
Additionally, Axxela’s work in reducing the carbon intensity of industries and commerce helps contribute to the global strategy for mitigating climate change. Its sustainability commitment further improves its reputation among stakeholders and citizenship as a corporate organization, which attracts investments and enhances long-term growth.
Conclusion
Axxela Limited’s 2023 Sustainability Report articulates the strong commitment of the company to environmental stewardship and the enabling role the company continues to play in Nigeria’s energy transition. Axxela is the one assisting in the reduction of the gigantic amounts of GHG emissions through its CNG stations while it is striving to get more and more people to adopt natural gas. It is literally setting new standards within an industry that so needs to be knocked into shape with respect to sustainability. The company, through innovation, and a drive for even greater sustainability, is sure to make an impact, not just in business but also on the environment and communities in which it operates.
Source : Axxela