• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Press Releases

Flour Mills of Nigeria Plc (FMN) Reaffirms its Commitment to Transformational Impact with the Release of its 2021/2022 Sustainability Report

NM Partners by NM Partners
August 16, 2022
in Corporate Press Releases
Flour Mills of Nigeria Plc (FMN) Reaffirms its Commitment to Transformational Impact with the Release of its 2021/2022 Sustainability Report
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

4 Greek-owned companies in Nigeria

Meet 4 of the largest Greek-owned companies operating in Nigeria

January 7, 2023
Oando Clean Energy Limited Part of Nigeria Delegation to COP27

Oando Holds Successful 43rd AGM: All Resolutions Passed

August 10, 2022

Lagos, Nigeria: 16thth August 2022

Background 

Flour Mills of Nigeria Plc (FMN), Nigeria’s leading food and agro-allied group, providers of superior quality food products, and owners of the iconic food brand, ‘Golden Penny,’ has released its 2020/2021 Sustainability Report titled: “Nourishing Sustainably Today, for Tomorrow”. The report details the Group’s accomplishments in strengthening its commitment to sustainability. Key sustainability efforts were directed at improving the management of its Environmental, Economic, Social, and Governance (EESG) risks as well as, adopting intentional and consistent measures capable of meeting both its financial and sustainability goals.

Reports Highlight

  • Continuous expansion of operational sites and capacity to support the development of Nigeria’s food and agro-allied sector and foster shared value creation.
  • Responsible Farm-To-Table practices highlighting the Group’s investment in product quality and process innovation.
  • The Group’s flour extraction performance is 78%, which exceeds the global average of 76% clearly reflecting FMN’s investment and corresponding progress on improved product quality and process innovation.
  • Local content development is a key part of the Group’s sustainability efforts as demonstrated in its deployment of innovation in driving localization of wheat production, aggregating over 8,000 tonnes of wheat grain in 15 collection points across three (3) Nigerian states.
  • Investment of about 3.5 billion Naira on CSR projects, donations, and COVID-19 interventions Between 2020 and 2021, representing 13.6% of the Group’s Profit after Tax.
  • FMN attained 98% on its customer satisfaction survey within the FMCG industry in Nigeria.
  • Driven by the commitment to control carbon footprint and improve energy efficiency of its operations, FMN installed heat recovery systems on some of its sites, saving 488,160GJ worth of energy during the reporting period.
  • Through the YALWA Programme, the Group has invested over 200 million naira in the soybean and maize value chain and created about 10,000 new jobs in Kaduna State.

Commenting on the Report, Mr. Boye Olusanya, the Group Managing Director, said, “The publication of our sustainability efforts is a demonstration of our commitment towards embedding sustainability as a core business agenda. As one of the largest food and agro-allied businesses in Nigeria, we recognize the critical role we play in driving sustainable socio-economic development in Nigeria. This year’s theme reflects the remarkable strides we have recorded in our commitment towards responsible production and consumption as encapsulated in our purpose of “Feeding the Nation, Everyday’’.

Flour Mills of Nigeria Plc conducts its business operations in a way that maximizes the natural ecosystems while preserving it for the benefit of the present and future generations.

About Flour Mills of Nigeria Plc

Incorporated in September 1960 and quoted on the Nigerian Stock Exchange since 1978, Flour Mills of Nigeria (FMN) Plc, owners of the iconic Golden Penny Food brand is one of Nigeria’s leading food and Agro-allied companies. With a broad basket of food products and robust pan-Nigerian production, distribution, and supply chain network, FMN is a fully integrated and diversified food and Agro-allied group.

FMN group strives in its purpose of “Feeding the Nation, Everyday” through its five-core food value chains: Grains, Sweeteners, Oils and Fats, Proteins, and Starches. FMN creates value along the entire food chain with its “farm-to-table” model by providing inputs and know-how to farmers, aggregating and sourcing crops and raw materials to supply its world-class processing facilities across Nigeria, and distributing its innovative food brands to its customers.

More information can be found at www.fmnplc.com

Follow FMN, on Facebook, Instagram, LinkedIn, and YouTube

Tags: Flour Mills NigeriaOlusanya BoyePress Release
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

4 Greek-owned companies in Nigeria
Company Profile

Meet 4 of the largest Greek-owned companies operating in Nigeria

January 7, 2023
Oando Clean Energy Limited Part of Nigeria Delegation to COP27
Corporate Updates

Oando Holds Successful 43rd AGM: All Resolutions Passed

August 10, 2022
Honeywell Flour Mills investors gain N20.7 billion in August 2021
Stock Market

Honeywell share price appreciates by 20.65% in two days following acquisition by Flour Mills

November 23, 2021
Flour Mills of Nigeria acquires 20,450 hectares in Nassarawa, expands investments in Backward Integration Plan
Corporate Updates

Flour Mills of Nigeria acquires 20,450 hectares in Nassarawa, expands investments in Backward Integration Plan

May 31, 2021
Flour Mills of Nigeria Plc announces Omoboyede Olusanya as new GMD/ CEO
Markets

Flour Mills shares surge by 6.9%, lifting the miller’s capitalization by N8.2 billion

April 8, 2021
Ecobank Nigeria
Securities

Ecobank Nigeria to launch $300 million senior notes on International Debt Market

February 5, 2021
Next Post
Quoted companies pass cost to customers, report N5.2 trillion revenues in first half of 2022

Quoted companies pass cost to customers, report N5.2 trillion revenues in first half of 2022

Comments 1

  1. job says:
    August 27, 2022 at 7:49 am

    this is informative

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • MRS hikes petrol price to N925 in Lagos, N955 in Southeast amid global oil price increase 
  • Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience 
  • Ogun Govt warns of more torrential rainfall, urges residents to prepare for floods 

Follow us on social media:

Recent News

MRS slashes pump price to N935 per litre after partnership with Dangote refinery

MRS hikes petrol price to N925 in Lagos, N955 in Southeast amid global oil price increase 

June 22, 2025
Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience 

Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics