Sustainability
Sustainability has multiple meanings and can refer to environmental, social and economical sustainability amongst other things. Environmental sustainability entails minimizing our impact on the environment to the benefit of a more sustainable future for coming generations. We achieve this goal by actively considering the environment in the choices we make, aligning businesses, education, economics and technology to reduce our waste and carbon footprint.
Thus at Quenek, we are committed to demonstrating socially and environmentally responsible business practices within a good governance framework. We recognise that sustainable value creation for all our stakeholders comes hand-in-hand with creating value for society. Our investment focus entwines our business goals with developing processes that create lasting positive impact in communities we operate, we work to ensure that all our activities promotes ESG considerations across all spheres; Corporate governance ,business integrity and regulatory compliance are fundamental values of our company and at the core of our interactions with employees, customers and communities. We are promoting world-class health and safety practices amongst employees and across our facilities with an Environmental, Health and Safety (EHS) Policy and implementation framework that will enable us to proactively manage health and safety risk while promoting safe and healthy working conditions.
We are developing different partnerships to enhance positive environmental and social impact. We will continue to contribute to the improvement of farmers’ income levels, alleviate poverty in rural and remote agricultural producing communities and assist in ensuring that Agriculture becomes a major Economic Growth Engine in Nigeria and a major contributor to the attainment of the Sustainable Development Goals (SDGs) particularly goals 1,2,5,8,12 and 17.
Our commitment to sustainability will ensure we integrate relevant environmental, social and governance (ESG) issues and principles into our business and product development and supports it with policies aimed at 1)Achieving better access to resources through a stronger community and government relationships 2)Bringing to minimum waste generation and energy consumption and reduction in water intake 3)Achieving greater strategic ESG milestones to enable the earning of subsidies and carbon credits, attracts government and international support aimed at eliminating any need for restriction on advertising and point of sale of our products in any jurisdiction, incur penalties, fines and enforcement actions 4) Attract talent through greater Social credibility with strong institutional purpose and eliminate social stigma, boast employee motivation 5)Enhance investment returns by better allocating capital for more sustainable plant and equipment, this will avoid investment that may not pay off because of environmental issues in the long-term.
This commitment will ensure that we continuously assess and evaluate our ESG themes and areas that will shape the future landscape of our business activities; since social, technology as well as climate change and other environmental issues impact business models. Our dedicated ESG team will support the organization with research and analysis; this team will work with third party agents such as SGS to provide ESG Assurance Solutions to deepen our commitment to achieving our ESG targets and goals and assure impartial ESG risk evaluation, due diligence, data verification and report assurance, so we can achieve verifiable high quality and assured results.
We will operate a very inclusive and sustainable business creating more sustainable jobs in rural areas, promoting good agricultural practices, notably through agro forestry, supporting farmers and their families providing them with dedicated trainings and providing their communities with access to water through the creation of clean water wells and overhauling the entire value chain by transforming the raw cashew into roasted and salted nuts ready-to-eat in consumer packaging directly in Nigeria. In the long term Quenek aspiration is to emerge as a new model for fair trade and organic cashew business in Nigeria.