Coca-Cola Nigeria Limited and its bottling partner, Nigerian Bottling Company, has awarded N303 million grants in support of eight local non-governmental organisations (NGOs) to drive recycling in the country.
The Head Public Affairs, Communications & Sustainability, Coca-Cola Nigeria Limited, Nwamaka Onyemelukwe, said, “Coca-Cola remains committed to uplifting Nigerians and creating an ecosystem of sustainable economic growth in our communities. As with previous years, we are excited to see how much impact our partnerships will yield through these projects as we hope to create a better shared future for all.”
Organisations set to benefit from the awarded grants include Statewide Waste and Environmental Education Foundation, Platform for Society Support Initiative, Aid for Rural Education Access Initiative, Do Good Social Impact Foundation, Baywood Foundation, Initiative for Gender Empowerment and Creativity, Bunmi Adedayo Foundation and RecyclePoints Foundation.
Five of these projects, Waste in the City, Waste to Strap, Mission Zero Plastic, Waste to Wealth, and Project DORI are focused on combating the plastic waste challenge and creating a second life for these plastic bottles clogging our gutters and waterways.
These community-based sustainability projects are set to be deployed across the Federal Capital Territory (FCT), Lagos, Delta, Enugu, Oyo, Kwara, Kano, Kaduna, & Bauchi States, and will aid job creation for thousands of women and youth while engendering relevant behavioural changes. The projects seek to recover over 3,000 tons of plastic waste and economically empower over 5,000 women and youths over a 12-month period.
The Tech-Relevant Teacher Programme, offers teacher training support and technologies for virtual learning across 200 low and middle-cost schools in a bid to improve the learning experience in primary schools, especially in neighborhoods with an increased number of out-of-school children due to the effects of COVID-19. No fewer than 30 schools will receive hardware and content production suites to aid virtual learning.
In Enugu, the Youth Information Communication and Technology Skills Acquisition Project (YISAP) is set to impact the lives of over 600 youths, including persons living with disabilities, through the provision of vocational and entrepreneurial training.
Also worthy of note is the Climate Smart Shea Processing Facility to be set up in Oyo state, focused on the economic recovery of 1,500 rural women who are shea nut farmers, pickers and processors largely affected by the COVID-19 pandemic.
Some of the laudable projects funded by The Coca-Cola Foundation in Nigeria so far include the Clean Up Naija and RecyclesPay Projects, the Recycling Scheme for Women and Youth Empowerment (RESWAYE) , SHAPE Economic Women Empowerment, Catalyst for Change and the Cash 4 Trash Initiative by the Initiative for the Advancement of Waste Management in Africa (WASTE Africa).
Climate-Smart Infrastructure: Nigeria Must Be Competitive To Attract Investors- UK
The Deputy High Commissioner, Ben Llewellyn-Jones said Nigeria must create conducive environment to attract investors in the climate-smart infrastructure design and development.
He disclosed this while chatting with Prof Chidiebere Onyia, the Managing Director t the UK Nigeria Infrastructure Advisory Facility (UKNIAF), a UK Aid-funded demand-led technical assistance programme that helps the Nigerian government deliver socially inclusive, climate-smart infrastructure.
There discussion centred on climate-smart infrastructure design and in Nigeria and the critical role the programme plays as a delivery component for UK Aid. They looked on aspects of UKNIAF’s work on Energy, Infrastructure Financing, and Roads, discussing how the programme can support the Energy Transition Councils’ efforts to prepare Nigeria for COP26 and beyond.
During the discussions the Deputy High Commissioner explained that UKNIAF remains critical to the UK-Nigeria collaboration in the Energy Transition Council, not only in preparing for COP26 but also for initiatives beyond this event.
UKNIAF supports COP26 through its work with regulators and other Ministries, Departments and Agencies (MDAs) in the energy sector, where they highlight opportunities to mitigate the challenges of the energy transition, both on-grid and off-grid.
These opportunities are also matched with potential investments. The Energy Transition Council allows UKNIAF to step up our engagement and efforts in the run-up to COP26; and beyond COP26, the focus will be on resolving the obstacles hindering Nigeria from making the energy transition a reality where our programme’s assistance in this respect is critical.
Prof Onyia and the Deputy High Commissioner agreed that coordination and capacity across key MDAs must be improved in the run-up to COP26 and beyond if policy objectives are to be met. A lot of work is already being done to encourage energy transition, however, the challenges of the energy transition remain, and they must be acknowledged as we work to overcome them.
At the same time, we need to factor in the upcoming Nigerian elections. The Nigerian government’s goodwill and engagement, particularly that of the Vice President, Prof. Yemi Osinbajo, and the Minister of State for Power, who also serves as the Chair of the Energy Transition Council, must be recognised.
During the discussions, Ben Llewellyn-Jones said: “We live in a competitive world where investors are looking for a location that provides adequate return on investment. It is important, therefore, to make Nigeria as competitive as possible to attract those investments. There is a lot of goodwill, effort, and application; consequently, we must work with the Nigerian leadership while also highlighting this to potential investors. This is one of UKNIAF’s key component areas – Infrastructure Finance.”
Prof Onyia said: “The UKNIAF’s efforts to assist the regulator in developing evidence-based regulatory practices are critical in raising climate awareness and will go some way to aligning Nigerian government priorities with climate-smart principles.
“Looking at government priorities through the lens of climate sensitivity does not preclude seeing the broader issues that require attention, such as bankability, efficiency, and access. Data is always critical for regulators and investors, and understanding the impact of policy and allowing data to inform predictable regulation is vital.”
Mastercard Unveils New Carbon Calculator Tool for Banks in Middle East & Africa
Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices, Mastercard has released its Mastercard Carbon Calculator for the Middle East & Africa.
Developed in collaboration with the Swedish fintech Doconomy, the Mastercard Carbon Calculator is a feature that provides access to insights and data about environmental impact. It enables consumers to receive a snapshot of the carbon emissions generated by their purchases across spending categories.
Banks and financial institutions can easily adopt and customize the feature for eco-conscious consumers, by seamlessly integrating the Carbon Calculator into their mobile apps through new APIs that are now available on Mastercard Developers.
“Connecting people to helpful information and tools that enable them to prosper, pursue their passions, and help protect the planet, is an important part of how we are doing well by doing good. The New Mastercard feature enables banks to equip people with carbon footprint data and insights to help inform consumer spending and offer ways to contribute to reforestation
“With growing consumer passion for the environment and sustainable lifestyle choices, we hope that this feature will inspire more people to support brands that are contributing to environmental welfare,” said Gaurang Shah, Senior Vice President, Product Management, Digital Payments & Labs for Middle East and Africa, Mastercard.
The calculations are powered by the independently verified Doconomy Åland Index and can be further enhanced with relatable and easy-to-understand equivalents (such as the number of trees required to absorb the same amount of CO2), and tips about living more sustainably.
“By engaging a whole industry in enabling individual insights as well as collective action, Mastercard has redefined the role the financial industry can play every day in tackling the climate crisis. When others are talking of the importance of Environmental, Social and Corporate Governance (ESG), Mastercard is putting it to work at the fingertips of the consumer,” said Mathias Wikström, Chief Executive Officer, Doconomy.
Results from Mastercard’s most recent research released on Earth Day last month, highlighted strong consumer demand for payment solutions that address sustainability.
Among adults in Middle East and Africa, 90% stated they’re willing to take personal action to combat environmental and sustainability issue. Being more aware of purchases is one of the top changes respondents will make as a result from COVID-19.
Last year, Mastercard formed the Priceless Planet Coalition, which unites businesses and consumers to restore 100 million trees by 2025. The Coalition continues to expand and now includes more than 50 members. Mastercard has committed to using its technology, network, expertise and resources in support of the company’s goal of building a more sustainable and inclusive digital economy.
Visa Moves To Achieve Net-zero Emissions By 2040
Visa, a leading global payments technology company, said it is committed to reach net-zero emissions by 2040, and that the company achieved carbon neutrality across its operations in 2020.
Visa also outlined plans to become a climate positive company through new partnerships and expanded initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company’s own footprint.
Chairman and chief executive officer of Visa, Al Kelly said, Visa is committed to creating a more sustainable future. “Our new net-zero commitment and enhanced efforts across our network in support of sustainable initiatives are immediate ways we will achieve our goals to help build a better future for our planet.”
As part of the commitment to reach net-zero emissions by 2040, Visa announced it is a new signatory of The Climate Pledge, an initiative co-founded by Amazon and Global Optimism, as well as a new member of the Climate Business Network, a World Wildlife Fund (WWF) initiative to accelerate action toward a net-zero future.
Visa’s net-zero commitment is aligned with emerging global standards and definitions and will include efforts with suppliers to abate a significant portion of the greenhouse gas footprint of the company’s purchased goods and services.
Visa also has committed to set science-based targets through the Science Based Target initiative at the 1.5 degree Celsius ambition level. These new commitments join Visa’s existing sustainability leadership, including its transition to 100 percent renewable electricity usage in 2020.
Visa said it is expanding its initiatives to use its products, services, network, data, payments expertise and brand to support sustainable commerce and the transition to a low-carbon economy.
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