One of Nigeria’s shopping online sites, Jumia has released its first Environmental Social Governance Report outlining its ESG strategy with an overview of its current sustainability practices.
The report draws on Jumia’s 2021 non-financial data and provides disclosures in line with Sustainability Accounting Standards Board (SASB) materiality topics for e-commerce entities as well as the UN Sustainable Development Goals (UN SDGs).
While recognising the importance of standard ESG focus areas, Jumia draws attention to the unique role that e-commerce plays in advancing more equal opportunities in Africa.
As such the company has made its mission, “Leveraging technology to improve everyday lives in Africa,” the first pillar of its sustainability strategy.
The report gave five material themes in the context of its sustainability strategy which includes minimizing the impact on the environment, providing conveniences, affordability, and accessibility for consumers, empowering sellers, partners, and communities, building and engaged inclusive, and diverse workforce, and operating with strong governance and ethical standards.
“We are proud that through our actions and our ecosystem we are contributing to social development, generating employment and business opportunities, and closing inequality gaps for thousands of people,” said Jumia Co-Founders and CEOs Sacha Poignonnec and Jeremy Hodara.
“It is exciting to note that we have endless opportunities to make choices which are good for our business and also good for our people, communities, and the planet. As a growing entity on the path to profitability, this alignment between sustainability and our business objectives is a critical success factor,” said Jumia Chief Sustainability Officer and Chairwoman Nigeria Juliet Anammah.
According to Jumia’s ESG report, the publication of the company’s year-end financial results highlighted by the fourth quarter of 2021 marked meaningful acceleration and growth momentum with new records reached across all usage metrics.
Quarterly active consumers, orders, and GMV reached all-time highs of 3.8 million, 11.3 million, and $330 million respectively, increasing by 29%, 40%, and 20% year-over-year, respectively.