Jumia has launched its first Environmental Social Governance Report, which outlines its ESG strategy and provides an overview of the company’s current sustainability efforts.
The report is based on Jumia’s non-financial statistics for 2021 and includes disclosures in accordance with the Sustainable Accounting Standards Board’s (SASB) materiality topics for e-commerce entities as well as the United Nations Sustainable Development Goals (UN SDGs).
While recognising the importance of standard ESG focus areas, Jumia says it 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 highlights five material themes in the context of its sustainability strategy: Environment, Social which includes providing Convenience, Affordability and Accessibility for Consumers, empowering sellers, partners, and communities, building an engaged inclusive and diverse workforce and Governance.
“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.
Jumia’s ESG Report comes after the company’s year-end financial results, which were highlighted by a significant acceleration and growth momentum in the fourth quarter of 2021, with new records set across all usage indicators.Quarterly active consumers, orders, and GMV all hit new highs of 3.8 million, 11.3 million, and $330 million, respectively, up 29 percent, 40 percent, and 20 percent year over year.
