Jumia Details Role Of Technology In Improving African Lives
Jumia yesterday released its first Environmental Social Governance (ESG) Report, outlining its strategy to improve lives of people in its ecommerce operational markets in Africa.
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).
The report highlights five material themes in the context of its sustainability strategy such as minimizing Impact on environment; Providing Convenience, Affordability and Accessibility for Consumere; Empowering sellers, partners, and communities; Building an engaged inclusive and diverse workforce and Operating with Strong Governance and Ethical Standards.
Jumia co-founders and CEOs Sacha Poignonnec and Jeremy Hodara, said “ We are proud that our actions and our ecosystem we are contributing to social development, generating employment and business opportunities, and closing inequality gaps for thousands of people.’’
Jumia Chief Sustainability Officer and Chairwoman Nigeria Juliet Anammah said “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.
Jumia’s ESG Report follows the publication of the company’s year-end financial results highlighted by the fourth quarter of 2021 which 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 per cent, 40 per cent and 20 per cent year-over-year, respectively.
