Flour Mills of Nigeria
Flour Mills of Nigeria is one of Africa's largest agribusinesses, involved in the production of grains, oils and fats, sweeteners, feed and proteins, and starches. With a flour milling capacity of approximately 9,310 metric tones per day, the company is one of the largest milling companies in Nigeria. Through its subsidiary networks, Flour Mills of Nigeria cultivates and processes locally grown crops such as sugar cane, soybean, cassava, maize and oil palm. The company also manufactures and distributes agri-inputs such as seeds and fertilizers. In addition to food and agribusiness, Flour Mills of Nigeria provides support services such as packaging, power generation and transport logistics.
Segment ranking summary
Flour Mills of Nigeria is active in the agricultural products and commodities and food and beverage manufacturers/processors segment. In environment and nutrition, Flour Mills of Nigeria is among the weakest performers in both segments on relevant topics such as greenhouse gas (GHG) emissions, food loss and waste, labelling and food safety. In social inclusion, the company performs on average on farmers’ resilience in the agricultural products and commodities segment, while it ranks in the bottom half of companies in food and beverage processors on the same topic. However, Flour Mills of Nigeria does not provide commitments on human rights and labour rights, as well as evidence of monitoring and due diligence systems as opposed to its peers. The company performs better than the majority in governance and strategy, thus showing an opportunity to align with the leading companies by enlarging its disclosure on the topics.
Leading practices
Risks and opportunities
Core social indicators
The core social indicators are part of the social inclusion measurement area. These indicators assess societal expectations of business conduct that companies should meet if they aspire to be part of a system transformation that leaves no one behind.
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More about the company
- Headquarters
- Lagos, Nigeria
- Food and agriculture revenue USD
- 1,517,239,300
- Group revenue USD
- 1,517,239,300
- Onwnership structure
- Publicly listed
- Number of employees
- 5,027
- Website
- https://fmnplc.com
