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Eko Development, established in 2020 and headquartered in Lagos, Nigeria, is the lead developer of Eko Atlantic City, a new coastal city emerging on Victoria Island adjacent to Lagos, which encompasses 10 million square metres of reclaimed ocean land, protected by an 8.5 kilometre seawall. Eko Development specialises in providing high-end luxury residences in Nigeria.
Summary
Eko Development performs poorly in the 2024 Urban Benchmark, with clear potential to improve its reporting on a number of sustainability topics. Despite its substantial scale and potential influence in shaping sustainable urban environments, the company shows a significant lack of transparency. This makes it vulnerable to environmental and social risks, diminished trust from investors and stakeholders and regulatory misalignment.
To foster transparency and positive change, Eko Development should start by strengthening and reporting on its sustainability governance. The company should identify its most significant sustainability risks and opportunities through a materiality assessment and publish a sustainability strategy that integrates these priorities into its overall business strategy. It is also recommended to assign clear accountability for sustainability to the highest governing body and ensure that its board members have expertise in environmental, social or economic-sustainability topics. The company should also establish public policy commitments to respect human rights. Furthermore, Eko Development should establish measurable, time-bound and, where possible, science-based targets to reduce its negative impacts, while regularly reporting progress against its sustainability goals.
Ranking position
#235
/300
Total score
0.6
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
0.0
/100
Rank (0-300)
#181
Measurement area
Inclusive Cities
Score
# 1
0.0
/100
Rank (0-300)
#225
Measurement area
Healthy Cities
Score
# 1
0.0
/100
Rank (0-300)
#174
Measurement area
Climate Proof & Resilient Cities
Score
# 1
0.0
/100
Rank (0-300)
#170
Measurement area
Core Social Indicators
Score
# 1
2.8
/100
Rank (0-300)
#174
Industries
Industries
Real estate
#76
More about the company
Headquarters
Nigeria
Ownership structure
Private
Revenue
-
Number of employees
-
Website
https://eko-development.com/
63716
