Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
TRANS-NATIONWIDE
EXPRESS PLC
SUSTAINABILITY
REPORT
FOR THE YEAR
ENDED
31ST DECEMBER 2023
Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
TRANS-NATIONWIDE EXPRESS PLC SUSTAINABILITY REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2023
Nigeria is our home, we drive her growth. At TRANEX we seek to support sustainable development in Nigeria, by doing the right business, the right way.
The TRANEX approach to sustainability is underpinned by an evidence- based and stakeholder-driven strategy through long years of experience and service in the courier and logistics space in an evolving emerging market like Nigeria.
To be the preferred logistics company in Africa. This vision has kept our company sustained and focused with leverage on our core values which includes; integrity, customer satisfaction, Innovation, Team work and Social responsibility.
We closely monitor how our operations affect the flow and interact with greater economic, social, and environmental systems. As a company data collection is key and we use these data to improve our positive impacts on our stakeholders and communities, while working to minimize and eliminate negative impacts on communities and the natural environment. We use that focus to identify initiatives that would best satisfy our objectives.
This sustainability report covers the activities of our Company for the period 1st January 2023 to 31st December 2023 and complements the integrated report for the same period. The report aims to provide a balanced, accurate
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
and accessible overview of our strategy and performance relating to socio- economic, environmental issues and ethics and human rights. The report aims to provide a more strategic view of our sustainability efforts and more comprehensive information.
WHO ARE WE?
Trans-NationwideExpress Plc (TRANEX) is a leading Logistics Company engaged in domestic and International Express delivery, haulage, freight and other ancillary transportation and storage services. It is a wholly owned Nigerian company which was established in 1984 as TNT Skypak Nigeria Limited. In 1992 the name was changed to Trans-nationwide Express Plc. With a share capital of N250,000,000 and over 4,000 shareholders, it sought and obtained listing on the Nigeria Exchange Group (1st tier) in 1993. It is currently one of the only two Logistic Companies in Nigeria quoted on the Nigerian Exchange Group.
OUR SERVICES
The company offers Express deliveries (Domestic and International) Logistics, Mailroom Management, Removals, Mass Mailings, Shipping, Freight, Clearing and Forwarding, Warehousing &
products order fulfillment, Biopharm/Cold Chain Solutions, E- commerce, SME's deliveries, Cash Cargo and Dedicated Motorised Services.
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
OUR OFFERING
TRANEX offers speed of delivery of all shipments entrusted to its care; security of shipments; strong domestic network; personalized and flexible service; all these at a very competitive price. Transit times range between twelve (12) hours for Intracity mails, twenty four hours
- for airport cities, thirty six hours
-
for non-airport cities. All shipments ride in customized rain-proof, tough and tamper-proof flyers. Besides, all shipments are moved in bags with pre- numbered bag seals.
TRANEX has offices and centers in over 50 locations nationwide with new ones opened as the need arises. It also has four (4) regional offices in Port Harcourt, Abuja, Lagos and Ibadan.
Above all, the company's tariff regime is not only competitive and flexible; it gives value for money and has a special concession for volume shippers.
OUR INFRASTRUCTURE
Besides the network of offices nationwide, the company has a fleet of motorcycles, delivery vans, buses and trucks. These ensure seamless delivery of clients' consignments nationwide. TRANEX's Track and Trace ensures online tracking of all shipments, which in addition generates - 5 -
Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
automatic proof of delivery on daily, weekly and monthly basis, depending on the client's requirements. All shipments in transit are covered by a Goods-in-transit insurance policy underwritten by one of the industry's best.
OUR CLIENTELE
TRANEX offers Courier and Logistics Support to key players in the Nigerian economy. These include companies in Oil and Gas, Finance, Pharmaceuticals, Telecommunications, Manufacturing, Government etc. It also engages in the movement of raw materials and finished products nationwide. It has the capacity in personnel and infrastructure to deliver anywhere, anytime, irrespective of size or weight, as it stays ahead of competition to deliver quality and value-end services.
THE TEAM
At TRANEX, we're committed to hiring diverse talent and creating a space where employees can be their authentic selves. I'm proud of the inclusive culture we've fostered and know that by continuing to do so, we'll achieve our goals to attract top talent, drive innovation and better serve our customers.
The company is directed by a Board comprising the Chairman, Managing Director and five non-Executive Directors with broad private and public sector experience.
Supporting the Managing Director is a team of five Senior Managers who oversee Operations, Finance, Marketing, Administrative/Human Resources functions and Internal Control. With dedicated, highly skilled and motivated staff with hands-on experience, the company currently provides Courier and Logistics services to over 450 companies in Nigeria, including blue chips.
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
DIRECTOR'S
Mr. Sulaiman Adedokun
Mr. Eric C. Emecheta | Mr. Kayode O. Ajakaiye | Mr. Adebayo A. Adeleke |
Mr. Adegoke J. Olasoko Ms. Daniella F. Suleman | Mr. Oluwasegun I. Adeoye |
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
OUR VISION
To be the preferred logistics company in Africa
OUR MISSION
To exceed stakeholders' expectations by leveraging technology and our people to deliver best in-class logistic solutions.
OUR CORE VALUES
- Integrity
- Excellence
- Innovation
- Team work
OUR BUSINESS SUSTAINABILITY APPROACH
Our sustainability vision is to protect and create shared value for our stakeholders through responsible environmental and social practices. To realize our vision, our sustainability approach is categorized into three pillars that identify the areas we most focus on to ensure we operate responsibly and sustainably.
We're helping to build resilient, just and safe communities in more ways than one. Employees and partners around the world work together to support disaster relief efforts, encourage volunteerism, reduce our environmental impact and give back to underserved communities.
TRANS-NATIONWIDE EXPRESS PLC 's sustainability and success are inextricably linked to the prosperity and wellbeing of the societies in which we operate. We therefore ensure that our core business activities and operations support and contribute to this prosperity and wellbeing, this forms the basis of our approach to Sustainability.
TRANS-NATIONWIDE EXPRESS PLC 's strategic intent of being within the top five in market share in the industry is built around three focal areas namely - market share, return on equity and quality service. Our Company relies on five critical measures of success to assess its performance. The five value drivers encourage
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
not only financial performance but also, performance with respect to our clients and our employees, how we conduct business, and ultimately, the Social, Environmental and Economic (SEE) outcomes for the communities and environments in which we operate.
The SEE framework serves as the core of Sustainability in TRANS-NATIONWIDE EXPRESS PLC. SEE is a shared value business strategy, creating economic value for TRANS-NATIONWIDE EXPRESS PLC whilst producing value for society by addressing societal challenges.
Our Sustainability Practices
At TRANS-NATIONWIDE EXPRESS PLC, we ensure that our sustainability practices are both holistic and inclusive across every part of the Company - Business Operations and Business Activities. Underpinning these, is a strong focus on Environmental and Social Risk Management. We have incorporated sustainability practices in Human Capital, thereby positioning us as an employer of choice. Within Corporate Social Investment (CSI), we perform our responsibilities towards the community within which we do business. We are focused on mainstreaming sustainable business practices into various parts of our operations. We monitor our ecological footprints with respect to the impact of our business operations, in terms of power maximization, waste management, carbon emissions, energy and water efficiency and building designs and architecture that are green. In addition to this, we assess, develop and screen suppliers with a view to ensuring the sustainability of our vendors' activities and their ability to meet our procurement needs and also assist them in mitigating social and environmental costs.
We understand that if deliberate steps are not taken to urgently combat climate change and its impact, it could pose dire consequences to economic and social well-being and development efforts.
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Trans-Nationwide Express Plc.
Parcels Cargo Agro Cold Chain
The Company continuously seek initiatives to reduce energy requirement and manage resources efficiently. Electronic equipment such as air conditioners are being replaced with low energy consuming once.
Our strategy
We view our role in society as protecting and creating shared value for TRANEX PLC and our stakeholders. This includes our ethical and legal responsibilities, as well as creating opportunities to transform lives. In this report, you will find information that describes the ways in which we use our assets and capabilities to respond to needs in the communities in which we operate. You will also find information about how we manage ethics within our operational processes, address human rights and workplace issues, and manage environmental and social challenges.
Stakeholders
To create a net positive impact and to be a responsible business partner, it is critical for us to understand our stakeholders' concerns and to address them appropriately. With the aim of being more responsive to our stakeholders' concerns, a framework for stakeholder engagement was developed at a group level and cascaded to operating countries for customization and implementation.
SUSTAINABILITY PRACTICES
Grievance Mechanism
We strive to ensure that all employees, customers and other stakeholders have a dignified experience in their interactions with TRANS-NATIONWIDEEXPRESS PLC. We are therefore committed to creating a work environment that is free of harassment and intimidation in line with our Code of Conduct and ethics. In line with this principle, we have a grievance mechanism in place providing employees with a platform for reporting grievances and ensuring that grievances are resolved in the best possible way.
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