Our ESG Proposition
Along with the growth of its portfolio, Tetracore Energy is committed to operating in a responsible manner and adheres to best international practices of corporate governance, stakeholders’ relations, and environmental impact management. The company’s business is aligned with several of the UN Sustainable Development Goals (SDGs) and offers a strong ESG proposition centered around access to affordable and reliable energy, decarbonization, industrialization, socio-economic growth, and the reduction of poverty.
Energy Access
Tetracore Energy operates in countries where energy access is limited and relies on expensive and polluting sources such as charcoal, wood, and diesel. The company’s investments aim at growing the penetration of cleaner, cheaper, and locally available alternatives such as natural gas, LNG, LPG, and CNG.
Poverty Reduction
Tetracore Energy’s business proposition is aligned with national development plans that seek to deepen energy access while supporting industrialization to support trade, local jobs creation, and economic diversification.
Decarbonization
By making gas available to power plants, industries, and households, Tetracore Energy plays a significant role in building a more sustainable energy mix by displacing diesel in industry and charcoal/wood in households.
Industrialization
As Africa rolls out the world’s largest free trade areas, governments are pushing ambitious industrialization agendas to grow the local processing and manufacturing of all kinds of products locally. In that context, Tetracore Energy is supporting the expansion of Africa’s industrial base by offering energy solutions for the industrial and manufacturing sectors in need of stable and affordable electricity and gas feedstock.
Economic Growth
In addition to supporting job creation, gas also has a strong multiplier effect across local economies because of the span of its value chain and its possible usage across sectors (electricity, cooking, heating and cooling, transport, and manufacturing of fertilizers, petrochemicals, cement, steel, etc.). By supporting gas penetration across key African economies, Tetracore Energy is an indirect enabler of socio-economic growth within growing commercial and urban centers on the continent.
Why Gas?
Tetracore Energy believes in just energy transition that addresses Africa’s socio-economic development needs while paving the way for long-term decarbonization of the continent’s energy and electricity mix. Our focus on gas is aligned with the Nigerian government’s “Decade of Gas” initiative and is in line with the development aspirations of several other countries in West Africa.
As a company, we recognize the importance of gas for its ability to decarbonize the energy mix in the short term while addressing rampant energy poverty and maximizing socio-economic development benefits.
