MTN is committed to empowering the communities we serve by driving digital and financial inclusion, advancing climate action, and fostering economic growth. Through strategic investments in connectivity, sustainability, and diversity, we enable broader access to opportunities, strengthen local economies, and support long-term national development.
“We are committed to protecting our planet and achieving Net Zero emissions by 2040”
“We are committed to driving digital and financial inclusion and a diverse society”
“We are committed to partners and stakeholders to create and protect value”
reduction in Scope 1 and 2 emissions
broadband coverage
women representation
by 2040
by 2025
women representation by 2030
Sustainability remains a core driver of MTN's long-term resilience and competitiveness. By integrating ESG principles – advancing Net Zero, strengthening governance, and promoting responsible AI – we mitigate risks, enhance stakeholder trust, and unlock new growth opportunities. In an evolving global landscape, MTN remains committed to sustainability as both a business necessity and a catalyst for positive impact.
“We are committed to boosting inclusive economic growth on the continent”
| Ratings agency | Changes on prior year | ||
| S&P Global ESG rating |
MTN's S&P Global ESG score has improved from 45 in 2023 to 49 in 2024, reflecting progress in the company's sustainability and governance initiatives. This increase aligns with S&P's revised methodology, which now incorporates company disclosures, media analysis, and stakeholder engagement for a more comprehensive assessment. To maintain a competitive edge, enhancing talent attraction and retention remains a key focus. While MTN has made significant strides in aligning with international ESG best practices, further strategic improvements will strengthen its sustainability framework and long-term resilience. |
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| Morgan Stanley Capital International (MSCI) |
MTN's MSCI rating remains unchanged at ‘AA' for 2024, reflecting its strong corporate governance and competitive standing among global peers. The company maintains robust labour management practices, including annual job satisfaction surveys and alignment with international labour conventions, reinforcing its commitment to employee rights. MTN's Board structure remains a key strength, with a majority independent Board and fully independent key committees overseeing risk, nominations, pay, and audit—safeguarding investor interests. Additionally, the company has a performance-based clawback provision to recover incentives tied to potentially misstated accounts, further enhancing governance integrity. |
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| FTSE Russel |
MTN's FTSE4Good rating has slightly declined from 3.9 in 2023 to 3.8 in 2024, signalling a marginal shift in its environmental, social, and governance (ESG) performance. Despite this, MTN continues to uphold strong corporate governance practices, including a majority independent Board and fully independent key committees, reinforcing investor confidence. The company's labour management policies remain well aligned with international standards, ensuring commitment to employees' rights and satisfaction in the workplace. As part of its ongoing ESG strategy, MTN remains focused on addressing areas of improvement to enhance its sustainability performance. |