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Rendeavour, established in 2012 and headquartered in Lagos, Nigeria, is a significant player in real estate development and investment in African countries, including Democratic Republic of the Congo, Ghana, Kenya, Nigeria and Zambia. The company's activities focus on long-term urban infrastructure projects, with a portfolio encompassing 121 square kilometers of land in urban development projects.
Summary
Rendeavour performs poorly in the 2024 Urban Benchmark, scoring zero on all indicators related to sustainability governance and environmental performance. Given its significant scale and influence, Rendeavour has the potential to be a leader in shaping sustainable urban environments. However, the company’s lack of disclosure on key sustainability topics makes it challenging to fully understand and evaluate its impact on people and the planet. This lack of transparency makes the company vulnerable to environmental and social risks, diminished investor and stakeholder trust and misalignment with regulatory requirements. It also places the company at a disadvantage compared to its peers, affecting its overall competitiveness.
To foster transparency and positive change, Rendeavour 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. The company is also recommended to assign clear accountability for sustainability to the highest governing body. The company should also establish public policy commitments to respect human rights. Furthermore, Rendeavour is recommended to establish measurable, time-bound and, where possible, science-based targets to reduce negative impacts, while regularly reporting progress against its sustainability goals.
Ranking position
#211
/300
Total score
1.8
/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
3.3
/100
Rank (0-300)
#208
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
5.6
/100
Rank (0-300)
#160
Industries
Industries
Real estate
#72
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