NGX, GRI, NGX Regco foster Nigeria’s ESG goals
... build capital market capacities
Nigerian exchange Limited (NGX) through its X-academy, collaborated with NGX regulation Limited (NGX regco) and global reporting initiative (gri), on a capacity building session in sustainability reporting and environmental, Social and governance (esg) disclosures for listed corporates.
The training, which took place on Thursday November 17, 2022 was designed by the exchange to build the capacities of stakeholders in the capital market on the business case for sustainability integration, reporting and esg disclosures based on updates made to the NGX Sustainability Disclosure guidelines and the revised gri Sustainability reporting Standards and global trends.
it explored the values of sustainability integration to listed companies, investors, and other stakeholders; barriers to integration; the role of business and sustainability reporting in enabling development; regulatory requirements; and the principles/concepts of sustainability reporting.
Speaking at the event, Chief executive Officer of NGX regco, Tinuade awe ably represented by the Head, Listings regulation, NGX regco, godstime iwenekhai, emphasized the importance of sustainability reporting following the NGX Sustainability reporting guidelines and complying with esg standards. “From the business perspective, companies are increasingly becoming aware of the benefits associated with incorporating esg frameworks into business operations including strengthening corporate reputation, mitigating operational risks, attracting sustainable investors, and generating long-term value.