Chiemeka reiterated NGX’s commitment to responsible investment practices and its role in contributing to the advancement of sustainable finance. The engagement session aimed to promote awareness and understanding of ESG information among investors, encouraging companies to align their disclosures with the GRI standards. Investors seek transparency regarding ESG risks and opportunities, including measurement and monitoring processes, to make informed decisions.
The collaboration between NGX, GRI, and regulatory bodies reflects the growing importance of sustainable finance in Nigeria. It signifies a collective effort to create a more sustainable future, aligning economic growth with environmental and social considerations. By embracing responsible investing practices and integrating ESG factors, Nigeria aims to attract socially responsible investments and foster long-term economic development.
The Investor Engagement session serves as a platform to facilitate dialogue, knowledge-sharing, and collaboration among stakeholders. Through such initiatives, NGX and its partners strive to empower responsible investing and promote sustainable economic transformation in Nigeria.
- Recognition of Sustainable Finance: The Nigerian Exchange Limited (NGX) emphasizes the significance of sustainable finance in driving the transformation of the Nigerian economy. Jude Chiemeka, the Divisional Head of Capital Markets at NGX, highlighted this during the Investor Engagement session held in Lagos. He emphasized that sustainable finance is not merely a buzzword but a transformative force that can positively shape both the economy and society.
- Collaboration with Global Reporting Initiative (GRI): NGX partnered with the Global Reporting Initiative for the Investor Engagement session, aiming to educate the investor community on incorporating environmental, social, and governance (ESG) data into their decision-making processes. Chiemeka praised GRI for its efforts in promoting accountability and responsible business practices, acknowledging their role in shaping the global sustainability reporting landscape.
- Regulatory Measures for Sustainable Banking: Dr Aisha Mahmood, the Special Adviser to the Governor of the Central Bank of Nigeria on Sustainable Banking, delivered the keynote address. She discussed the CBN’s initiatives to enable sustainable banking, including the enforcement of ESG disclosures for banks. Mahmood highlighted the ongoing review of the Nigerian Sustainable Banking Principles to integrate climate risk reporting within the banking sector. This demonstrates the commitment of regulatory authorities to embed sustainability practices in the financial industry.