IMPROVING CORPORATE SUSTAINABILITY: THE DEVELOPMENT, SIGNIFICANCE, AND PROSPECTS OF NIGERIA’S ESG REPORTING SYSTEM.

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2nd May 2024
By Christian Oyewale 

 

 

 

 

IMPROVING CORPORATE SUSTAINABILITY: THE DEVELOPMENT, SIGNIFICANCE, AND PROSPECTS OF NIGERIA’S ESG REPORTING SYSTEM.

  1. INTRODUCTION

In recent times, Environmental, Social, and Governance (ESG) has evolved as an important index in examining a company’s sustainability and moral standards. In an effort to incorporate environmental, social, and corporate governance considerations into the plans and operations of businesses in the financial sector, the United Nations and major financial institutions launched an initiative that gave rise to the term “ESG.” ESG considerations are now relevant to all business sectors and industries and have progressed beyond finance. Nigeria, as a developing country with a growing economy, has also realized the value of ESG reporting in luring capital, encouraging ethical business conduct, and tackling urgent social and environmental concerns. This realization has birthed various efforts to promote ESG reporting in the country.

Against the foregoing background, this piece considers the evolution, impacts, prospects, and challenges of ESG reporting within Nigeria; makes recommendations for charting a way forward in this regard.

For the full article, please click the link.

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