NGX mandates full disclosure from companies

The Chief Executive Officer of NGX Regulation Limited, Ms. Tinuade Awe, says there is a need for corporate bodies to adopt sound procedures in reporting on their environmental and social impact.

According to a statement, she spoke during a webinar hosted by the Corporate Secretaries International Association to explore how businesses and organizations could carry a full 360 approach to market disclosure.

It focused on how companies can comply with regulations and standards. The program was themed, ‘Unlocking ESG for boards from strategy to disclosure’.

Speaking on the importance of measuring and reporting sustainability performance for companies, Awe said, “Our world today is facing major sustainability challenges including inequality, overpopulation, climate change, and several environmental risks.

“By recognizing that capital allocation makes a real impact on the environment and society at large, investors can reap sustainable long-term investment decisions through investments in ESG-themed investments.

“Furthermore, adopting an ESG-lens in our approach to investment is critical for investors to identify businesses that implement a forward-looking approach to managing long-term risks and leveraging opportunities that ensure long-term economic, environmental, and social responsibility.”



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