ESG METRICS FOR ORGANISATIONAL DIAGNOSTIC ASSESSMENT OF ESG COMPLIANCE LEVELS FOR NIGERIAN COMPANIES

ENVIRONMENTAL, SOCIAL AND GOVERNANCE METRICS FOR ORGANISATIONAL DIAGNOSTIC ASSESSMENT OF ESG COMPLIANCE LEVELS FOR NIGERIAN COMPANIES

According to a United Nations fact sheet, Africa accounts for only 2-3% of the world’s carbon dioxide emissions. However, the effects of climate change and biodiversity losses are far reaching in the African region. For this reason amongst others, there is a growing awareness of the importance of ESG across Africa. 

In Nigeria, the Companies and Allied Matters Act 2020 aims to instil an awareness of environmental preservation into the corporate governance framework of businesses operating in Nigeria, by making it a crucial component of directors' fiduciary obligations.

ESG, which stands for Environmental, Social, and Governance refers to a set of metrics used to describe the transparency, sustainability, and performance of a company. When the ESG metrics are factored into a company's operational strategy, long-term profitability can be attained. It also provides a way to measure business risks and opportunities in those areas. In capital markets, some investors use ESG criteria to evaluate companies and help determine their investment plans, a practice known as ESG investing. 

The ESG checklist for Nigerian companies provides key questions relating to the ESG parameters: Environment, Social and Governance; that will enable organisations track their compliance levels with mandatory and ideal best corporate ESG practices.

Please reach out to us at [email protected] to support your company in attaining best practice ESG compliance levels, in line with the National and Global sustainability agenda.