As part of the Exchange’s sustainability commitment to seek partnership with reputable multilateral organisations, The Nigerian Stock Exchange (NSE) became an Organisational stakeholder of the Global Reporting Initiative (GRI) in October 2015. This partnership provides one platform and source of resources to drive sustainability performance and disclosure in the Nigerian Capital Market. Currently, The NSE is working with the GRI Africa office on the Sustainability Disclosure Guidelines.
The NSE Sustainable Roadmap: The Nigerian Stock Exchange is currently implementing a strategic plan that will stimulate the appropriate application of relevant sustainability imperatives in the Nigerian capital market. This process which will be implemented in phases includes:
• High-level engagement process with listed companies, investors and capital market community
• Development of Sustainability Reporting Guidelines
• Sustainability Reporting & Disclosure training and certification for stakeholders
The Nigerian Capital Market Sustainability Conference: The Nigerian Stock Exchange (NSE) in partnership with Ernst and Young (EY) and Global Reporting Initiative (GRI) hosted the inaugural “Nigerian Capital Market Sustainability Conference” (CMSC) on Friday, November 13, 2015 in Lagos, Nigeria.
This stakeholder engagement and knowledge sharing conference had the active participation of listed companies, dealing firms, investors, civil society and regulators. The event presented a platform to dialogue on business value of sustainable investment, enhancing corporate transparency and ultimately performance on environmental, social and governance (ESG) issues.
Recommendations from the Plenary Sessions and CEO Roundtable supported the introduction of the proposed Sustainability Disclosure Guidelines. See conference details from communique and event pictures