The Nigerian Stock Exchange (NSE) has announced the launch of Facts Behind the Sustainability Report (FBSR), with Dangote Cement Plc (DCP) presenting at the maiden edition coming up Thursday May 29th at the Stock Exchange House, Lagos.
Styled after the NSE’s flagship Facts Behind the Listing and Facts Behind the Figures event series, the Facts Behind the Sustainability comes as part of efforts of the NSE to consistently champion sustainable practices in the African capital markets.
Commenting on the launch of the FBSR, the Chief Executive Officer of the NSE, Mr. Oscar N. Onyema, OON highlighted the importance of better ESG reporting as key to strengthening capital markets and achieving a sustainable global economy.
‘’The Exchange is strategically positioned to influence the adoption of globally recognized sustainability standards by Nigerian businesses and we continue to highlight the importance of sustainable business practices in delivering value to our listed companies and investing public to support economic growth”.
He further explained that it is expected that the FBSR will further promote the adoption of Environmental, Social and Governance (ESG) practices, reporting, and disclosure and as well encourage responsible long-term approaches to investment.
According him, the Facts Behind Sustainability Report provides a platform for listed companies to address stakeholders with in-depth analysis of their sustainability initiatives, as well as spotlight stakeholder engagements, materiality, standardization and overall disclosures.
Onyema also explained that it will further consolidate the NSE’s efforts in partnering with listed companies to create value through reporting
‘’we are happy to launch the NSE Facts Behind the Sustainability Report to facilitate more meaningful engagement between investors and listed companies on ESG risks and opportunities.
We welcome the Executive Management of Dangote Cement Plc for the maiden edition of FBSR to brief the investing community on details of their first ever stand-alone sustainability report.
It is our belief that this giant step taken by DCP will encourage other listed companies, especially those on the Premium Board, to come for their FBSR at The Exchange.
This will provide them the platform to showcase their efforts in sustainability and corporate governance as well as address investors’ requirements on ESG issues”.
Earlier this year, the NSE hosted a Sustainability Reporting Implementation Workshop in partnership with Global Reporting Initiative as a way of helping listed companies adopt reporting principles discussed in the recently launched NSE Sustainability Disclosure Guidelines.