The Securities and Exchange Commission (SEC) has restated its firm commitment to championing the promotion of sustainable financing by formulating necessary rules and regulations.
This was even as the Commission urged the Federal Government to leverage Environmental, Social and Governance (ESG), to catalyse and enhance the state of infrastructure in the country to promote the deepening of domestic capital market. Its Director-General, Lamido Yuguda, made this known at a one-day workshop themed; ESG and Sustainable Finance;
The Future of Investments organised in collaboration with the Financial Centre for Sustainability, Lagos in Lagos recently. Whilst stating that the world has found itself at a critical juncture where it must urgently consider the devastating impact of climate change, inequality, conflict and insecurity vis-à-vis the need for responsible corporate behavior, Yuguda explained that there is a need to ensure investment practices align with ESG considerations.
According to him, Nigeria has the opportunity to drive positive changes through the focused promotion of ESG and sustainable finance in its financial markets.
