NGX begins climate assessments to unlock green capital

The Nigerian Exchange Group (NGX) has commenced baseline assessments under its N-Zero initiative aimed at helping local corporations strengthen climate readiness and position themselves for green capital. The initiative, launched in January in partnership with DEG Impulse gGmbH and Africa Foresight Group, will evaluate companies across climate-risk management, emissions reporting, target-setting, and technical capacities to identify key operational gaps.

Over 50 companies have already been engaged, with 17 formally onboarded as community members and more than 100 receiving the baseline survey. The onboarded firms include Access Holdings, Dangote Cement, United Bank for Africa, Stanbic IBTC Holdings, First HoldCo, Fidelity Bank, Zenith Bank, Wema Bank, NEM Insurance, Chapel Hill Denham, BUA Cement, Caverton Offshore Support Group, Presco, Oando, HBM Nigeria, Seplat Energy, and Skyway Aviation Handling Company.

The exchange's Group Managing Director/CEO, Temi Popoola, emphasized that net-zero alignment is becoming vital for corporate survival and funding, stating that the transition to a net-zero economy is increasingly becoming a factor in competitiveness, investor confidence, and access to capital. Following the baseline study, participating entities will undergo digital diagnostics and technical reviews to refine their target-setting and execution roadmaps.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.