NGX begins climate assessments to unlock green capital

The Nigerian Exchange Group (NGX) has launched its N-Zero initiative, which includes corporate baseline assessments to help Nigerian businesses transition from climate pledges to practical execution. The initiative, launched in January in partnership with DEG Impulse gGmbH and Africa Foresight Group, aims to strengthen climate readiness and unlock green capital for local corporations.

The baseline assessment will evaluate companies across climate-risk management, emissions reporting, target-setting, and technical capacities to identify key operational gaps. So far, N-Zero has engaged over 50 companies, with 17 formally onboarded as community members and more than 100 receiving the baseline survey. The initiative targets assisting participating firms in developing science-aligned targets, facilitating carbon-offset projects, and aiming for an overall reduction or avoidance of about 20,000 tonnes of carbon dioxide equivalent emissions.

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