Seplat Energy Plc has emerged winner of the Best in Sustainability Reporting Award at the maiden Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd (NGX RegCo).
The recognition was announced in Lagos at the ICAN/NGX RegCo Awards ceremony held It was a platform to recognise the top 30 most capitalised companies listed on the Nigerian Exchange Ltd (NGX) for the 2022 financial reporting year.
The awards underscored ICAN and NGX RegCo’s shared commitment to fostering transparency, accountability, and international best practices within the private sector. The evaluation criteria included financial reporting, corporate governance, and sustainability reporting.
Speaking at the ceremony, the president of ICAN, Dr. Innocent Okwuosa, lauded NGX RegCo for ensuring better disclosures and reporting among listed companies.
Okwuosa noted that corporate reporting over time had evolved, as there was a shift from a primary focus on financial reporting to the increasing request to incorporate social and environmental disclosures. He stated that the latter had evolved and had been differently propagated, including but not limited to environmental, social, and governance (ESG) disclosures and late sustainability disclosures.
The Chief Executive Officer of NGX RegCo, Mr. Olufemi Shobanjo, in his address said that transparency is one of the key drivers of any economy. Shobanjo stated that transparency ensures full disclosure of information by entities and that such information is easily accessible to members of the public to make informed decisions.