A financial expert has said that sustainability would help to enhance risk management, strengthening corporate strategy and support operational plans and activities. Speaking in Lagos at one day seminar organised by Nigerian Stock Exchange in partnership with, Global Report Initiative and Ernest and Young, Mr Joseph Owolabi from EY said that high quality sustainability report were robust assessments of material aspects which provide the foundation for the report and its key disclosure.
He said that the corporate strategy underpins the direction a company will take in order to achieve a goal. He described share value as management strategy focused on companies creating measurable business value by identifying and addressing social problems that intersect with their business.
Also speaking, the Chief executive Officer of the Nigerian Stock Exchange, Oscar Onyema said that Exchanges have played a crucial role in building transparent, regulated markets and promoting best practice in financial and cor porate governance disclosure among listed companies.
Onyema who was represented by Executive Director, Capital Market Division of the NSE, Haruna Jalo- Waziri said that today, exchanges are well suited to help with the 21st century sustainable development challenge as they are uniquely placed to facilitate action as regards sustainable business, with a variety of measures at their disposal. These include listing requirements related to sustainability reporting, voluntary initiatives, guidance documents and training for both companies and investors, and sustainable investment products such as indexes that focus on ESG issues.
