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FG To Partner NGX On Climate Disclosure, Data

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NGX Year End Closing Gong Ceremony

…Federal Government is set to partner NGX on climate disclosure, data

Olushola Okunlade Writes

The Federal Government of Nigeria through the Minister of State for Environment, Chief Sharon Ikeazor, says it will continue to collaborate with Nigerian Exchange Limited (NGX) to build a framework that will help issuers navigate climate disclosure and ultimately improve the climate data available to the investment and finance community.

The Minister of State for Environment stated this during the Digital Closing Gong Ceremony hosted by NGX to mark the end of trading for the year 2021 on Friday, December 31, 2021.

Ikeazor noted that NGX has played an exemplary role in Nigeria’s commitment to mitigating the effects of climate change. She added that climate change is a serious and long-term threat to which “Nigeria has continued to show commitment to the goals of the Paris Agreement on Climate Change with our revision of the Nationally Determined Contributions (NDCs) pre-COP 26 and also the recent accent of the Climate Change by Mr. President which provides, amongst other things, the mainstreaming of climate changes in the country and the establishment of Council on Climate Change to be chaired, Mr. President”.

With the step taken immediately after COP26, Nigeria has further demonstrated its commitment towards the Paris Agreement on Climate Change. As part of measures to comply with the National Determined Contributions (NDC) in emissions reduction to climate change in Nigeria, the Federal Government launched the Nigeria Deep Decarbonization Project”, she explained.

From Up to Down, Left-Right: Honourable Minister of State for Environment, Chief Sharon O. Ikeazor; Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola, CFA; Ag Head Business Support Services Division\General Counsel| Head Legal Services (NGX), Mrs Irene Robinson-Ayanwale and Divisional Head, Trading Business, NGX, Mr Jude Chiemeka during the Digital Closing Gong held in honour of the Minister as she brings 2021 trading activities to a close, on 31st December 2021.

The Minister further added that investors are increasingly working together in response to climate change and added that the Federal Government will continue to engage NGX on climate disclosure and data. “I hope there would be a continuous collaboration between Nigerian Exchange Limited and the Federal Ministry of Environment to build a framework that will help issuers navigate climate disclosure, associated engagement with their shareholders, and ultimately improve the climate data available to the investment and finance community. Partnership with NGX will provide investors with important new tools to enable capital reallocation”, the Minister said.

In welcoming the Honourable Minister, the Chief Executive Officer, NGX, Temi Popoola, said, NGX remains resolute in its commitment to promoting sustainable finance because it recognises that urgent action is required to combat climate change and its impact as incorporated in the Paris Agreement on Climate Change and Goal 13 of the Sustainable Development Goals (SDGs).

Popoola said, “We are committed to fostering the growth of sustainable financial products which integrate the financial risks and opportunities associated with climate change and other environmental challenges. NGX has shown a strong commitment to sustainable finance over the years. In 2016, NGX collaborated with the Ministry of Environment and the Debt Management office to deepen the Green Bond market. This effort led to the issuance of the maiden N10.69 billion ($25.8 million) 13.48 per cent 5-year green bond in 2017 to fund projects to develop renewable energy. The second tranche, N15 billion ($36.1 million) 14.5 per cent 7-year Green Bond was issued in June 2019 and was over-subscribed.

In 2017, NGX played host to a conference on Sovereign Green Bonds which served as a strategic engagement between the Federal Government and financial market players on the prospects of investing in sustainable development.

Capital Market

NGX, GRI, PRI Set To Host Webinar On Responsible Investing

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX), in collaboration with Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) is set to host a webinar on the role of ESG metrics and data in enabling responsible investing, on Wednesday, 29 June 2022, at 11:00 am (WAT).

The webinar themed, “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, is aimed at investors, companies, market regulators, and practitioners interested in understanding ESG metrics/data required by investors to make sound investment decisions. 

The interested participant can register for the free webinar on https://bit.ly/ngx_erid

Speaking about the event, the Divisional Head, Business Support Services, NGX, Irene Robison-Ayanwale, noted that; “The increase in sustainable and responsible investment has put ESG metrics higher up on the list of performance considerations, as many investors now prefer to use their money to create change in the world. Investors increasingly rely on a wide range of ESG data when deciding where to invest their money. The webinar which is in line with the Exchange’s commitment to foster the growth of long-term sustainable finance in the Nigerian capital market will drive conversations on how decision-useful ESG data plays a key role in investment decisions”. 

Confirmed speakers at the webinar include Temi Popoola, CEO, Nigerian Exchange Limited; Chinua Azubike, CEO, InfraCredit; Dave Reubzaet, Director, Capital Markets, GRI; Darron Scorgie, Head of Africa, Signatory Relations, PRI; Temilade Aduroja, Head of Investor Relations, Dangote Cement Plc, Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited and Nicole Martens, Senior Stewardship Professional, Old Mutual Investment.

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX), in partnership with Global Reporting Initiative (GRI) Africa, and Principles for Responsible Investment (PRI), has announced to hold a webinar tagged Empowering Responsible Investing through Data Metrics and ESG Integration’, scheduled to hold on Wednesday, 29th June at 11:00 am-12:30 pm WAT.

As part of the Exchange’s initiatives to foster the growth of long-term sustainable finance, the webinar will drive conversations on how ESG data plays a key role in investment decisions. 

The session will also deepen investors, companies, market regulators, and practitioners’ knowledge in understanding ESG metrics and data in order to make informed choices.  

Register now for free: https://bit.ly/ngx_erid

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NGX CEO, Temi Popoola Reassures Stakeholders Of NGX’s Commitment To Lead Charge In Unlocking Capital For Sustainable Earth

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World Environment Day - Only One Earth

World Environment Day – Only One Earth; June 5th, 2022

Olushola Okunlade Writes

Mr. Temi Popoola, CFA Chief Executive Officer, Nigerian Exchange (NGX) Limited has reassured stakeholders of NGX’s commitment to lead the charge in unlocking capital for sustainable earth on World Environment Day, June 5, 2022.

Popoola said: “We live in a world where the top global risks, in terms of likelihood, are associated with a looming environmental and climate crisis. The impacts of climate change such as warming temperatures, change in precipitation, and an increase in the frequency or intensity of some extreme weather events are expected to have a significant impact on global food value chains.

“Securities exchanges are uniquely positioned at the heart of the financial industry, facilitating the effective and efficient allocation of resources for the purpose of economic growth and development. As the sustainable Exchange championing Africa’s growth, NGX has a unique opportunity to advance sustainable development and combat climate change by fostering the growth of long-term sustainable finance in new ways that reflect the times that are characteristic of the world we live in today. Accordingly, NGX collaborated with Debt Management Office (DMO) and the Federal Ministry of Environment, in developing Africa’s first fully certified green bond, the debut Federal Government Sovereign ₦10.69 billion Green Bond, and the Exchange is positioned to deliver more impact through sustainable finance”.

In his statement, NGX’s CEO said: “As we celebrate World Environment Day today, with the theme “Only One Earth”, I would like to reassure you of NGX’s long-standing commitment to fostering the growth of long-term sustainable finance in Nigeria. I look forward to your unwavering support as we work to build a new normal that would help accelerate the achievement of sustainable development and climate change priorities across Africa and a world where we can live sustainably in harmony with nature.”

Please read my letter reassuring our stakeholders of NGX’s commitment to lead the charge in unlocking capital for a sustainable Earth

Happy World Environment Day!

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