The Financial Reporting Council (FRC) of Nigeria has urged business leaders to make sustainability reporting a strategic boardroom priority, stressing that organisations that embrace transparent environmental, social and governance (ESG) disclosures will be better positioned to attract investment, access finance and remain competitive in the global economy.
Rabiu Olowo, Executive Secretary and Chief Executive Officer of the FRC, who was represented by Abubakar Rasaq, Head of the Sustainability Reporting Regulations Department, made this call on Monday in Abuja at the 5th Annual Nigeria Employers’ Summit organised by the Nigeria Employers’ Consultative Association (NECA).
Speaking on the theme, “Mandatory Sustainability Reporting: A Catalyst for Competitiveness, Access to Finance and Sustainable Growth in Nigeria,” Olowo said sustainability reporting had evolved beyond a regulatory requirement to become a critical business tool for long-term value creation and resilience.
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He noted that investors, lenders, customers and employees increasingly demand greater transparency on how organisations manage environmental, social, governance and climate-related risks, making sustainability disclosures essential for building trust and confidence.
