Reporting Template on Sustainable Financial Principles for The Nigerian Capital Market

This comprehensive reporting template provides a framework for regulated entities in the Nigerian capital market to effectively disclose their adherence to the Sustainable Financial Principles (SFPs). Developed by the Securities and Exchange Commission (SEC), the SFPs outline a set of principles for promoting sustainable financial practices and aligning financial activities with environmental, social, and governance (ESG) considerations.

Enhancing Transparency and Accountability:

The reporting template serves as a crucial tool for enhancing transparency and accountability among regulated entities, enabling them to demonstrate their commitment to sustainable practices and fostering stakeholder trust. By providing standardized guidelines for ESG disclosure, the template promotes consistent and comparable reporting practices across the Nigerian capital market.

Essential Elements of Sustainable Reporting:

The reporting template encompasses a range of essential elements, including:

• ESG Policy and Governance: Disclosure of the entity's ESG policy, governance structure, and risk management practices related to ESG matters
• ESG Performance Indicators: Reporting on relevant ESG metrics and performance indicators, covering environmental, social, and governance aspects
• ESG Targets and Strategies: Articulation of the entity's ESG targets, strategies, and initiatives for achieving sustainable development goals
• ESG Risks and Opportunities: Identification and assessment of ESG risks and opportunities faced by the entity
• ESG Engagement and Stakeholder Dialogue: Demonstration of the entity's engagement with stakeholders on ESG matters

A Catalyst for Sustainable Finance:

The implementation of the reporting template is expected to play a catalytic role in advancing sustainable finance within the Nigerian capital market. By encouraging transparency, accountability, and informed decision-making, the template will contribute to a more sustainable and responsible financial system