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Companies in Nigeria to begin sustainability reporting from 2024

written by olarotimi June 7, 2023
Companies in Nigeria to begin sustainability reporting from 2024

The Federal Government has said companies involved in the climate change fight will begin disclosure of financial accounts starting from January 1, 2024.

It said this initiative which is in line with the International Sustainability Standards Board is to promote transparency and accountability of financial information to investors.

The Executive Secretary of the Financial Reporting Council of Nigeria, Shuaibu Ahmed, made this known today during the inauguration of the Adoption Readiness Working Group in Abuja.

It was gathered that the early adoption of the policy was part of recommendations made during the COP 27 Climate Change Conference held last year in Egypt.

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