FRC Launches Digital Platform for Sustainability Reporting

The Financial Reporting Council (FRC) is set to deploy a digital platform aimed at enhancing sustainability reporting across public interest entities in Nigeria. This initiative is designed to improve regulatory monitoring and strengthen enforcement capabilities.

The platform will replace the current fragmented and manual reporting processes with a more integrated and transparent digital solution. Chief Executive Officer Dr. Eberechi Weli emphasized that the partnership reflects Nigeria's readiness to embrace advanced data-driven sustainability reporting, supported by artificial intelligence.

The development aims to reduce manual efforts and improve the accuracy of sustainability evaluations across various sectors. Dr. Iheanyi Anyahara, a regulatory compliance advisor, described this initiative as a capacity development effort that will have a significant impact beyond mere regulatory exercises, enhancing credibility and trust in sustainability reports.