NGX Launches N-Zero Initiative for Climate Readiness

Nigerian Exchange Group Plc (NGX) has launched corporate baseline assessments as part of its N-Zero initiative, aimed at improving climate readiness among local corporates and enabling them to access green capital. This initiative, which began in January in collaboration with DEG Impulse gGmbH and Africa Foresight Group, focuses on transitioning businesses from climate pledges to actionable strategies, including emissions measurement and participation in carbon markets.

The baseline assessment will evaluate companies on climate-risk management, emissions reporting, target-setting, and technical capacities to identify operational gaps. To date, over 50 companies have engaged with the initiative, with 17 formally onboarded as community members and more than 100 receiving the baseline survey.

Notable onboarded firms include Access Holdings, Dangote Cement, and Seplat Energy. Mr. Temi Popoola, Group Managing Director/CEO of NGX, emphasized the importance of net-zero alignment for corporate survival and funding.

The baseline study is expected to be completed by September 2026, followed by technical support sessions in October and November.