NGX N-Zero Initiative Launches Corporate Climate Assessments

The Nigerian Exchange Group (NGX Group) has launched corporate baseline assessments as part of its N-Zero initiative, aimed at helping Nigerian businesses enhance their climate readiness and develop credible pathways to achieve net-zero emissions. This initiative, which began in January in collaboration with DEG Impulse gGmbH and Africa Foresight Group (AFG), focuses on transitioning companies from climate ambition to actionable strategies.

The baseline assessments will evaluate each company's current status regarding climate-risk management, emissions measurement, reporting, target-setting, transition planning, and understanding of carbon-market opportunities. The initiative has already engaged over 50 companies across various sectors, with 17 officially onboarded as community members and more than 100 companies participating in the baseline survey.

Current community members include notable organizations such as Access Holdings, Dangote Cement, and Seplat Energy. Temi Popoola, GMD/CEO of NGX Group, emphasized the importance of measurable progress in the transition to a net-zero economy for competitiveness and investor confidence.