PUBLISHER: The Nigerian Stock Exchange
DATE OF PUBLICATION: 2017
In keeping up with its commitment to demonstrating leadership in practice through Annual Sustainability reports, the Nigerian Stock Exchange published this report, which concisely articulates the Exchange’s medium to long-term sustainability targets and its 2017 efforts towards achieving them.
Utilising the latest GRI Reporting Standards, the publisher highlights the way sustainability has been integrated into the business model; both in terms of building a strong capital market base, seeking commercial opportunities and mitigating and managing risks. It also captures its community investment initiatives, employee volunteering activities, as well as the impacts of the commitments.
The report explains the importance of stakeholder engagement and noted the strategies taken by the NSE to improve on stakeholder engagement for effective business collaboration. Due to these effective strategies, the organization has been able to identify key material issues over the course of the reporting period making them respond promptly to stakeholder needs.
The publication states that the NSE, in 2017, recognized the importance of corporate governance as a key element to achieving its vision and has therefore tried to ensure best practices are infused into activities to guarantee the highest level of business conduct in dealings with stakeholders.
In general, the sustainability report by the Nigeria Stock Exchange shows how the organization has worked collaboratively with stakeholders and other sustainability focused businesses and is contributing to the global determination for ensuring prosperity for everyone everywhere by 2030 in accordance with the Sustainable Development Goals mandate.