CSR REPORTERS’ Post

Somettimes when I see some policies from any governmental body I always wonder why they came up with that. Following the news I read about the ' Green tax' being proposed by the Nigerian government, in my opinion I believe it is unnecessary. I have always wondered why recycling culture isn't cultivated in the country as it saves cost and also the environment. Upon reading the Nigeria Climate Innovation Center's (NCIC) recent report, I'm glad they share part of my sentiment. The NCIC continues to make significant strides in driving sustainable innovation across Nigeria, focusing on clean technology and environmental sustainability which is very important. One of the key highlights from the report is the remarkable impact they have on the local economy and environment. Through their various initiatives, they have successfully fostered an ecosystem where startups and entrepreneurs can thrive while addressing critical climate challenges. Also, provided funding, mentorship, and technical assistance to numerous clean tech startups, enabling them to scale their innovations and contribute to a greener economy. The projects have led to substantial reductions in carbon emissions and waste, contributing positively to Nigeria's environmental health. Further engaging with communities to promote climate education and awareness, empowering individuals with the knowledge to make sustainable choices. You can read more of the report here : https://lnkd.in/erwQnbzw #NotoPlasticTax

How do we make sure that the goods we consume did not infringe on #human #rights nor cause #environmental damages throughout the supply chains? Part of the answer lies with CSDDD, which introduced #due #diligence obligations for large companies (turnover > 450m€ & nb of employees > 1,000). It also requires to implement #grievance #mechanisms to identify and remediate grievances arising from all stakeholders involved in their supply chain. In this perspective, we’ve been working with Audace Institut Afrique for the past 18 months, to design a cross-company grievance mechanism in the #cocoa sector in Côte d’Ivoire. As we did not want to merely tick a box, we spent lots of time with farmer communities to make sure we would propose a #relevant, #impactful, and #additional system - and then held several rounds of review. We are happy that the report is now #public and you can find it here: https://lnkd.in/dsFdD5i8 Our next step is to pilot the proposed mechanism - do reach out if you would like to join the group of interested companies! The study was co-funded by some members of the German Initiative on Sustainable Cocoa and co-funded by Federal Ministry for Economic Cooperation and Development (BMZ)'s Due Diligence Fund.

As a young man growing up in Ghana, where the impact of green finance is still emerging, I have learned three crucial lessons the hard way: Sustainability is not just about the environment but also about people: True sustainability encompasses social equity and community well-being alongside environmental stewardship. It's about creating a balanced approach that ensures the health and prosperity of both our planet and its inhabitants. Businesses with an interest in sustainability attract more investment than ever: Investors are increasingly drawn to companies that demonstrate a commitment to sustainable practices, recognizing the long-term value and reduced risks. Sustainable businesses are proving to be more resilient and innovative, making them attractive to forward-thinking investors. Profitability must be tied to sustainability: For businesses to thrive in the modern world, their profitability must be linked with sustainable practices, ensuring that economic gains do not come at the expense of future generations. This alignment not only secures a better future but also enhances brand reputation and customer loyalty. Let’s work together to create a sustainable future for Ghana and beyond. Whether you are a business leader, an investor, or a member of the community, your actions matter. Support sustainable initiatives, invest in green projects, and spread the word about the importance of sustainability. Together, we can make a difference! #Sustainability #GreenFinance #EcoFriendly #FutureOfGhana #InvestInSustainability #YouthForSustainability #SustainableBusiness #GreenFuture #EnvironmentalAwareness #SocialEquity

The Role of Framework Standardization in Advancing ESG in Organizations in Nigeria In recent years, Environmental, Social, and Governance (ESG) practices have gained traction in Nigeria as businesses recognize the importance of sustainability. Framework standardization is key in making these ESG efforts effective, credible, and aligned with global best practices. Why ESG Matters in Nigeria Nigeria's journey towards sustainability is marked by challenges such as pollution, deforestation, and social issues like poverty and inequality. However, the expanding corporate sector presents an opportunity for positive change through responsible business practices. As stakeholders demand greater accountability, organizations in Nigeria are increasingly adopting ESG practices that demonstrate their commitment to ethical governance and environmental stewardship. The Role of Framework Standardization 1. Consistency and Comparability Framework standardization ensures consistency in ESG reporting. By complying with established frameworks like the Global Reporting Initiative (GRI) or the Sustainable Development Goals (SDGs), Nigerian organizations can align their ESG efforts with international standards. 2. Improved Governance and Risk Management Standardized frameworks provide a structured approach to integrating ESG into corporate governance, helping organizations manage ESG risks effectively. For instance, the International Sustainability Standards Board (ISSB) offers guidelines for disclosing material ESG risks, enabling organizations to mitigate potential impacts. 3. Enhanced Stakeholder Engagement Standardization facilitates better communication with stakeholders. By adopting recognized ESG frameworks, organizations can present their sustainability efforts transparently, improving trust among investors, customers, and regulators. In Nigeria, where transparency is key, this enhances an organization's reputation. 4. Driving Sustainable Development In Nigeria, where sustainable development is essential, standardized ESG frameworks align corporate practices with national and global sustainability goals. This alignment is crucial for driving positive change in society.   For Nigerian organizations, the time to act is now. The integration of framework standardization is important for advancing ESG practices. The SevenPillars methodology provides a comprehensive structure, aligning organizational goals with ESG standards across Environmental, Social, Operational, Financial, Economic, Institutional, and Cultural pillars. This approach embeds sustainability into core operations, enhances governance, and fosters stakeholder engagement. By adopting standardized frameworks which align with the SevenPillars, Nigerian organizations can better manage ESG risks, drive innovation, and contribute to sustainable development locally and globally. #ESG #Sustainability #FrameworkStandardization #SevenPillars #Nigeria #CorporateGovernance #SustainableDevelopment

On 4 December 2024, Olujoke Aliu, Managing Partner at ALN Nigeria | Aluko & Oyebode, participated as a speaker in the third session of the International Bar Association (IBA) Environmental, Social, and Governance (ESG) Accelerator Training Programme. The session, titled “ESG Litigation and Dispute Resolution Trends,” delved into global and African ESG litigation and dispute resolution trends, the increasing influence of stakeholder expectations, and the rise of shareholder activism driving precedent-setting ESG cases. With a special focus on Nigeria, Joke provided valuable insights into the evolution of ESG in the jurisdiction, emerging trends, and key considerations for all stakeholders navigating ESG-related issues. This article distils key takeaways from the session, offering insights into the dynamic landscape of ESG litigation and dispute resolution in Nigeria. 🔗 Read more: https://lnkd.in/dneZ5aR6 #AlukoandOyebode #ESGLitigation #SustainableGovernance #ShareholderActivism #NigeriaLegalInsights #oneALN

The Nigeria Climate Innovation Center (NCIC), is excited to announce the release of our final report: "Rethinking The Green Tax Propositions & Adopting Circular Economy as an Inclusive Catalyst for Unlocking a Sustainable Circular Economy in Nigeria" This comprehensive report explores the immense potential of a circular economy for Nigeria's future. It delves into the economic and environmental benefits of transitioning away from a linear consumption model and towards a closed-loop system that prioritizes reuse, recycling, and resource recovery. Our research highlights how a circular economy can: - Drive economic growth by creating new jobs and industries in waste management, recycling, and product design. - Enhance environmental sustainability by minimizing waste generation, reducing dependence on virgin resources, and lowering greenhouse gas emissions. - Promote social well-being by fostering inclusive economic opportunities and improving public health through better waste management practices. This report serves as a valuable resource for policymakers, businesses, investors, and all stakeholders interested in advancing a sustainable future for Nigeria. Click to download the full report: https://lnkd.in/dZ7_jdfP #NCIC #CircularEconomy #NotoPlasticTax

Still on a bit of a high after ZER Consulting Africa's launch of Shared Value Nigeria back in June, jointly with Shared Value Africa and the Lagos Business School Sustainability Centre. But now what? This is what I explore in discussion with Tiekie Barnard, emphasizing the importance of creating value for stakeholders as we shift from awareness-building to practical application, and encouraging further collaboration between the private and public sectors to drive change and build trust here in Nigeria. Follow us to learn more @Shared Value Nigeria.

The Delicate Balance: Environmental & Business Sustainability in Nigeria In 2022, my team and I conducted an environmental audit at Kimberly Clark SSA West Africa Limited, a company that exemplified commitment to a sustainable manufacturing environment. Through innovative processes, they minimized their ecological footprint, setting a standard for environmental compliance and responsibility. However, despite their efforts, the economic climate forced them to shut down operations in Nigeria. This underscores a critical issue: sustainable business practices must align with economic sustainability for long-term success. Manufacturing businesses in Nigeria face significant challenges, from rising costs to infrastructural deficits. The closure of companies like Kimberly Clark is a wake-up call for all stakeholders—especially the Nigerian government—to intensify efforts in creating a more enabling environment for industries. 💡 What’s the way forward? 1. Policy Support: Policies that incentivize sustainable practices while reducing operational costs. 2. Infrastructure Development: Reliable energy and transport networks to ease manufacturing burdens. 3. Economic Stability: Addressing inflation and exchange rate volatility to foster growth. 4. Reduction and Harmonisation of regulatory charges: Reducing and Harmonising the number and rate of regulatory charges. The manufacturing industry is vital to Nigeria's economic and social progress. Let’s champion a future where businesses not only thrive but do so sustainably, balancing profits with the planet's well-being. Together, we can make Nigeria a hub for sustainable and resilient manufacturing! #Sustainability #EnvironmentalAudit #ManufacturingMatters #SustainableNigeria #BusinessAndEnvironment #ManufacturersAssociationofNigeria #BetterNigeria

Especially as Nigeria takes its evolving place in the world, having ESG principles integrated into its processes for sustainable development is critical. We must take action on our environmental challenges through empowerment of the local community, while proving ways through which governance can be promoted transparently to achieve economic resilience for future success. Let us commit ourselves to creating a balanced future in which growth and social impact will thrive together. #SustainableNigeria #ESGforDevelopment  #InclusiveGrowth #ResponsibleBusiness #IPMCNigeria

This is quite an interesting read. This research gave me a new perspective into the real situation of things. The proposed "Green tax" on single-use plastics may seem like a step forward, but this report by the Nigeria Climate Innovation Center (NCIC) presents a more compelling argument for a more sustainable solution which is that we should be looking at adopting circular economy in Nigeria. More Taxation won't solve our waste management problems. Instead, it risks job losses, higher costs for consumers, and more economic hardship for those dependent on waste recycling. The circular economy model focuses on resource efficiency, reuse, and recycling, thereby creating a system where waste is minimized, and value is maximized. Circular economy will lead to manufacturers designing products for recyclability, improving waste collection, and creating markets for recycled materials, this will foster a sustainable future without imposing further burdens on vulnerable communities. #NotoPlasticTax