KCIC Consulting Limited (KCL)’s Post

🌍 New Research Alert! 🌱 I am excited to share the results of a groundbreaking research collaboration with #FolasadeFoyekePeters that delve deep into an increasingly critical topic: Analysis of Corporate Environmental Cost Disclosure on Profitability of Listed Manufacturing Firms in Nigeria. In today’s world, businesses are constantly being challenged to balance profitability with sustainability, and our study sheds light on just how these two goals can go hand in hand. Here’s what we discovered: 📈 Companies that disclose their environmental costs, including areas such as pollution detection, social responsibility, and compliance expenses, see a notable positive impact on their profitability, particularly reflected in improved net profit margins. 💡 Our research proves that transparency in environmental costs isn't just good for the planet; it’s good for businesses. Manufacturing firms that adopt clear environmental reporting practices enjoy better reputations, attract socially responsible investors, and ultimately see growth in their bottom line. What does this mean for the future of business in Nigeria? 🔍 We argue that environmental cost disclosures should be made mandatory, as the long-term benefits far outweigh the costs. The Nigerian manufacturing sector has a massive opportunity to align with global sustainability practices and enhance their profitability at the same time. 🔗 Want to know more? Check out the full study here: https://lnkd.in/e6XdJh_U I’m incredibly proud of this collaboration and hope it contributes to a broader discussion on the role of corporate responsibility and sustainability in driving profitability. Let’s build businesses that thrive and sustain our planet for future generations! CC: Usman Amjad, Neil J Fletcher, ANTHONY ONI, Freeman Brobbey Owusu, Dr Ifedapo Francis Awolowo, Dr Yemisi Akinbobola, Dr Dora Chan, Adeola Oyebowale. #Sustainability #CorporateSocialResponsibility #EnvironmentalDisclosure #Profitability #Research #Nigeria #SustainableBusiness #ManufacturingInnovation #FutureOfBusiness #SustainableDevelopment

"ESG and investment treaties in Africa: a new substantive standard?" Assunção Cristas, Carla Gonçalves Borges and Mariana França Gouveia sign the article entitled "ESG and investment treaties in Africa: a new substantive standard?", published in IFLR International Financial Law Review. In this article, VdA lawyers analyse the implementation of Environmental, Social and Corporate (ESG) clauses in the bilateral investment treaties of African countries. This implementation is illustrated by the approval of the first Sustainable Investment Facilitation Agreement (SIFA) between the European Union (EU) and Angola. In addition to this example, the authors mention the integration of ESG clauses in the investment treaties of Ghana, Benin, Nigeria, Senegal and Morocco. For VdA lawyers, these measures are fundamental to balance the rights of investors with the sustainable development needs of these countries. This article is available here (https://lnkd.in/dj_9Djd7) #VdA #IFLR #ESG #SIFA #Sustainability #Investment

Hello Family, I am so excited to be a part of the Lagos Business School ESG Materiality and Sustainability Reporting program, I learned a lot and met great individuals. This training was very extensive and focused on five pragmatic areas: ▪️Corporate Sustainability and ESG: Recognizing the integral link between corporate sustainability and ESG practices, and understanding how embracing sustainability isn't just about ethics but also about fostering long-term business resilience and growth. ▪️The Business Case for Sustainability: Eunice Sampson's discourse shed light on the tangible benefits of integrating sustainability into corporate strategies, including enhanced brand reputation, risk mitigation, and financial gains. ▪️Sustainability Reporting Principles and Trends: Learning about the ESG materiality process highlighted the importance of identifying and prioritizing sustainability issues that are most relevant to our stakeholders and business operations. Drawing insights from Equity Bank's case study emphasized the significance of robust preparation for sustainability reporting, including data collection, analysis, and stakeholder engagement. ▪️Leading Sustainability Reporting Practices: Exploring leading sustainability reporting frameworks and practices equipped us with the knowledge to drive meaningful change within our organizations. The training underscored the need for transparency and accountability in disclosing sustainability-related financial information, including aligning GRI with IFRS standards S1 and S2, and major climate-related disclosures. I am delighted to have been part of such a wholesome experience and am excited about the future of sustainability in Nigeria. #linkedinconnections #sustainabilitymatters #LBS

A throwback to the launching of USAID TRADE's Green Export Program. The program aims to assess and develop the capacities of partner SME exporters to adjust to the environmental requirements of international buyers and trading partners.    Stay tuned for more updates on how this program will drive green practices and enhance product development aligned with global market trends. #GreenExportProgram #SMEsGoGreen #EcoFriendly #GreenFinance #SustainableBusiness #EnvironmentalCompliance #GreenEconomy #ExportSustainability #EcoBusinesses #GreenProduction USAID Federation of Egyptian Industries Environmental Compliance Office and Sustainable Development Ezdaher Financial Advisory Integral Consult YES PAC Packaging solutions USAID Trade Reform & Development in Egypt (TRADE) Project Palladium: Make It Possible

Carbon Market Guidebook for Kenyan Enterprises This comprehensive manual is designed to assist Kenyan businesses in navigating the complexities of carbon markets, clarify the processes involved in developing carbon projects, and highlight the opportunities available within this emerging market. What's in the guidebook: 1. The guidebook outlines its purpose of demystifying carbon markets and providing practical advice for enterprises, particularly those new to carbon project development. 2. It details the regulatory framework established by the Kenyan government, including the Climate Change Act, which sets the stage for carbon market operations. The guide emphasizes the importance of understanding evolving regulations and compliance requirements, particularly about international agreements like Article 6 of the Paris Agreement. 3. The guidebook provides a structured approach to developing carbon projects, covering essential aspects such as project conceptualization, feasibility assessments, and selecting carbon credit standards and methodologies. 4. The guidebook discusses the financial implications of carbon projects, including the costs associated with project development and potential sources of financing, such as commercial and development financiers. The guidebook was prepared by the Kenya Private Sector Alliance (KEPSA)with the support of the IFC - International Finance Corporation World Bank a s well as from the contributions of various stakeholders, including government agencies and private sector partners with a collaborative purpose of fostering a successful carbon market in Kenya. If you run an enterprise, here is a guide equipping you with the knowledge and tools necessary to engage in carbon markets effectively, contribute to climate change mitigation, and capitalize on new business opportunities. #RoadtoZero #CarbonNeutralitly #ElectricVehicles

ESG criteria are crucial for evaluating a country's approach to environmental issues, governance, and economy Countries with high ESG scores can attract more foreign direct investment Mauritius ranks first in Africa for the highest overall governance index score in 2024

Carbon credits have emerged as a crucial incentive in the global battle against climate change. Kenya, in alignment with its commitment to climate action, is swiftly advancing its legal framework on carbon credits. In September 2023, Kenya took a significant step with the enactment of The Climate Change (Amendment) Act, 2023. This legislation facilitates bilateral or multilateral trading agreements, engages private entities, and promotes participation in voluntary carbon markets. The act also includes provisions for the establishment of a carbon registry, streamlining these efforts. Furthermore, Kenya is poised to reinforce its stance with the upcoming Carbon Credit Trading and Benefit Sharing Bill, 2023. This forthcoming legislation underscores Kenya's dedication to fostering a robust regulatory environment for carbon credit trading and ensuring fair benefit sharing among stakeholders. The question is: WHAT DO YOU KNOW ABOUT CARBON CREDITS? Our latest infographic is your guide to understanding the ins and outs of carbon credits, shedding light on their role in reducing carbon emissions and promoting sustainable practices. Article by Grace Waswa - MMW ESG Department. #esg #carboncreditd

Did you know, as an approved The Sustainability Initiative of South Africa (SIZA) audit company, we help verify your adherence to SIZA's core fair labor and environmental principles? A successful audit will reinforce your compliance, enabling you to: • Monitor and verify ethical compliance and environmental assurance best practices • Enhance market engagement and access more than 340 global buyers • Drive continuous improvement within your business Other advantages include: • Benefit from capacity-building initiatives, a supportive toolkit and SIZA CARES, as well as audit oversight programs • Enjoy SIZA digital record-keeping • Access remedial and best-practice programs Discover more: https://bit.ly/3ZRI91B. #SGSRBS #SIZA #SouthAfrica #Agriculture #Suppliers

We're excited to share Kenya's draft sustainable finance taxonomy, a key initiative to boost green investments and support environmental sustainability in our region. As we refine this framework, we value your insights and perspectives to ensure it meets the needs of our diverse stakeholders. We invite you to review the draft and share your opinions, suggestions, and feedback. Your input is crucial in shaping a robust and effective taxonomy that aligns with both local and global standards. Please send your comments and contributions to fin@centralbank.go.ke  by June 11, 2024 . Copy of the Draft for Proposed Kenya Green Finance Taxonomy (https://lnkd.in/dsv3AEKp ) Together, let's build a sustainable future for Kenya. #SustainableFinance #GreenInvestments #Kenya #ClimateAction #SustainableDevelopment

Nigeria showcased its commitment to sustainability at Cop 27 by pledging to early adopt the International Financial Reporting Standard (IFRS) S1 & S2, the first two standards issued by the International Sustainability Standards Board. With the release of the roadmap for adoption by the FINANCIAL REPORTING COUNCIL OF NIGERIA the path towards implementation becomes clearer. Full details can be found in https://lnkd.in/dcQJbgMM #IFRS #crowedafinone