Norrenberger launches sustainability report to boost ESG reporting in Nigeria

Norrenberger Financial Group has launched what it described as Nigeria’s first Corporate Sustainability Report, a publication aimed at strengthening environmental, social, and governance (ESG) standards across the country’s corporate sector.

The report was unveiled in Abuja on Tuesday as part of efforts to deepen sustainability reporting and promote long-term value creation beyond financial returns.

The company said the initiative is intended to serve as a benchmark for businesses seeking to align with global ESG practices and improve transparency in corporate disclosures.

What they are saying 

Speaking at the launch, Board Chairman of Norrenberger Financial Group, Alh. Ibrahim Aliyu Bala, said the initiative reflects a shift in how businesses define value creation in today’s economy.

• “At Norrenberger, we believe that businesses must continue to evolve in how they create value, not just for shareholders, but for society at large.” 
• “Conversations around sustainability, corporate responsibility and long-term impact are becoming increasingly important, and rightly so.” 

Bala added that the Group remains committed to strong governance, responsible leadership, and sustainable long-term value creation.

Also speaking, Group Managing Director/CEO of Norrenberger, Tony Edeh, said the report was developed in response to growing global emphasis on ESG principles.

• “In Nigeria, while awareness of these principles is growing, there is still significant room to strengthen both sustainability practices, corporate responsibility and the quality of disclosures.” 
• “It is against this backdrop that the report was developed, as a practical tool to evaluate performance, provide insights and begin to establish a credible benchmark for sustainability in our society.” 
• “Evidence consistently shows that organisations with strong ESG practices achieve better long-term outcomes, driven by improved risk management, operational efficiency and stronger stakeholder trust. Sustainability, therefore, is not just a responsibility, but a strategic, financial and reputational imperative.”

Edeh noted that the report is designed to move companies from disclosure alone to measurable ESG integration and performance.

More Insights

The launch event brought together key stakeholders across government, regulation, and the financial sector, including representatives from the Ministry of Industry, Trade and Investment, the Securities and Exchange Commission, the National Pension Commission, and the Nigerian Exchange Group.

Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, highlighted the importance of addressing data gaps in ESG reporting across emerging markets.

He said:

• One of the major challenges in emerging markets like Nigeria is the lack of reliable sustainability data
• Transparent and standardised ESG reporting is essential for investment decisions and policy formulation
• The Corporate Sustainability Report helps bridge existing data gaps in corporate performance disclosures

Mrs. Muyiwa Ajayi-Ade, who represented the Minister, added that the report provides a structured framework for assessing sustainability performance across industries and promotes accountability, environmental stewardship, and responsible governance.

What you should know 

The Corporate Sustainability Report is positioned as a foundational step toward strengthening ESG adoption and sustainability reporting in Nigeria’s private sector.

• It is described as Nigeria’s first Corporate Sustainability Report focused on ESG benchmarking
• The report aims to improve transparency, accountability, and sustainability disclosures across industries
• It aligns with global regulatory trends, including IFRS S1 and S2 sustainability reporting frameworks