A sustainability report provides information on an organization’s health, including economic, environmental, and social performance against set guidelines or an established framework. Over the past few decades, business performance is increasingly being approached from a multi-dimensional perspective. This is because a pro-active corporate sustainability reporting system for assessing the performance of an organization should address impacts within and beyond the organization on stakeholders, including  the host community, supply chain actors and resulting or associated impacts on people, planet and profits.

The reporting of the business implication of climate change in sustainability reporting becomes even more significant as we celebrate Earth day on April 22nd. The potential financial implications of climate change are receiving increasing attention and recognition, with investors and other stakeholders encouraging companies to identify, assess and report publicly on the financial implications of climate change on their businesses.

This is evident in numerous forums and initiatives, for example the Carbon Disclosure Project (CDP) and Institutional Investor Group on Climate Change (IIGCC) and other initiatives of the World Economic Forum (WEF). With the Increasing public awareness and concern, taking action on climate change is also starting to become a reputational and strategic issue for companies. This then behoves on organizations to be intentional about ensuring the Sustainability reporting is all encompassing. 

In other words, sustainability reporting is an instrument capable of helping companies become aware of their strengths and weaknesses, better manage corporate risk, improve regulatory compliance, innovate and identify potential synergies and interdependencies across their value chain and supply chain. 

The Nigerian Corporate Governance Code includes a comprehensive section on sustainability, and requires that Boards “establish policies and practices regarding its social, ethical, safety, working conditions, health and environmental responsibilities as well as policies addressing corruption.” Boards are also responsible to monitor the implementation of these policies. Sustainability also takes the form of “ESG Ratings”, “Circular Economy Initiatives” and “Integrated Reports”, which introduce environmental, social and governance KPIs to enhance the positive impact that companies have on society. Specifically, the Institute of Directors Nigeria and Afrikairos have been involved in advocating for the adoption of sustainability reporting, and the operationalization of sustainability across business functions, as a core part of the tenets  for good corporate governance. 

With sustainability becoming more institutionalized as part of the corporate governance best practices, and with the Institute of DIrectors (IoD) Nigeria having a significant role to play to raise awareness and build the capacity of its members and non-members to set high standards for sustainability governance in Nigeria, the Institute has partnered with Afrikairos GmbH, supported by Circular Economy Innovation Partnership (CEIP) and Growing Businesses Foundation (GBF), to bring together corporate Nigeria and relevant regulators in a half-day stakeholder workshop. The aim is to provide insight into levels of adoption, interests as well as capabilities within corporate organizations on sustainability reporting. This webinar introduces a range of perspectives on sustainability , circular economy, ESG Ratings and Integrated Reporting and paves the way for a series of future workshops to be delivered by IoD and Afrikairos in Q3, 2021.

Learning Objectives

  • To introduce, identify global trends and emphasize the importance of sustainability reporting, circular economy, integrated reporting and ESG Ratings to Nigerian corporates and corporate governance.
  • To provide tools for directors to meet their sustainability responsibilities
  • To explore how sustainability reporting can be useful to build organizational resilience 
  • To gain insight on the requirements and benefits of sustainability reporting
  • To understand the level of adoption of sustainability reporting by stakeholders in Nigeria 
  • To gain insight on board practice of sustainability reporting: lessons from domestic and international perspectives 
  • To be able to apply concepts of sustainable reporting to address sustainability challenges in organisations
  • To be able to identify, act on, and evaluate professional and personal actions with the knowledge and appreciation of interconnections among economic, environmental, and social perspectives
  • To have a deeper understanding of social responsibility and impact, both as directors and citizens
  • To be able to embrace and improve sustainability and business performance
  • To be able to motivate and engage directors and management towards adopting sustainability reporting and ESG Ratings

Target Audience/Participants

  • Chairmen, CEOs, COOs, Executive and Non-Executive Directors 
  • Company Secretaries, Chief Regulatory Officers and Legal Heads
  • Chief Financial Officers (CFOs), Chief Value Officers  and Heads of Audits & Compliance
  • Chief Human Resource Officers, Chief Marketing /Sales Officers
  • Corporate Affairs Executives and Head of Foundations
  • Sustainability Executives and Heads of Risk/Compliance, etc.
  • CEOs of Supply Chain companies to sustainability-driven corporates

Program Structure and Agenda


Stakeholder Workshop on Operationalizing Sustainability & Circular Economy: Measuring, Monitoring, Reporting, Impact Investing, ESG Ratings.

Date:   Thursday, April 22, 2021 

Time:   3pm-7pm

Venue:   Zoom (Registration link to be provided) 

Expected no. of Participants:  600 participants (Members & Non-Members)

Program Agenda

3pm – 6.30pm

15.00 – 15.05Opening Remarks Moderator/Host:
Dr Ndidi Nnoli-Edozien
Partner, Afrikairos & Chair, Circular Economy Innovation Partnership, Growing Businesses Group
15.05 – 15.15Welcome SpeechChief
Chris O. Okunowo
F.IoD, President/Chairman of Council, IoD Nigeria
15.15 – 15.45Goodwill MessagesDr Dolapo Fasawe
DG Lagos State Environmental Protection Agency (LASEPA)
Saeeda Sabah Rashid
Lead Governance Specialist, World Bank, Nigeria
Prof K. Amaeshi
University of Edinburgh/President, Association of Sustainability Professionals, Nigeria
Iheanyi Anyahara, PhD
FCAActing Executive Secretary/CEO Financial Reporting Council of Nigeria
Dr Innocent Okwuosa 
Chairman, Nigerian Integrated Reporting Committee 
Dr Innocent Onah
Climate & Green Growth Expert, AfDB; Coordinator, Nigeria Circular Economy Working Group

Session I (Corporate Perspective)
15.45 – 15.55Keynote AddressOscar Onyema
DG/CEO, Nigerian Stock Exchange (NSE)
15.55 – 16.55Panel Discussion
Panelist-1Uto Ukpanah 
Company Secretary, MTN Nigeria Communications Plc
Panelist-2Eunice Sampson 
GM/Head, Sustainability, Dangote Cement Plc 
Panelist-3Amaka Onyemelukwe
Director, Public Affairs, Communications and Sustainability, Coca-Cola Nigeria
Panelist-4Omobolanle Victor-Laniyan
Head of Sustainability, Access Bank Plc.
Panelist-5Doerte Weidig
Panelist-6Clem Ugorji
CEO, Circularium Africa Advisory
Session II (Investors’ Perspective)
16.55 – 17.05Keynote AddressPatrick Kabuya
Convener, Africa Integrated Reporting Council, Senior Governance Specialist, World Bank.
17.05 – 18.05 Panel Discussion
Panelist-1Kola Aina
General Partner, Ventures Platform
Panelist-2Agharese Onaghise
Executive Secretary/CEO, Food and Beverages Recycling Alliance (FBRA)
Panelist-3Dr Oliver Everling
CEO Rating Evidence, GmBH, Europe 
Panelist-4Benedikt Hoffmann
Managing Partner, Afrikairos
Panelist-5Gerritt Ledderhof
Team Lead, Climate and Responsible Investment, Aegon Asset Management, Netherlands
Panelist – 6Folashade Ambrose-Mebedem
Rising Tide Africa, Sustainable Development Director, Lafarge
18.05 -18.25Comments, Questions and Answers (coordination of chatroom)Dr Natalie Beinsich
Way forward
18.25 -18.30Prof Nat Ofo
F.IoD, Chairman, Research & Advocacy Committee, IoD Nigeria
18.30 – 18.35Saeeda Sabah Rashid
World Bank Representative
18.35 -18.40Prof Kenneth Amaeshi
Chair in Business and Sustainable Development, University of Edinburgh
18.40- 18.45Prof Chukwumerije Okereke
Professor of Environment and Development in the Global Development Research Division and Department of Geography and Environmental Science at the University of Reading, United Kingdom
18.45- 18.50Prof Serge Miranda
Professor of Computer Science at the University of Nice Sophia-Antipolis, France
18.50 – 18.55Dr Ndidi Nnoli-Edozien
Partner, Afrikairos & Chair Circular Economy Innovation Partnership
18.55 -19.00Closing Remarks/ Vote of ThanksDele Alimi
M.IoD Director General/CEO, IoD Nigeria

Create a website or blog at

%d bloggers like this: