ESG - the latest flagship for financial reporting ~ DR. VITUS BLOG

ESG- the latest flagship for financial reporting

21 February 2023

Dear Vitus

We are excited to announce our latest publication: ESG, the latest flagship for financial reporting. It highlights the implications of Environmental, Social and Governance (ESG) emergence in global financial reporting.

The ESG global reporting framework will have important and unique reporting effects on different industries in Nigeria. Our publication shares a multi-dimensional approach for Nigerian companies to ensure that they are data and global reporting standards ready for ESG Reporting (i.e IFRS S1 and S2).

Company Data Repository: Clients aiming at meeting global best practices for ESG Reporting should create a repository from which stakeholder-relevant information can be pooled for efficient reporting purposes.
Industry Data Repository: Companies need to gather these key and unique industry data so peer to peer performances can be tracked for ESG Reporting purposes.
Training and sensitisation of staff and other relevant stakeholders: There should be a robust communication flow and training sessions for all concerned parties.