By: Theresa Moses
The Nigeria-South Africa Chamber of Commerce (NSACC) has successfully hosted its November Breakfast Meeting, with a focus on Sustainable Finance & ESG: Building a Responsible Financial Future, and brought together business leaders, policymakers, and industry experts to share insights and experiences.
The event was sponsored by Rand Merchant Bank, at Eko Hotel and Suites, Victoria Island.
Osayaba Giwa-Osagie, (SAN), Immediate Past Chairman of NSACC, in his welcome address emphasized the importance of sustainable finance and ESG considerations in shaping a sustainable and inclusive future.
According to him, “The world is changing, and we must change with it,” Giwa-Osagie said. “Sustainable finance is no longer a niche concept, but a fundamental approach that is transforming the financial landscape. We must recognize the critical role that sustainable finance plays in shaping a sustainable and inclusive future for our economies and societies.”
The meeting, moderated by Mr. Ajibola Olomola, Vice-Chairman of the chambers, explored challenges and opportunities in implementing ESG frameworks, innovation in driving sustainable finance, and aligning financial goals with ethical and sustainable practices.
Mr. Laju Atake, Senior Transactor, Investment Banking at Rand Merchant Bank Nigeria, during the panel discussion highlighted the growing demand for sustainable finance products, such as green bonds, social bonds, and sustainability bonds.
“Sustainable finance is no longer a luxury, but a necessity for businesses operating in Nigeria,” Atake said. “Companies that adopt sustainable finance practices can access a wider pool of investors, reduce their financing costs, and enhance their brand value.”
Mr. Usoro Essien, Head of Research at Rand Merchant Bank Nigeria, during panel discussion stressed the crucial role of ESG considerations in Nigeria’s economic development.
“ESG considerations are no longer a luxury, but a necessity for businesses operating in Nigeria,” Essien said. Adding that “Companies that adopt sustainable practices and integrate ESG principles into their operations can ensure long-term success and profitability.”
The event demonstrated the commitment of Nigerian businesses to adopting sustainable practices and contributing to a responsible financial future.
The NSACC and Rand Merchant Bank are committed to supporting companies in their sustainable finance journey, offering expert advice and guidance on establishing a sustainable finance framework.
About The Nigeria-South Africa Chamber of Commerce (NSACC)
The Nigeria-South Africa Chamber of Commerce (NSACC) is a bilateral chamber that promotes trade, investment, and economic cooperation between Nigeria and South Africa.
About Rand Merchant Bank
Rand Merchant Bank is a leading African corporate and investment bank, providing a comprehensive range of financial services to clients across the continent.
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