SEC to Raise Awareness on Sustainable Finance, Climate Change Mitigation

Kayode Tokede

In a bid to ensure that the initiatives of the Revised Capital Market Master Plan 2015 – 2025 (RCMMP), which it the blueprint for harnessing the opportunities for economic growth and development in the country are copiously implemented, the Securities and Exchange Commission (SEC), is set to hold a hybrid workshop on ESG to sensitize market stakeholders on the concept of sustainability.

According to the SEC, the objective of the workshop is to drive sustainable finance instruments issuances, create awareness on climate change mitigation and adaptation, and connect projects that address climate risks with potential investor, advocate for policy incentives and proved access to funding for climate smart initiatives.

“The workshop is premised on one of the strategic themes highlighted in the Revised Capital Market Master Plan which is to create awareness, deploy educational and advocacy campaigns for ESG compliant products’’ the SEC said.

The Commission further stated that the Nigerian capital market, as an integral part of the financial system, is assiduously working to address society’s needs and concerns by undertaking a transformation, driven by initiatives of the Capital Market Master Plan to educate investors on different approaches to sustainable investment, and equally enhance confidence and participation in the market.

The Commission is organizing the workshop in collaboration with the Financial Centre for Sustainability Lagos (FC4SL), a network platform that is leading the development of global standards required to accelerate the expansion of green and sustainable finance, and ARM-Harith Infrastructure Investment Limited, a leading Pan-African infrastructure fund manager based in South Africa.

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