NGX Starts Climate Assessments

Hibbatullah Shittu

September 7, 2026
2 min read
NGX

The Nigerian Exchange Group NGX Plc has started corporate baseline assessments under its N-Zero initiative to help local businesses boost climate readiness and access green funding.

The initiative was launched in January in partnership with DEG Impulse gGmbH and Africa Foresight Group. It aims to help companies move from climate pledges to practical action by setting strategies, measuring emissions, and entering carbon markets.

According to a statement from the exchange, the baseline assessment will evaluate firms across climate-risk management, emissions reporting, target-setting, and technical capabilities to identify operational gaps.

So far, N-Zero has engaged more than 50 companies, with 17 formally onboarded as community members and over 100 receiving the baseline survey. The onboarded entities include Access Holdings, Dangote Cement, United Bank for Africa, Stanbic IBTC Holdings, First HoldCo, Fidelity Bank, Zenith Bank, Wema Bank, NEM Insurance, Chapel Hill Denham, BUA Cement, Caverton Offshore Support Group, Presco, Oando, HBM Nigeria, Seplat Energy, and Skyway Aviation Handling Company.

Commenting on the exercise, the Group Managing Director and Chief Executive Officer of NGX Group, Mr Temi Popoola, stressed that net-zero alignment is becoming vital for corporate survival and funding.

Popoola said, “The transition to a net-zero economy is increasingly becoming a factor in competitiveness, investor confidence, and access to capital. Nigerian businesses, therefore, need to move beyond climate ambition to demonstrate measurable and credible progress.

“N-Zero is designed to help companies understand where they stand today, identify the gaps that matter most, and build practical pathways towards where they need to be. The baseline assessment is a critical step because it gives us the evidence and insight required to tailor support and help participating companies turn climate intent into measurable action and long-term value.”

The exchange added that participating companies will undergo digital diagnostics and technical reviews after the baseline study to refine their targets and roadmaps.

The baseline phase and initial needs assessments are scheduled for completion in September, setting up partner-led technical support sessions in October and November. The overall initiative aims to help participating firms develop science-aligned targets, support carbon-offset projects, and reduce or avoid roughly 20,000 tonnes of carbon dioxide equivalent emissions.