Seplat Energy Honored for Excellence in Sustainability Reporting
Seplat Energy Plc has clinched the prestigious Best in Sustainability Reporting Award at the inaugural Corporate Reporting Award, hosted by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd (NGX RegCo).
The announcement was made during the ICAN/NGX RegCo Awards ceremony held in Lagos, celebrating the top 30 most capitalized companies listed on the Nigerian Exchange Ltd (NGX) for the 2022 financial reporting year.
The accolade highlights Seplat Energy’s commitment to transparency, accountability, and international best practices in corporate reporting, as assessed through criteria encompassing financial reporting, corporate governance, and sustainability reporting.
Dr. Innocent Okwuosa, President of ICAN, commended NGX RegCo for its role in enhancing disclosures and reporting standards among listed firms. He emphasized the evolution of corporate reporting, noting a shift from solely financial focus to the integration of social and environmental disclosures, including aspects of environmental, social, and governance (ESG) factors.
Okwuosa stressed that robust corporate reporting should embody the principles of corporate governance, financial reporting, and sustainability reporting, hinting at future expansions of the award to encompass all listed companies.
Mr. Olufemi Shobanjo, CEO of NGX RegCo, underscored transparency as a cornerstone of economic growth, emphasizing its role in facilitating informed decision-making by providing accessible information to the public.
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The award was accepted by Seplat Energy Plc’s CFO-Designate, Mrs. Eleanor Adaralegbe, and Director of External Affairs & Social Performance, Mrs. Chioma Afe. Adaralegbe highlighted Seplat Energy’s commitment to sustainability, embedded within its corporate strategy aimed at building a sustainable business and facilitating energy transition.
Seplat Energy’s proactive approach to sustainability, evident across its operations, was lauded, with Adaralegbe commending ICAN and NGX RegCo for their recognition and dedication to professionalism.
The recognition underscores Seplat Energy’s leadership in sustainable corporate practices within Nigeria’s corporate landscape.
Source: Seplat Energy
