The Securities and Exchange Commission has announced plans to adopt the global sustainability disclosure standards developed by the International Organisation of Securities Commissions.
The Director-General of SEC, Emomotimi Agama, disclosed this at an investors’ roundtable on the International Sustainability Standards Board, held over the weekend.
Agama explained that Nigeria, having participated in the task force that developed the standards, would adopt a phased approach to implementation rather than a blanket adoption.
“This means capacity building, working with issuers, auditors, and preparers to ensure they understand and are ready for the new requirements; phased implementation, perhaps beginning with larger, listed entities before expanding to others; and developing a robust assurance framework to verify disclosures,” he said.
