Private sector leaders seek sustainable business practices

Private sector leaders in Nigeria have forged partnership to host an Environment, Social and Governance (ESG) forum aimed at transforming their businesses for better future and promote sustainable and responsible business practices.

The collaboration involves the Manufacturers Association of Nigeria (MAN), the British American Tobacco (Nigeria) Limited, the Nigerian Climate Information Centre (NCIC), Nigerian Bottling Company, Stanbic IBTC, among others.

With the theme, “Is the Private Sector Accountable: A case for sustainable practices,” the forum holding next week (November 8) in Lagos is expected to bring the private sector players together to ensure they operate in a socially responsible manner.

External Affairs Director at British American Tobacco Nigeria and West and Central Africa, Odiri Erewa-Meggison stressed that as companies strive to grow their businesses, they must also take cognizance of the need to protect the environment.

“We are looking at bridging the gaps. There are a lot of organisations that are operating without social and environmental responsibility and accountability. We must hold them responsible.”

According to her, environmental problems can affect the growth of businesses. “This is why we have decided to come up with this forum and we hope to come up with a roadmap that is measurable and we can be held accountable,” she added.

Country Director, Enactus Nigeria, Michael Ajayi stated that the consortium of private sector organisations are taking the lead for sustainable business practices.

“The purpose really is about holding ourselves accountable, leading the conversation about responsible practices and ensuring that private sector organisations not only prioritise putting the right governance structure in place, but to also make the necessary investments in technology and innovation that promote just transitioning while reducing the potential negative impact of human-induced climate change,” he added.