Year: 2025
Type: article
Abstract: This article examines the evolution and development of environmental, social and governance (ESG) in Nigeria. In Nigeria, there is no unitary legal framework that articulates all ESG obligations that companies are required to comply with, and this is not unusual given the breadth of the ESG pillars. However, the article outlines the multilayered regulation and the multistakeholder approaches within the emerging framework. It highlights that the private sector has been identified as a significant driver of ESG but also suggests that some improvements in ESG reporting frameworks and more robust legal frameworks to discourage greenwashing would enhance ESG practice. It suggests that Nigeria must shift from isolated successes to a systemic framework to fully realize the potential of ESG practice. Keywords: Nigeria; business; corporate; governance; social; responsibility; environment; accountability.
Source: Amicus Curiae
Authors: Adaeze Okoye, Adeolu Idowu, Temitayo Ogundare, Oluwatamilore Sowunmi, Chiamaka Ezenwa, Gideon Edem
Institution: University of Brighton
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411959500