NSE emerges best CSR firm

AS a further testament to its sustainabil­ity and corporate social responsibility achievements in promoting a sustainable capital market, The Nigerian Stock Ex­change (The NSE or The Exchange), was last week presented with the “Best Cor­porate Social Responsibility Award” at the 2015 African Business Awards held in New York, USA.

The African Business Awards, launched in 2008 by African Business magazine, is designed to celebrate excellence in Afri­can business, by recognising individuals and companies that are driving Africa’s rapidly transforming economy and creat­ing new economic opportunities for citi­zens and communities all over the conti­nent.

The Managing Director of IC Publica­tions and Group Publisher of African Busi­ness Magazine, Mr. Omar Ben Yedder said “It is encouraging to read the many achievements that are taking place all over the continent, despite the headwinds and difficult global environment. The conti­nent continues to be blessed with some re­markable individuals, who are driven and relentless in their ambitions to playing a transformative role. The calibre of entries is very high and continues to reflect and recognise Africa’s outstanding individuals  and businesses. These entries are assessed by a judging panel of renowned individu­als who are chosen for their expertise on the African Business Industry, with scores based on a set of qualitative and quantita­tive criteria”.

Receiving the award, the Chief Execu­tive Officer, NSE, Mr. Oscar N. Onyema, expressed appreciation for the honour and reiterated the Exchange’s commitment to providing a platform for sustainable growth and development in the African economy. “The NSE is devoted to taking a leading role in creating a more sustain­able and inclusive economy for our stake­holders. Sustainability is a critical compo­nent of our business strategy. It is about responsible and inclusive investment services, increasing opportunity, preserv­ing resources, improving lives, creating jobs and meeting the needs of the various stakeholders that we serve. We will con­tinue to leverage our CSR platforms to share how, through efficient utilization of resources, support of our committed em­ployees and partners, we are transforming lives and communities.”

Leveraging its unique position as the biggest Exchange in West Africa, NSE is championing sustainability along four key impact areas of Marketplace, its platform for promoting market-based approach to Environmental, Social and Governance (ESG) imperatives; Com­munity, where the NSE makes contribu­tions to positively impact lives; Work­place, through which the Exchange facilitates diversity, wellbeing and har­ness the talent and skills of its people; and the Environment as it focuses on reducing its environmental impact.

The Nigerian Stock Exchange in July 2015 affirmed its core value of transpar­ency when it released its first Sustainabil­ity Report titled ‘Connecting Nigeria to the world through a Sustainable Capital Market’. The report demonstrates The Exchange’s commitment to increased disclosure, expanded stakeholder engage­ment and thought leadership on sustain­ability.

This award brings to four the number of awards received by the NSE so far in 2015. It first received the “African Regu­lator of the year award” at the 6^th African Business Leadership Awards in London. Then, Lagos Chamber of Commerce and Industry presented it with the “Award for promoting best practice reporting and corporate disclosure’ and received the ‘Financial Institution of the year award’ at The Oil & Gas Year Award Nigeria.

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