Original analysis of what is actually being disclosed, where the gaps are, and how prepared the market is — published with its method so you can disagree with it.
There is no reliable public picture of how ready Nigerian companies are for the reporting mandates. Estimates circulate — in presentations, in press coverage, occasionally in our own conversations — and almost none of them survive a question about method.
So we are building one from the only evidence that can be checked: what NGX-listed companies have actually published. Every disclosure is public. Reading them systematically produces a picture of current practice that is independent of anyone’s opinion, including ours.
Across NGX-listed companies: which scopes are reported, whether a basis of preparation is stated, whether emission factors are named, whether Scope 3 is addressed at all, and whether anything has been assured.
Where practice is furthest ahead and furthest behind. Our expectation is that banking and oil and gas lead on governance disclosure and that measurement quality varies more within sectors than between them — but that is a hypothesis, and the study is designed to be able to disprove it.
The specific, recurring failure points: on-site generation omitted or misclassified, factors unnamed, boundaries unstated, Scope 3 dismissed without assessment.
Measured against what IFRS S1 and S2 actually require, disclosure by disclosure, rather than against a general impression of maturity.
Method published with findings
Sample, selection criteria, coding scheme, what we counted and what we could not. If our method is weak we would rather someone told us than that the number circulated unchallenged — which is, after all, the problem we are trying to solve.
The first study is in progress. We are not going to publish a partial finding or a headline figure ahead of the method that supports it — that is precisely the behaviour this research exists to correct. Tell us if you want to know when it lands.
When published, the research will be free to cite with attribution, including by competitors. We will supply the underlying coding to anyone who asks and who intends to check it.
If you are a journalist or analyst working on Nigerian sustainability reporting, we will also give you a straight answer on the record about what we do not know — which, at this stage, is most of it.
Four questions, and you get the year you first file, the framework, and what to collect first.
Plain-language explainers of the FRC and SEC rules, ISSB S1 & S2, and what each asks you to disclose.
What a consultant-led reporting cycle costs against an annual licence, in Naira.
