The Nigerian Exchange Group (NGX Group) has commenced corporate baseline assessments under its N-Zero initiative, aimed at helping Nigerian businesses translate climate commitments into measurable action and develop credible pathways towards net-zero emissions.
The initiative, launched in January in partnership with DEG Impulse gGmbH and Africa Foresight Group (AFG), is designed to strengthen companies’ capabilities in climate strategy, emissions measurement, transition planning and access to emerging carbon-market opportunities.
The baseline assessment will establish each participating company’s starting point and evaluate its readiness in areas including climate-risk management, emissions measurement and reporting, target-setting, transition planning, technical capabilities and understanding of carbon-market opportunities.
NGX Group said the findings would help identify priority gaps and inform tailored support for participating companies.
Since its launch, N-Zero has engaged more than 50 companies across key sectors, with 17 formally onboarded as community members and more than 100 companies receiving the baseline survey.
The community members include Access Holdings, Dangote Cement, United Bank for Africa, Stanbic IBTC Holdings, First HoldCo, Fidelity Bank, Zenith Bank, Wema Bank, NEM Insurance, Chapel Hill Denham, BUA Cement, Caverton Offshore Support Group, Presco, Oando, HBM Nigeria, Seplat Energy and Skyway Aviation Handling Company.
Commenting on the development, the Group Managing Director and Chief Executive Officer of NGX Group, Temi Popoola, said the transition to a net-zero economy was increasingly becoming a factor in competitiveness, investor confidence and access to capital.
He said Nigerian businesses needed to move beyond climate ambition and demonstrate measurable and credible progress.
“ N-Zero is designed to help companies understand where they stand today, identify the gaps that matter most and build practical pathways towards where they need to be,” Popoola said.
He added that the baseline assessment would provide the evidence and insight required to tailor support and help participating companies turn climate intent into measurable action and long-term value.
Following the baseline exercise, companies will undergo needs assessments combining digital diagnostics with expert technical review to determine their readiness levels, identify priority gaps and define next steps towards credible climate targets, transition plans and implementation.
NGX Group said the programme would progress from awareness and assessment to target-setting, transition planning, validation, implementation and impact tracking.
Under the 2026 roadmap, baseline analysis and initial needs assessments are expected to conclude in September, followed by partner-led sessions and tailored support packages in October and November.
The broader programme targets include supporting participating companies to develop science-aligned targets and transition plans, assess emissions-reduction potential, facilitate eligible carbon-offsetting projects and track progress towards the reduction or avoidance of approximately 20,000 tonnes of carbon-dioxide-equivalent emissions.
NGX Group said the initiative would also contribute to the development of a more climate-ready corporate sector and a capital market better positioned to respond to the risks and opportunities associated with the global transition to a lower-carbon economy.
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