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NGX Group has begun baseline climate assessments for companies participating in its N-Zero initiative to measure their readiness for the transition to a low-carbon economy.
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More than 50 companies have engaged with the programme, with 17 formally onboarded as community members and over 100 receiving the baseline survey.
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The 2026 programme targets science-aligned climate plans and reductions or avoidance of about 20,000 tonnes of carbon-dioxide-equivalent emissions.
September 04, (THEWILL) — Nigerian Exchange Group (NGX Group) has commenced corporate baseline assessments under its N-Zero initiative, moving participating businesses into the next phase of developing measurable climate strategies and credible net-zero pathways.
The assessment is designed to establish where each company currently stands on climate readiness and identify the gaps that need to be addressed before firms can set credible targets and implement transition plans.
N-Zero was launched in January by NGX Group in partnership with DEG Impulse gGmbH and Africa Foresight Group (AFG) to help Nigerian businesses strengthen their capabilities in climate strategy, emissions measurement, transition planning and emerging carbon-market opportunities.
Assessment to identify climate gaps
The baseline exercise will assess companies across areas including climate-risk management, emissions measurement and reporting, target-setting, transition planning, technical capabilities and understanding of carbon-market opportunities.
The findings will provide a starting point for each participating company while allowing NGX and its partners to develop tailored interventions based on specific gaps and readiness levels.
More than 50 companies have engaged with N-Zero since its launch, while 17 have formally joined as community members. More than 100 companies have also received the baseline survey.
Participating 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.
Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group, said the transition to a net-zero economy was increasingly influencing competitiveness, investor confidence and access to capital.
“The baseline assessment is a critical step because it gives us the evidence and insight required to tailor support and help participating companies turn climate intent into measurable action and long-term value,” he said.
From measurement to implementation
Following the baseline exercise, participating companies will undergo needs assessments combining digital diagnostics with expert technical reviews.
The process will determine each company’s readiness, identify priority areas for intervention and establish the next steps towards climate targets, transition plans and implementation.
The N-Zero framework moves companies through a progression covering awareness, assessment, target-setting, transition planning, validation, implementation and impact tracking.
Under the 2026 roadmap, baseline analysis and initial needs assessments are expected to be completed in September, followed by partner-led sessions and tailored support packages in October and November.
The programme also aims to help participating companies develop science-aligned targets, assess emissions-reduction opportunities and facilitate eligible carbon-offsetting projects.
A key target is to track progress towards reducing or avoiding approximately 20,000 tonnes of carbon dioxide-equivalent emissions.
For NGX Group, the initiative is also aimed at strengthening the ability of Nigerian companies and the wider capital market to respond to climate-related risks while positioning businesses to benefit from new opportunities linked to the global shift towards a lower-carbon economy.
The baseline assessments therefore mark a shift from broad climate commitments to measurable corporate action, providing companies with data against which future progress can be tracked.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
