Nigerian Exchange Group
The Nigerian Exchange Group (NGX), headquartered in the vibrant city of Lagos, is a leading financial market infrastructure provider in Nigeria. Established in 1961, NGX has evolved into a pivotal player in the African capital markets, facilitating the trading of equities, fixed income, and derivatives. With a commitment to transparency and innovation, NGX offers a range of services, including market listings, trading, and post-trade solutions, making it a cornerstone of Nigeria's financial ecosystem. The exchange has achieved significant milestones, including the demutualisation in 2020, which enhanced its operational efficiency and governance. Recognised for its robust market position, NGX continues to attract both local and international investors, contributing to the growth of Nigeria's economy and the broader African market landscape.
DitchCarbon Score
How does Nigerian Exchange Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Nigerian Exchange Group's score of 6 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nigerian Exchange Group's reported carbon emissions
In 2022, the Nigerian Exchange Group (NGX) reported total carbon emissions of approximately 604,290 kg CO2e, a significant reduction from about 1,064,130 kg CO2e in 2021. This reduction reflects a decrease in Scope 1 emissions from approximately 865,760 kg CO2e in 2021 to about 431,310 kg CO2e in 2022, alongside a drop in Scope 2 emissions from around 198,360 kg CO2e to approximately 72,970 kg CO2e. Despite these achievements, NGX has not disclosed any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The organisation's focus on reducing its carbon footprint aligns with broader industry trends towards sustainability and climate responsibility.
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Add to project| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 865,760 | 000,000 |
| Scope 2 | 198,360 | 00,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nigerian Exchange Group is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
