Oluchi Chibuzor
Sustainability Champions in Nigeria have stressed the need for the adherence to global set of internationally recognised reporting standards that encompasses issues that are region specific in view of various social and climatic concerns affecting businesses.
Speaking at the Financial Reporting Council’s (FRC) virtual engagement on sustainability held at the weekend, the Acting Executive Secretary/Chief Executive FRC, Dr. Iheanyi Anyahara, said council has developed more appetite to sustainability, which was why it has continued to engage stakeholders.
He said: “Investors everywhere are demanding more than just financial statements, because people want to know more than financial information to enable them to make informed decisions. A lot of businesses are dealing with the environment, even when people make profit they want to know what the businesses are doing rather than what profit they have made.