Sustainability Reporting & ESG Advisory Service

Navigate New Regulations. Disclose with Confidence. Unlock Sustainable Value.

Sustainability reporting in Nigeria is no longer a voluntary exercise for progressive companies. It is rapidly becoming a regulatory expectation, and the direction of travel is unmistakable: ESG compliance is becoming part of mainstream corporate regulation . The Financial Reporting Council of Nigeria (FRC) has issued the Sustainability Reporting Guideline (SRG1) and a Roadmap for the adoption of IFRS Sustainability Disclosure Standards, with mandatory adoption for Public Interest Entities beginning January 1, 2028, and for SMEs from January 1, 2030 . The Securities and Exchange Commission (SEC) has directed all Public Companies and Significant Public Interest Capital Market Operators to submit their Implementation Plan for adopting IFRS S1 and S2 by October 15, 2026 . At Qeeva Advisory, we provide sustainability reporting and ESG advisory services that help you navigate this new regulatory landscape, disclose with confidence, and unlock sustainable value.

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Why Nigerian Organisations Need Sustainability Reporting & ESG Advisory

The regulatory landscape for sustainability reporting in Nigeria has shifted decisively. Here are the most critical gaps we help you address.

Mandatory Adoption Timelines – The FRC Roadmap provides for phased implementation. Public Interest Entities—including all Public Companies and Significant Public Interest Capital Market Operators—are required to prepare sustainability-related financial disclosures in accordance with IFRS S1 and IFRS S2 for accounting periods beginning on or after January 1, 2028. SMEs will be subject to mandatory adoption for accounting periods beginning on or after January 1, 2030 . Early preparation is now essential.

Implementation Plan Submission Requirement – The SEC has directed every Public Company and Significant Public Interest Capital Market Operator to submit its Implementation Plan for adopting the IFRS Sustainability Disclosure Standards on or before October 15, 2026. The Implementation Plan must address governance arrangements, gap assessment, implementation roadmap, data collection systems, internal control and assurance arrangements, capacity building, expected year of first reporting, and key implementation challenges .

IFRS S1 and S2 Complexity – The IFRS Sustainability Disclosure Standards require disclosure of sustainability-related risks and opportunities, governance, strategy, risk management, and metrics and targets. IFRS S2 specifically requires disclosure of greenhouse gas emissions (Scope 1, 2, and 3), climate-related transition and physical risks, opportunities, capital deployment, internal carbon prices, and executive remuneration linked to climate considerations .

Greenhouse Gas Emission Measurement Challenges – Measuring and disclosing greenhouse gas emissions requires robust methodologies, emission factors, and data collection systems. For Scope 1 and Scope 2 emissions, entities must disaggregate between the consolidated accounting group and other investees. For Scope 2, entities must disclose location-based emissions and contractual instruments. For Scope 3, entities must disclose categories included and, for asset managers, commercial banks, and insurers, financed emissions .

Data Systems and Quality Gaps – One of the biggest challenges Nigerian companies face in ESG reporting is the absence of reliable internal data systems. Measuring carbon emissions, tracking workplace diversity, documenting community impact, and monitoring governance practices require structured data-collection processes .

Governance Readiness Gaps – ESG cannot remain an afterthought delegated to corporate communications teams. It must sit where it truly belongs: in the boardroom. Boards need structured oversight of ESG risks, sustainability committees with appropriate authority, and management accountability for ESG performance .

Sector-Specific Regulatory Requirements – Different sectors face specific requirements. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a Guidance Template for GHG Emissions Inventory Reporting in Upstream Oil and Gas Operations . The Climate Change Act 2021 mandates every key emitting sector to establish sectoral carbon budgets and requires private entities with fifty or more employees to appoint a Climate Change Officer and submit annual progress reports .

Investor and Capital Access Pressure – Institutional investors increasingly evaluate companies based on ESG performance. Transparent disclosure has become a prerequisite for attracting long-term investment . Global asset managers and development finance institutions are aligning investment decisions with sustainability criteria, making ESG disclosure a prerequisite for international partnerships and cross-border financing .

Greenwashing Risk – With increasing scrutiny on sustainability claims, organisations face reputational and regulatory risk from greenwashing. Robust ESG reporting and assurance mitigates this risk .

The Solution: Strategic Sustainability Reporting & ESG Advisory

We provide sustainability reporting and ESG advisory services that help you navigate new regulations, disclose with confidence, and unlock sustainable value. Our approach combines regulatory expertise, technical knowledge of IFRS S1 and S2, practical implementation support, and capacity building.

At Qeeva Advisory, we understand that sustainability reporting is not just a compliance exercise—it is an opportunity to demonstrate value creation, strengthen stakeholder trust, and access capital. Our team brings deep expertise in financial reporting, regulatory compliance, and sustainability frameworks.

We help you prepare for mandatory adoption, build the systems and governance required for effective reporting, and disclose information that meets investor and regulatory expectations.

Whether you need gap assessment, implementation planning, GHG emission measurement support, or complete sustainability reporting transformation, we provide the expertise and commitment to help you succeed.

Our Comprehensive Sustainability Reporting & ESG Advisory Services

We offer end-to-end sustainability reporting and ESG advisory services tailored to the Nigerian regulatory environment.

IFRS S1 and S2 Implementation

We help you implement the IFRS Sustainability Disclosure Standards.

Gap Assessment – We assess your current reporting practices against IFRS S1 and S2 requirements, identifying gaps and prioritising actions.

Implementation Roadmap – We develop implementation roadmaps that sequence activities, define timelines, and allocate resources.

Implementation Plan Preparation – We help you prepare the Implementation Plan required by the SEC, addressing governance arrangements, gap assessment, roadmap, data systems, internal controls, assurance, capacity building, and expected year of first reporting .

Governance Arrangements – We help you establish board oversight, sustainability committees, and management accountability for ESG performance .

Capacity Building Plans – We develop capacity building and training plans that equip your team for sustainability reporting .

Assurance Readiness – We prepare you for the assurance requirements that accompany mandatory adoption.

Sustainability Reporting Framework Development

We help you build the framework for sustainability reporting.

Materiality Assessment – We conduct materiality assessments that identify the sustainability topics most relevant to your business and stakeholders. We use benchmarking against peers and sustainability frameworks .

Business Model and Value Chain Disclosure – We help you disclose your business model and value chain, including the current and anticipated effects of sustainability-related risks and opportunities .

Sustainability Disclosure Policies – We help you develop and disclose sustainability disclosure policies that set out your approach .

Interim Sustainability Disclosures – We help you prepare interim sustainability disclosures as integral parts of interim financial statements, based on incremental information arising after the last quarter .

Annual Sustainability Disclosures – We help you prepare annual sustainability disclosures included as part of the Annual Report presented to shareholders at the AGM .

Climate-Related Disclosures (IFRS S2)

We help you disclose climate-related risks and opportunities.

Governance Disclosure – We help you disclose the governance processes, controls, and procedures used to monitor and manage climate-related risks and opportunities.

Strategy Disclosure – We help you disclose how climate-related risks and opportunities affect your strategy, financial planning, and business model, including scenario analysis .

Risk Management Disclosure – We help you disclose the processes used to identify, assess, prioritise, and monitor climate-related risks and opportunities, and how these are integrated into overall risk management .

Metrics and Targets Disclosure – We help you disclose metrics and targets, including greenhouse gas emissions (Scope 1, 2, and 3), climate-related transition and physical risks, opportunities, capital deployment, internal carbon prices, and remuneration linked to climate considerations .

Scenario Analysis – We help you conduct qualitative and, where appropriate, quantitative scenario analysis commensurate with your circumstances, skills, capabilities, and resources .

Greenhouse Gas (GHG) Emission Measurement and Reporting

We help you measure and report greenhouse gas emissions.

Scope 1, 2, and 3 Emission Measurement – We help you measure and disclose absolute gross greenhouse gas emissions classified as Scope 1, Scope 2, and Scope 3 .

Disaggregation and Disclosure – We help you disaggregate emissions between the consolidated accounting group and other investees, and disclose location-based Scope 2 emissions and contractual instruments .

Scope 3 Categories and Financed Emissions – We help you identify and disclose Scope 3 categories and, for asset managers, commercial banks, and insurers, financed emissions .

GHG Emission Calculator – We help you use IPCC/UNFCCC GHG emission calculators with Nigeria emission factor considerations .

Methodology Disclosure – We help you disclose the measurement approach, inputs, and assumptions used, and the reason for choosing them .

Sector-Specific GHG Reporting – For upstream oil and gas operators, we help you comply with NUPRC’s Guidance Template for GHG Emissions Inventory Reporting, including baseline establishment, activity data, emission factors, uncertainty estimates, and progress to measurement-based reporting .

ESG Strategy and Governance

We help you build the governance and strategy for ESG.

ESG Strategy Development – We help you develop board-approved ESG strategies and controls that align with your business objectives .

Board Oversight and Governance – We help you establish board oversight, sustainability committees, and governance frameworks that ensure accountability for ESG performance .

ESG Risk Integration – We help you integrate ESG risks into enterprise risk management and overall risk management processes.

Greenwashing Risk Mitigation – We help you mitigate greenwashing and disclosure risk across corporate filings, investor communications, and sustainability reports .

Data Systems and Controls

We help you build the systems that support sustainability reporting.

Data Collection Systems – We help you design and implement data collection systems that capture accurate, complete, and reliable sustainability data .

Data Governance – We help you establish data governance frameworks that ensure data quality, consistency, and controlled access.

Internal Controls over Sustainability Reporting – We help you design internal controls that ensure the accuracy and reliability of sustainability disclosures.

Reporting Systems and Dashboards – We help you implement reporting systems and dashboards that provide visibility into ESG performance.

Capacity Building and Training

We help you build internal capability for sustainability reporting.

Board and Management Training – We train boards and management on their ESG oversight responsibilities and the requirements of IFRS S1 and S2.

Finance Team Training – We train finance teams on sustainability reporting requirements, data collection, and disclosure preparation.

ESG Awareness Training – We deliver ESG awareness training across the organisation, building understanding of sustainability-related risks and opportunities.

Training of Trainers – We build internal training capability so you can sustain ESG knowledge.

Assurance and Verification Readiness

We prepare you for ESG assurance.

Assurance Readiness Assessment – We assess your readiness for assurance and identify gaps.

Evidence and Documentation – We help you maintain evidence and documentation that supports assurance.

Internal Assurance Readiness – We help you establish internal processes that support external assurance.

Assurance Coordination – We coordinate with assurance providers where required.

Sector-Specific ESG Advisory

We provide specialised ESG advisory across sectors.

Oil and Gas – We help upstream operators comply with NUPRC GHG reporting requirements and sectoral carbon budgets .

Financial Services – We help banks and financial institutions comply with the Nigerian Sustainable Banking Principles and integrate ESG into lending and investment decisions .

Manufacturing – We help manufacturers measure emissions, disclose climate-related risks, and comply with the Climate Change Act .

Agriculture – We help agribusinesses disclose climate-related risks and opportunities, including methane and nitrous oxide emissions .

Power and Energy – We help power companies disclose emissions, renewable energy share, and energy efficiency .

Regulatory Frameworks and Standards We Address

We help you comply with the full range of Nigerian and international sustainability frameworks:

IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information
IFRS S2 – Climate-related Disclosures
FRC Sustainability Reporting Guideline (SRG1) – Nigerian guidance on IFRS S1 and S2 adoption
FRC Roadmap for Adoption of IFRS Sustainability Disclosure Standards – Phased implementation timeline
SEC Circular on Implementation of IFRS Sustainability Disclosure Standards – Implementation Plan requirements
Climate Change Act 2021 – Sectoral carbon budgets, Climate Change Officer, annual progress reports
Nigerian Sustainable Banking Principles (NSBP) – Mandatory for banks and financial institutions
NGX Sustainability Disclosure Guidelines – For listed companies
NUPRC GHG Emissions Inventory Reporting Template – For upstream oil and gas operations
Greenhouse Gas Protocol – Corporate Standard and Scope 3 Standard
IPCC Guidelines – For national greenhouse gas inventories
TCFD Framework – Task Force on Climate-related Financial Disclosures, incorporated into IFRS S1 and S2

Industries We Serve

We provide sustainability reporting and ESG advisory services across multiple sectors in Nigeria.

Banking and Financial Services – We help banks, insurance companies, and financial institutions comply with NSBP, integrate ESG into lending, and disclose sustainability performance.

Oil and Gas – We help upstream operators comply with NUPRC GHG reporting requirements and disclose climate-related risks.

Manufacturing – We help manufacturers measure emissions, disclose climate risks, and comply with the Climate Change Act.

Power and Energy – We help power companies disclose emissions, renewable energy share, and energy transition plans.

Agriculture and Agribusiness – We help agribusinesses disclose climate-related risks and sustainable agricultural practices.

Technology and Digital – We help tech companies disclose governance, data security, and social metrics.

Retail and Consumer Goods – We help retailers disclose supply chain, social, and environmental metrics.

Real Estate and Construction – We help developers disclose climate risks, energy efficiency, and community impact.

Healthcare – We help healthcare organisations disclose social, governance, and environmental metrics.

Professional Services – We help professional service firms disclose governance, ethics, and social metrics.

SMEs – We help SMEs prepare for mandatory adoption from 2030.

Public Sector – We help government agencies and public entities comply with sustainability disclosure requirements.

Our Engagement Process

We follow a structured, collaborative process to deliver high-impact sustainability reporting and ESG advisory.

Phase 1: Discovery and Gap Assessment – We understand your business, current reporting practices, and regulatory obligations. We conduct gap assessments against IFRS S1 and S2 requirements.

Phase 2: Implementation Planning – We develop implementation roadmaps, governance arrangements, and data collection systems. We help you prepare the SEC Implementation Plan.

Phase 3: Framework Development – We help you develop materiality assessments, disclosure policies, and reporting frameworks.

Phase 4: Data Systems and Controls – We help you build data collection systems, internal controls, and reporting dashboards.

Phase 5: Disclosure Preparation – We help you prepare interim and annual sustainability disclosures.

Phase 6: Assurance Readiness – We prepare you for assurance and coordinate with assurance providers.

Phase 7: Capacity Building – We train boards, management, and finance teams on sustainability reporting.

Why Choose Qeeva Advisory for Sustainability Reporting & ESG Advisory

Deep Regulatory Knowledge – We have extensive expertise in IFRS S1 and S2, the FRC Sustainability Reporting Guideline, the SEC Circular, the Climate Change Act, and sector-specific requirements including NUPRC GHG reporting.

Practical Implementation Focus – We help you move from assessment to implementation, addressing governance, data systems, controls, and disclosure preparation.

Technical Expertise – We understand the technical requirements of IFRS S1 and S2, including GHG emission measurement, scenario analysis, and metrics and targets disclosure.

Nigerian Market Knowledge – We understand the Nigerian regulatory environment, including the FRC Roadmap, SEC requirements, and sector-specific regulations.

Comprehensive Service Offering – We provide end-to-end services from gap assessment to disclosure preparation to assurance readiness.

Capacity Building Focus – We build internal capability through training and knowledge transfer, ensuring sustainability reporting is sustained.

Governance Expertise – We help you establish board oversight, sustainability committees, and governance frameworks that ensure accountability.

End-to-End Support – We provide comprehensive services from assessment to implementation to ongoing support.

Long-Term Partnership – We build lasting relationships, providing ongoing support as your reporting evolves and regulations change.

Confidentiality and Integrity – We treat your business and sustainability information with the highest level of confidentiality.

Related Services

Statutory Audit Services – Independent assurance, regulatory compliance, and stakeholder confidence.

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IFRS Advisory Services – Achieve compliance, improve reporting quality, and build investor confidence.

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Risk Management Services – Identify risks early, mitigate effectively, and protect value.

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Internal Audit & Controls Services – Strengthen assurance, improve controls, and drive accountability.

Learn More About Internal Audit & Controls Services

ICFR Documentation Services – Document your controls, strengthen confidence, and achieve compliance.

Learn More About ICFR Documentation Services

Performance Management & Performance Reporting Services – Set clear targets, track performance, and drive accountability.

Learn More About Performance Management & Performance Reporting Services

Management Consulting Services – We provide management consulting services to support your goals of keeping pace with changes in the business environment, competition, and government regulation.

Learn More About Management Consulting

Legal & Regulatory Advisory Services – Navigate complexity, ensure compliance, and protect your business.

Learn More About Legal & Regulatory Advisory Services

Monitoring & Evaluation Services – Measure what matters, learn what works, and improve what doesn’t.

Learn More About Monitoring & Evaluation Services

Operations Review and Operational Efficiency Services – Review your operations, eliminate waste, and drive efficiency.

Learn More About Operations Review and Operational Efficiency Services

Frequently Asked Questions (FAQ)

1. When does mandatory sustainability reporting begin in Nigeria?

Public Interest Entities—including all Public Companies and Significant Public Interest Capital Market Operators—are required to prepare sustainability-related financial disclosures in accordance with IFRS S1 and IFRS S2 for accounting periods beginning on or after January 1, 2028. SMEs will be subject to mandatory adoption for accounting periods beginning on or after January 1, 2030 .

2. What is the SEC Implementation Plan requirement?

The SEC has directed every Public Company and Significant Public Interest Capital Market Operator to submit its Implementation Plan for adopting the IFRS Sustainability Disclosure Standards on or before October 15, 2026. The plan must address governance arrangements, gap assessment, implementation roadmap, data collection systems, internal control and assurance arrangements, capacity building, expected year of first reporting, and key implementation challenges .

3. What are IFRS S1 and S2?

IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) are the first two standards issued by the International Sustainability Standards Board (ISSB). They provide a global baseline for sustainability reporting .

4. What does IFRS S2 require?

IFRS S2 requires disclosure of governance processes, strategy (including scenario analysis), risk management, and metrics and targets. Metrics include greenhouse gas emissions (Scope 1, 2, and 3), climate-related transition and physical risks, opportunities, capital deployment, internal carbon prices, and remuneration linked to climate considerations .

5. How do I measure greenhouse gas emissions for reporting?

Entities should use IPCC/UNFCCC GHG emission calculators with Nigeria emission factor considerations. For Scope 1 and 2, disaggregate between the consolidated accounting group and other investees. For Scope 2, disclose location-based emissions and contractual instruments. For Scope 3, disclose categories included and financed emissions where applicable .

6. What is the Climate Change Act 2021?

The Climate Change Act 2021 is Nigeria’s landmark climate legislation. It mandates sectoral carbon budgets, requires private entities with fifty or more employees to appoint a Climate Change Officer and submit annual progress reports, and establishes a framework for achieving net-zero emissions by 2060 .

7. What are the Nigerian Sustainable Banking Principles?

The Nigerian Sustainable Banking Principles (NSBP) are mandatory for development finance institutions, discount houses, and deposit money banks. They require sustainable banking policies, environmental and social risk management procedures, and sustainable banking reporting frameworks .

8. What is greenwashing risk?

Greenwashing risk is the risk of reputational and regulatory damage from making misleading or unsubstantiated sustainability claims. Robust ESG reporting and assurance mitigates this risk .

9. How long does IFRS S1 and S2 implementation take?

Implementation timelines vary based on your starting point and complexity. Gap assessment and planning may take 3-6 months, while full implementation may take 12-18 months. We provide clear timelines during planning.

10. Do you help with SEC Implementation Plan preparation?

Yes. We help you prepare the Implementation Plan required by the SEC, addressing all required elements .

11. Do you provide training for boards and management?

Yes. We provide board and management training on ESG oversight responsibilities and IFRS S1 and S2 requirements.

12. Do you serve businesses outside Lagos?

Yes. While our head office is in Ikeja, Lagos, we serve businesses across Nigeria. Our sustainability reporting and ESG advisory services are available to clients regardless of location.

13. How do I get started?

Contact us to schedule your free consultation. We’ll discuss your sustainability reporting and ESG needs, assess your situation, and provide recommendations for how we can help.

Contact Us

Navigate new regulations, disclose with confidence, and unlock sustainable value. Let us build a partnership that helps you prepare for Nigeria’s sustainability reporting era.

Schedule Your Free Consultation to discuss your sustainability reporting and ESG advisory needs and explore how we can help.

Phone: +234 802 320 0801, +234 807 576 5799

Email: info@qeeva.com

Address: 5, Ishola Bello Close, Off Iyalla Street, Alausa, Ikeja, Lagos, Nigeria

Business Hours: Monday to Friday, 8:00 AM – 6:00 PM WAT

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Sustainability Reporting & ESG Advisory Service

Why Nigerian Organisations Need Sustainability Reporting & ESG Advisory

The Solution: Strategic Sustainability Reporting & ESG Advisory