Stakeholders advocate responsible AI adoption for ESG, data management

Industry leaders at the 2025 Company Secretaries and Registrars Forum, organized by the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), have emphasised responsible AI adoption in corporate governance and sustainability. 

The forum gathered experts in governance, finance, and technology to discuss AI’s role in sustainable corporate practices.

Speaking at the panel discussion themed ‘Enhancing the AI Mindset in Delivering Sustainability Principles on Data Management and Governance,’  Head of Communications and Partnerships at Nigerian Exchange Group (NGX Group), Clifford Akpolo highlighted AI’s transformative role in data governance, ESG reporting, and compliance frameworks.
 
“AI is a strategic partner in governance. It enables real-time decision-making, enhances transparency, and ensures sustainable business practices. Organizations must embed AI-driven governance into their corporate DNA,” Akpolo stated.

Akpolo noted that AI-driven governance frameworks would soon become the norm, helping organizations mitigate risks.

However, challenges such as cultural resistance, data integrity issues, and leadership buy-in remain. “For AI to drive sustainability, businesses must prioritize employee upskilling, cross-functional collaboration, and AI-first policies that align with corporate strategy,” Akpolo added.

Akpolo also highlighted AI’s potential in improving transparency and efficiency within Nigeria’s capital market, stating that AI-powered platforms could enhance market surveillance, reduce transaction costs, and provide personalized financial insights. “AI will redefine governance in capital markets by automating compliance processes and detecting irregularities early,” he explained.

In addition, he urged organisations to assess AI readiness and pilot small-scale AI projects for seamless integration into governance structures. “AI is shaping the future of governance and sustainability. Companies that adopt it responsibly will lead, while others risk falling behind,” he concluded.
 
Delivering the keynote address,  Data Engineering Lead at KPMG Africa, Christopher Ogirri emphasised that company secretaries and registrars play a vital role in ensuring compliance as AI adoption grows.

He noted that ESG reporting would become mandatory in Nigeria by 2028, following the Financial Reporting Council’s Adoption Readiness Roadmap.

President of ICSAN, Funmi Ekundayo stressed the need to integrate AI into governance while ensuring ethical and secure usage. “Developing the right AI mindset is crucial for optimal corporate governance,” she stated.

Managing Partner at Caleb Consulting Uganda Ltd, Bamidele Oseni stressed the need for governance professionals to adopt compliance software and blockchain technology. “AI users must prioritise risk management, cybersecurity, and human oversight to ensure responsible AI use,” he stated.

Company Secretary at United Capital Plc, Dr. Leo Okafor advocated for ethical AI committees to ensure accountability and compliance.

Stakeholders at the forum projected AI’s role in predictive compliance for proactive risk management, AI-powered ESG tracking for real-time sustainability reporting, and carbon footprint monitoring to support corporate environmental goals.

The ICSAN 2025 Forum reinforced the need for businesses to embrace AI-driven governance models while prioritising transparency, ethics, and regulatory compliance for sustainable growth.