Businesses charged to embrace ESG for global competitiveness

A thought leader in sustainable and regenerative design, Ijeoma Azi, has underscored the critical role of environmental, social and governance (ESG) practices in shaping the future of businesses and helping them compete on a global scale.

Speaking at a media briefing yesterday, she noted that ESG was a strategic opportunity for Nigerian businesses to achieve long-term profitability, resilience and global competitiveness.

She said: “Simple changes in energy efficiency, waste reduction, or staff welfare already yield measurable returns. Directors do not need to overhaul everything overnight; they need to set a vision and take consistent steps.” She also noted that ESG applies to businesses of all sizes.

“A Nigerian small and medium enterprise (SME) that adopts sustainable packaging is as much a player in the ESG space as a multinational investing in green energy,” she said.She stated that early adoption of ESG brings significant financial advantages.

“Global capital is flowing toward ESG-compliant businesses. Investors, development partners and international buyers are prioritising companies that align with sustainable practices. Those who adapt early will lead; those who delay risk exclusion,” she said.

On corporate leadership, she stressed that directors are stewards of both profitability and legacy. True governance, she added, extends beyond legal compliance. It requires anticipating change, protecting stakeholders and positioning companies to lead rather than lag.
Noting that architecture and space planning provide some of the most immediate ESG wins, she described regenerative design as “not only an environmental ethic but also good business”.

“It safeguards assets, lowers risk, enhances brand reputation, and builds trust with both employees and customers,” she added.
Outlining a vision for Nigerian boardrooms, she said, “Imagine Nigeria’s top companies setting the pace for sustainable leadership, not waiting for international pressure.

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