FMDQ Group reaffirms commitment to environmental protection – Low Calorie Diets Tips

FMDQ Group Plc has reaffirmed its commitment to protecting the environment as the global community marks World Environment Day 2022.

According to the FMDQ Group, their strong commitment to preserving the environment is firmly embedded in their sustainability agenda, which has the environment as one of its five (5) sustainability pillars and ties into the United Nations (UN) Sustainable Development Goal (SDG) 7 – Affordable and Clean Energy, Goal 12 – Responsible Consumption and Production and Goal 13 – Climate Action.

FMDQ added that recognizing the need to continuously remain at the forefront of global sustainable finance efforts and the potential of Nigerian financial markets to provide the needed finance for climate-resilient investments, Nigeria has taken the lead in promoting sustainable finance has initiatives.

“Notable among these initiatives is the launch and successful implementation of the Nigerian Green Bond Market Development Program (NGBDP) with Financial Sector Deepening Africa to accelerate green bond development as a vehicle for Nigeria to scale up investment in green projects and assets. Now in its 5th year, the NGBDP has successfully influenced over 928 financial market stakeholders through over 34 capacity building meetings and facilitated the issuance of four corporate green bonds and two sovereign green bonds for a total value of N58.51 billion. The NGBDP also recently released an impact report on its activities and how it has supported the use of green bonds in financing low-carb infrastructure in Nigeria,” it said.

FMDQ Group added that it also facilitated the establishment of the Financial Center for Sustainability (FC4S), Lagos, the 23rd member of the International Network of Financial Centers, headquartered in Geneva, Switzerland, and acts as a secretariat whose sole objective is the Acceleration is the expansion of green and sustainable finance in Nigeria and the adoption of the UN 2030 SDGs.

“To fill the gap created by the lack of a dedicated platform for listing green and sustainable securities, FMDQ Group, through its wholly owned subsidiary FMDQ Securities Exchange Limited, has launched the leading green exchange in Africa – FMDQ Green Exchange . FMDQ Green Exchange is a virtual information storage platform that drives the growth of green and sustainable securities and provides reliable green data in Nigeria’s financial markets – promoting transparency, good governance and compliance – by showcasing securities issues that are in tune with global environments , Social and Governance Principles (ESG). The recent addition of FMDQ Group as an Observer Member to the ICMA Green Bond Principles is also critical to the FMDQ Green Exchange’s ability to provide assurances to issuers that they adhere to globally acceptable standards,” she noted.

Nigeria,

In response to being placed in the top 10 most vulnerable countries to climate change

Globally, through its Nationally Determined Contributions (NDC), as stated in the NDC Interim Report, Nigeria has pledged a 20 percent reduction in emissions below normal business and a further 45 percent reduction conditional on receiving financial support and capacity building and technology transfer .

Globally, financial markets are playing a more prominent role in the quest to mitigate the impact of climate change through advocacy

increased investment in sustainability-related financial instruments such as green and blue bonds, as the long-term financial benefits of incorporating ESG principles into investments far outweigh any immediate costs.

And FMDQ said it remains focused on implementing sustainability-focused initiatives to support the implementation of Nigeria’s ambitious NDC commitment and commemorates World Environment Day 2022 by launching its recycling initiative – FMDQ Triple R Initiative – to support a circular economy.

“FMDQ Group is also assisting the Lagos State Government with the issuance

its first blue bond with proceeds aimed at addressing some of the issues with Lagos’ waterways and addressing the environmental issues associated with them,” it noted.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group strategically positioned to provide registration, listing, listing and listing services; integrated trading, clearing & central counterparty, settlement and risk management for financial market transactions; Securities custodian and data and information services in the debt, foreign exchange, derivatives and equity markets through its wholly owned subsidiaries – FMDQ Securities Exchange Limited, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

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