ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) PRACTICES
At the Ministry of Finance Incorporated (MOFI), our commitment to Environmental, Social, and Governance (ESG) principles is deeply ingrained in our corporate ethos.
At the Ministry of Finance Incorporated (MOFI), our commitment to Environmental, Social, and Governance (ESG) principles is deeply ingrained in our corporate ethos. As a responsible corporate citizen, we are dedicated to embedding these principles across all our interactions, both within our organization and with our diverse range of external stakeholders.
Our approach to ESG is not just a matter of policy but a guiding force in all our operations. We recognize that our actions have a profound impact on the environment, the society we serve, and the governance standards we uphold. In this vein, MOFI adheres strictly to a multitude of laws and regulations that underpin our ESG commitments.
These include, but are not limited to, the Climate Change Act, 2021, which guides our efforts in reducing carbon footprints and fostering sustainability. The Environmental Impact Assessment Act, 2004, ensures that all our projects and investments are evaluated for their environmental implications, safeguarding our planet for future generations.
our dedication to responsible environmental stewardship
Further, our adherence to the Harmful Waste (Special Criminal Provisions) Act 1988 and the Petroleum Industry Act 2021 reflects our dedication to responsible environmental stewardship and ethical industry practices. The Water Resources Act LFN 2004 and the Factories Act LFN 2004 guide our efforts in preserving vital natural resources and ensuring safe, humane working conditions.
MOFI also upholds social responsibility through compliance with the Employee Compensation Act, 2010, National Health Insurance Scheme Act, LFN 2004, and the Pension Reform Act, 2014. These laws enable us to support and nurture our employees, ensuring their well-being and financial security.
Lastly, our governance practices are aligned with the principles set forth in the Financial Reporting Council of Nigeria Act 2011, ensuring transparency, accountability, and integrity in all our financial dealings.
In essence, MOFI’s approach to ESG is comprehensive and multifaceted, reflecting our deep-seated
commitment to creating a sustainable, equitable, and responsible future.