Lasaco Assurance Plc has announced plans to fully integrate Environmental, Social, and Governance (ESG) principles into its corporate strategy as part of efforts to strengthen long-term value creation and promote sustainable insurance practices in Nigeria’s financial services sector.
The company said the adoption of ESG standards is aimed at reinforcing operational resilience, improving governance discipline, and building stronger confidence among stakeholders.
According to the insurer, the move reflects a deliberate strategy to align its growth ambitions with responsible underwriting, robust governance frameworks, and disciplined risk management practices.
As regulatory expectations and stakeholder demands continue to evolve, Lasaco noted that it is embedding sustainability considerations into its core business operations to ensure transparency, stability, and consistent performance.
Rather than treating ESG as a separate initiative, the company stated that governance oversight, compliance, integrity, and accountability are being integrated directly into its strategic decision-making processes.
This approach, it said, will ensure that business expansion is supported by prudent financial management, structured risk evaluation, and strengthened internal control systems.
Speaking on the initiative, Managing Director of Lasaco Assurance, Ademoye Shobo, highlighted the importance of balancing corporate growth with strong governance and long-term responsibility.
“Sustainable growth requires discipline, accountability, and structured risk management,” Shobo said. “By embedding ESG principles into our strategic framework, we are ensuring that expansion is supported by strong governance and responsible operational practices.”
He added that the company would continue to strengthen its compliance architecture, reporting standards, and governance processes in line with evolving industry regulations.
According to Shobo, these measures are designed to enhance operational resilience, support regulatory alignment, and reinforce trust among policyholders, partners, and other stakeholders.
