Lasaco Assurance Plc to adopt ESG principle in corporate strategy

Lasaco Assurance Plc recently disclosed that it has embedded Environmental, Social, and Governance (ESG) principles into its corporate strategy. The company said this approach will boost long-term value creation, strengthen stakeholder confidence, and promote wider adoption of sustainable insurance practices across Nigeria’s financial services sector.

The Company insisted that the ESG principles reinforces its resilience, governance discipline, and long-term value creation across its operations, while its approach reflects a deliberate effort to align growth ambitions with responsible underwriting, strong governance frameworks, and disciplined risk management.

As regulatory expectations and stakeholder standards continue to evolve, Lasaco Assurance Plc maintained that it is embedding sustainability considerations into its core business processes to ensure stability, transparency, and consistent performance.

Rather than treating ESG as a standalone initiative, the company stressed it is integrating governance oversight, compliance, integrity, and performance accountability into strategic decision-making.

This ensures that expansion initiatives remain supported by prudent financial management, structured risk evaluation, and strengthened internal controls.

Managing Director, Mr. Ademoye Shobo, emphasized the importance of aligning growth with governance and long-term responsibility. “Sustainable growth requires discipline, accountability, and structured risk management.

“We are integrating ESG principles into our strategic framework to ensure that expansion remains supported by strong governance and responsible operational practices,” Shobo stated.

He averred that Lasaco Assurance Plc will continue to enhance its compliance architecture, reporting standards, and governance processes in line with evolving industry requirements.

These measures he explained are designed to strengthen operational resilience, support regulatory alignment, and reinforce confidence among policyholders, partners, and other stakeholders.