A Nigerian IPP needed to meet new FRC sustainability reporting requirements and satisfy a development-finance lender's ESG covenant. Outliers built the disclosure programme from scratch.
Challenge
No baseline emissions inventory, no climate-risk assessment, and no governance structure for sustainability oversight. Lender covenants required disclosure within 9 months.
Approach
Performed a Scope 1–3 inventory using the GHG Protocol, ran a climate risk and scenario analysis aligned to IFRS S2, and drafted board-level governance and committee charters.
Solution
Published a 48-page sustainability report aligned with IFRS S1/S2 and the FRC framework, with assured Scope 1 emissions and a transition plan summary.
Results
Lender covenant satisfied; report referenced positively in the DFI's annual portfolio review; established repeatable reporting cycle for subsequent years.
Business impact
Protected $48m of facility headroom and positioned the company for green-tranche refinancing in 2027.