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Environmental Sustainability Reporting and Financial Performance of Listed Manufacturing Firms in Nigeria

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Environmental Sustainability Reporting and Financial Performance of Listed Manufacturing Firms in Nigeria


Obiora Fabian. | Ijoma Rev. Sr. Mary Alice



Obiora Fabian. | Ijoma Rev. Sr. Mary Alice "Environmental Sustainability Reporting and Financial Performance of Listed Manufacturing Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-2, February 2022, pp.838-847, URL: https://www.ijtsrd.com/papers/ijtsrd49332.pdf

Background: Environmental sustainability is the art or science of measuring, disclosing, and being accountable to internal and external stakeholders for organizational performance towards the goal of sustainable development.Aim: This study was carried out to examine the relationship between environmental sustainability reporting and financial performance of manufacturing firms in Nigeria. In order to determine the relationship between environmental sustainability reporting (ESR) and financial performance, environmental sustainability reporting was proxy using Kinder Lydenberg Domini (KLD) social-environmental performance rating system while financial performance on the hand was proxy using return on equity (ROE) and net assets per share (NAPS). Materials and Methods: The study adopted Ex Post Facto Design and data were collected from the annual reports and accounts of consumer goods firms in Nigeria spanning from 2016-2020. The study employed OLS regression model as a statistical test tool.Results: The findings of the study indicate that environmental sustainability reporting (ESR) has significant and positive relationship with financial performance (ROE & NAPS) of manufacturing firms in Nigeria at 5% significant level. Conclusion: Thus, the study concludes that environmental sustainability reporting ensures firms performance in Nigeria. Recommendation: Hence, the study recommended that the management of environmentally-sensitive firms in Nigeria should sustain and enhance environmental sustainability reporting since it has positive and significant relationship with financial performance.

Environmental Sustainability Reporting, Financial Performance, Return on Equity, Net Assets Per Share


IJTSRD49332
Volume-6 | Issue-2, February 2022
838-847
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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