Background: Sustainability practice deals with the measurement, analysis and communication of interactions and links between social, environmental and economic issues constituting the three dimensions of sustainabilityAim: This study empirically investigated the relationship between corporate social sustainability practice and financial performance of listed consumer goods firms’ in Nigeria. The study is vital as it portrays the extent to which corporate social sustainability practice influences firms’ performance. In order to determine the relationship between corporate social sustainability practice (CSSP) and firms’ performance, corporate social sustainability disclosure index by GRI was used while firms’ performance on the other hand was represented by return on equity (ROE). Materials and Methods: Four hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using OLS regression model operated with STATA 15. Ex Post Facto design was adopted and data for the study were obtained from the Nigerian Stock Exchange Factbook and the published annual financial reports of the entire listed consumer goods firms on NSE with data spanning from 2016-2021. Results: The finding generally indicates that human rights disclosure, labour practices and decent work disclosure, product responsibility disclosure and societal disclosure have significant influence on firms’ performance (ROE) at 1%-5% significant level. Conclusion: Based on the findings of the study, the study concludes that corporate social sustainability practice has positively improved firms performance over the years. Recommendation: The study however suggests that firms should disclose more of this information in their annual reports in order to legitimize their operations by making public known about her commitment of business to contribute to sustainable economic development, working with employees, their families and the local communities as this disclosure is relevant for investors decision making.
Corporate Social Sustainability Practice, Labour Practice & Decent Work Disclosure, Human Rights Disclosure, Product Responsibility Disclosure, Societal Disclosure, Firms Performance
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