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Effect of Board Gender Diversity on ESG Sustainability Transparency in Nigeria Money-Depositing Listed Banks

Author

Listed:
  • Bello, Rahman Ayodeji

    (Anan University Kwall)

  • Ngerebo-A Tamunonimim A.

    (Anan University Kwall)

Abstract

This study examines the impact of board gender diversity and key committee gender diversity (audit, risk, remuneration, and nomination) on Environmental, Social, and Governance (ESG) disclosure among listed commercial banks in Nigeria from 2012 onwards. Using linear regression, robust regression, fixed effects, and random effects models, the analysis reveals that board gender diversity (BGD) does not significantly influence ESG disclosure. However, audit and risk committee gender diversity play a more pivotal role, with audit committee diversity showing a negative effect on ESG transparency in the robust regression model. The risk committee’s gender diversity produced mixed results, with both positive and negative impacts depending on the model used, suggesting that its effect on ESG disclosure is context-specific. Other committees, including the remuneration and nomination committees, did not have a significant impact on ESG reporting. Firm size emerged as a significant determinant in the robust regression, while leverage was marginally significant, indicating that highly leveraged firms may disclose less ESG information.

Suggested Citation

  • Bello, Rahman Ayodeji & Ngerebo-A Tamunonimim A., 2025. "Effect of Board Gender Diversity on ESG Sustainability Transparency in Nigeria Money-Depositing Listed Banks," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(6), pages 814-826, June.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:6:p:814-826
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    References listed on IDEAS

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    1. C. José García Martín & Begoña Herrero, 2020. "Do board characteristics affect environmental performance? A study of EU firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 74-94, January.
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