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Environmental Reporting and Sustainbility Reports in Oil Companies in Nigeria

Author

Listed:
  • Joseph U. Madugba
  • E. Ben-Caleb
  • T. U. Agburuga
  • W. C. Ani
  • S. L. Jegede
  • S. O. Fadoju

Abstract

Environmental reporting is crucial for corporate survival as it builds corporate image, but certain procedures and regulations must be put in place to guide such reporting. Accordingly, this study examined environmental reporting and sustainability reports by oil companies in Nigeria with the aim of assessing the relationship between corporate environmental reporting and determinant of sustainability reports. Ex-post-facto and survey research design were adopted and data were sourced from structured questionnaires administered to corporate respondents and a 56 item sustainability reporting index adapted from the Global Reporting Initiative. Descriptive statistics were carried out, one way and two factors ANOVA and Post hoc test were all conducted. The study provided evidence of a positive and significant variation between corporate environmental reporting and determinants of sustainability reports in petroleum companies in Nigeria. The study recommended that management of petroleum companies should ensure compliance with corporate sustainability reporting.

Suggested Citation

  • Joseph U. Madugba & E. Ben-Caleb & T. U. Agburuga & W. C. Ani & S. L. Jegede & S. O. Fadoju, 2021. "Environmental Reporting and Sustainbility Reports in Oil Companies in Nigeria," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(1), pages 310-318, January.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:1:p:310-318
    DOI: 10.5430/ijfr.v12n1p310
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    References listed on IDEAS

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