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

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 and 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. 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, URL: https://www.ijtsrd.com/papers/ijtsrd49332.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/49332/environmental-sustainability-reporting-and-financial-performance-of-listed-manufacturing-firms-in-nigeria/obiora-fabian