Corporate Sustainability Practices and the Financial Performance of Listed Non-Financial Companies in Nigeria

The study evaluated how corporate sustainability practices affect the financial performance of listed non-financial companies in Nigeria. The study specifically addressed the relationship between ROA, ROE, EVA, and Tobin's Q and social, environmental, governance, and ESG disclosure indexes. Both longitudinal and expost facto study designs were used. As of November 6, 2022, there were 107 non-financial companies listed on the Nigerian Exchange Group database; sampling technique was used to select 77 companies from this population. NGX database, websites of sampled companies, and annual reports were used to collect data in accordance with GRI and ESG sustainability disclosure criteria. Descriptive and inferential statistics were used to evaluate the data. The study revealed that corporate sustainability disclosure has significant effect on return on asset, Tobin's Q, and return on equity of listed non-financial companies in Nigeria. Meanwhile, the study showed that corporate sustainability disclosure has no significant effect on the economic value added of listed non-financial companies in Nigeria. The study, therefore, recommends that stakeholder engagement should be enhanced to gather information and feedback on how companies can be sustainably beneficial to stakeholders.