Business Case for Integrated Reporting in the Nigerian Oil and Gas Sector

Ayoola, Tajudeen John; Olasanmi, Omoneye O.

doi:10.22164/isea.v7i1.74

Cited by 23 publications

(26 citation statements)

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“…An effective corporate reporting involves a clear presentation of the company's strategy and objectives established based on understanding the market context and drivers [28]. The term "effective" refers to the disclosure of information like vision and goals, management approach and performance indicators [29].…”

Section: Description Of the Integrated Reporting Concept In General Amentioning

confidence: 99%

The Compliance of the Integrated Reports Issued by European Financial Companies with the International Integrated Reporting Framework

Ioana

Dumitru

2017

Sustainability

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Integrated reporting (IR) is an emerging practice increasingly capturing the attention of companies. The purpose of this paper is to analyze how the integrated reports issued by companies from the financial sector in Europe are following the guidance of the International Integrated Reporting Framework (IIRF). To achieve this objective, we analyzed the way in which the integrated reports of eight companies are following the guidance provided by the IIRF. As a result, we noticed that the annual report of Generali scored the highest compliance level with the guidance of the IIRF, but each one of the companies stood out with respect to at least one of the guiding principles or fundamental concepts mentioned in the IIRF. Although the companies included in the sample are in different stages of IR adoption, our results contribute to understanding the practice of IR. The conclusions support the use of a tool to measure the compliance of an integrated report to the existing requirements in the context of an industry linked to many other domains.

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Section: Description Of the Integrated Reporting Concept In General Amentioning

confidence: 99%

The Compliance of the Integrated Reports Issued by European Financial Companies with the International Integrated Reporting Framework

Ioana

Dumitru

2017

Sustainability

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“…Results from scholars varied widely with some findings showing that disclosures by most companies were incomplete in the sense that not all items on either the corporate performance or environmental reporting list were disclosed (Adams, 2004;Andrikopoulos & Kriklani, 2013). In their studies Aquino (2009), Asaolu, Agboola, Ayoola, & Salamu (2011), Ayoola & Olasanmi (2013), and Basalamah & Jermias (2005) discovered that there was no uniformity in environmental reporting by companies. This was mainly due to the use and lack of a globally recognized and endorsed standards or guidelines.…”

Section: 4sustainability Information Disclosure Relationshipsmentioning

confidence: 99%

“…The problem with content analysis is that it is highly subjective and that scores could be arbitrarily awarded. Ayoola and Olasanmi (2013) for instance, awarded between 0 and 5 points for the different levels of disclosure, while there were no marks for audited and un-audited reports. Other studies like Uwuigbe (2012) used dummy scales for disclosure and non-disclosure (0 and 1).…”

Section: 4sustainability Information Disclosure Relationshipsmentioning

confidence: 99%

“…Of much interest however, are the results that showed insignificant or no significant relationship between corporate performance and environmental reporting. Ayoola and Olasanmi (2013), discovered that apart from the lack of uniformity of disclosure by companies, there were no relationships whatsoever between the two variables. The implication was that corporate performance does not in any way influence environmental disclosure.…”

Section: 4sustainability Information Disclosure Relationshipsmentioning

confidence: 99%

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Sustainability Reporting by Firms in the Nigerian Economy: Social versus Environmental Disclosure

Haladu

Salim

2017

JAFEE

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Purpose: There is need for specialization on individual categories of sustainability information disclosure. An attempt has been made in this study to make a comparison between the environmental and social categories of sustainability disclosure. Methodology: Guided by the G4 sustainability reporting guidelines, environmentally sensitive companies in the Nigerian economy were analyzed for 6 years (2009-2014). Separate assessments and comparisons were made between environmental reporting and social reporting on the impact, influence and significance of their relationships using Stata13SE analytical tool. Findings: The results shows that firms performed better on social reporting than on environmental reporting in terms of higher sustainability disclosure rates and significant relationships. Research Implications: The current trend of reporting sustainability information disclosure under both social and environmental reporting is encouraging considering the fact that disclosure on sustainability issues in Nigeria is voluntary. Practical Implications: Firms in environmentally sensitive sectors are disclosing sustainability information than expected. Originality/Value: The uniqueness in comparing sustainability disclosures between environmental information and social information.

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“…Today, achieving energy which is the basic need is important for economic and social development [30]. The structure of the global energy sector is shaped by environmental factors with the impact of climate change [31].…”

Section: Examination Of Integrated Reporting Application For Energy Smentioning

confidence: 99%

Integrated Reporting: A Template for Energy Companies

Yıldırım¹,

Kocamış²,

Türüdüoğlu³

2017

Accounting and Corporate Reporting - Today and Tomorrow

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Integrated reporting (IR) is an accelerated corporate reporting approach over the last few years. The idea underlying integrated reporting is to report not only on the company's strategy, management, and financial performance, but also on its social, environmental, and economic impacts. Integrated reporting can also be defined as a holistic report aiming to present annual reports and sustainability reports in a single report, as well as short-, medium-, and long-term goals and strategies of the institution. In the integrated reporting framework prepared by the International Integrated Reporting Council (IIRC), companies aim to make company value measurable and therefore more understandable and comparable by quantifying the environmental and social implications, as well as the financial statements. In this study, firstly the conceptual framework of integrated reporting and the process of extending to integrated reporting, and then the work done in this area in Turkey were given. In the last part of this study, energy companies which are very important in the world trade and which are coming to the agenda due to environmental problems are considered. In this section, integrated reports of seven companies operating in the energy sector and publishing integrated reports are examined. Lastly, it proposes an integrated report template for the Turkish energy sector to contribute to future work.

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Business Case for Integrated Reporting in the Nigerian Oil and Gas Sector

Cited by 23 publications

References 0 publications

The Compliance of the Integrated Reports Issued by European Financial Companies with the International Integrated Reporting Framework

The Compliance of the Integrated Reports Issued by European Financial Companies with the International Integrated Reporting Framework

Sustainability Reporting by Firms in the Nigerian Economy: Social versus Environmental Disclosure

Integrated Reporting: A Template for Energy Companies

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