Corporate Environmental Disclosures in the Nigerian Manufacturing Industry: A Study of Selected Firms

Uwuigbe, Uwalomwa; Jafaru, Jimoh

doi:10.4314/afrrev.v6i3.5

Cited by 23 publications

(16 citation statements)

References 12 publications

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“…Perhaps the most striking finding was the lack of environmental reports, which is consistent with Uwalomwa & Jimoh (2012) who observed that environmental reports among the selected listed companies in Nigeria was relatively low. Sahore & Verma (2017) revealed the prevalence of a general lack of emphasis on environmental reports in Indian companies.…”

Section: Corporate Social Responsibility Reporting Quantity Analysissupporting

confidence: 85%

“…Belal (2001) illustrated that CSRR of 30 Bangladesh companies largely emphasised on positive news. Uwalomwa & Jimoh (2012) indicate that about 57% of selected manufacturing companies in Nigeria concentrated more on positive disclosures rather than negative and neutral news at 18% and 24% respectively. Cunningham (2001) demonstrated that companies provide little negative SED even when they have experienced several negative social/environmental events.…”

Section: Discussionmentioning

confidence: 99%

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Corporate social responsibility reporting of international oil companies in Nigeria

Odera

James

Scott

et al. 2020

IJOES

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Purpose This study aims to identify factors influencing corporate social responsibility reporting (CSRR) practices of international oil companies (IOCs) in Nigeria. It aims at distinguishing CSRR levels by examining both the quantity and quality of reporting. Design/methodology/approach The paper analyses annual reports through content analysis. CSRR extent and type are measured by the number of sentences. CSRR are further classified into three subcategories according to whether they are negative, neutral or positive reports and then their proportions compared through descriptive analysis. Findings For the extent and quality of CSRR, community was the most reported category. The majority of the total CSRR in the IOCs is positive with little evidence of negative news. None of the IOCs in the sample reported on the environment in their annual reports. Research limitations/implications The measurement of CSRR focuses only on annual reports, without consideration of other reporting media such as standalone reports and corporate websites. CSRR are assumed to be voluntary for the companies and they may choose not to report any information in annual reports, as there are no regulations or reporting guidelines in Nigeria to be followed. Practical implications The results reveal the absence of environmental reporting in the CSRR of IOCs in Nigeria suggests that they are less concerned with meeting local demands for accountability. The study recommends the need for regulatory intervention on the part of the Nigerian Government. Social implications The findings of study indicate that predominant existence of positive CSRR news among all the IOCs suggests there’s an attempt to encourage stakeholders and the public to believe that they are conscious of society and the environment. Originality/value The main contribution of this study lies in identifying the factors that have led to diversity and uniqueness in CSRR in IOCs. As such, this study seeks to contribute to the development of understanding multiple factors that could give rise to changing patterns of CSRR.

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Section: Corporate Social Responsibility Reporting Quantity Analysissupporting

confidence: 85%

Section: Discussionmentioning

confidence: 99%

Corporate social responsibility reporting of international oil companies in Nigeria

Odera

James

Scott

et al. 2020

IJOES

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“…The need for sustainable environmental cost management in the oil and gas sector has thus become the concern and focus of most nations and responsible corporate managements the world over. Organizations are now expected to be able to demonstrate that they are aware and addressing the impact of their operations on the environment and society in general [8].…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Sustainability Reporting and Financial Performance of Oil and Gas Industry in Nigeria

Erhinyoja¹,

Marcella²

2019

IJAFRM

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This study examined corporate social sustainability reporting and financial performance of Oil and Gas Industry in Nigeria. Issues regarding corporate sustainability have gained global relevance in recent times owing to the increasing awareness that activities of most organizations may have adverse implicational effects on the ecosystems, societies, and environments of the future. Thus, companies are now being required to extend their strategic policies and information reportage to encompass sustainability reporting practices in order to meet the environmental and social needs of both current and future stakeholders. It is on this light that this study was set out to examine the effect of sustainability reporting on the financial performance of listed oil and gas companies in Nigeria. This study assessed the effect of corporate social sustainability reporting on Return on Assets, Return on Equity, and Return on Capital Employed of oil and gas companies listed on the Nigeria Stock Exchange. Ten oil and gas companies were sampled for the study. The study utilized secondary data collected via financial ratios and accounts of the individual companies and content analysis. The findings showed that social sustainability reporting exerts negative effect on all three performance proxies, howbeit only its effect on return on equity was statistically significant. The study recommends, among others, that existing sustainability reporting standards should be aligned to reflect country-specific social and environmental challenges, while its implementation should rather be obligatory rather than voluntary.

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“…Related topics have been researched in this area, but notable amongst them is (Uwaigbe, 2012) on corporate environmental disclosures in Nigerian manufacturing industry. The paper adopted the use of content analysis of manufacturing industry concerning the extent of disclosure.…”

Section: Empirical Reviewmentioning

confidence: 99%

Impact of Environmental and Social Costs on Performance of Nigerian Manufacturing Companies

Agbiogwu¹,

Ihendinihu²,

Okafor³

2016

IJEF

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This study examines the impact of environmental and social costs on performance of Nigerian manufacturing companies. With the use of secondary data, sourced from ten (10) randomly selected firms' annual report and financial summary 2014. The study makes use of t-test of Spss version 20 for the analysis of collected data. Finding from the analysis shows that the sample companies environmental and social cost significantly affect Net profit margin, Earnings per share and Return on capital employed of manufacturing companies. The researchers recommended that government should ensure complete adherence of environmental laws by manufacturing companies in Nigeria.

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Corporate Environmental Disclosures in the Nigerian Manufacturing Industry: A Study of Selected Firms

Cited by 23 publications

References 12 publications

Corporate social responsibility reporting of international oil companies in Nigeria

Corporate social responsibility reporting of international oil companies in Nigeria

Corporate Social Sustainability Reporting and Financial Performance of Oil and Gas Industry in Nigeria

Impact of Environmental and Social Costs on Performance of Nigerian Manufacturing Companies

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