“…The studies were reviewed in line with the title, scope, methodology and results from whence the research gap is identified. The review of the empirical studies indicates that the results of most of these researches are either inconclusive or contradictory with some reporting positive relationships (see Amacha & Dastane, [54]; Dembo, [9]; Nnamani et al, [2]; Owolabi et al, [10]; Kwaghfan, [6]; Ekwueme et al [11]; Okoye and Ezejiofor, [12]; Albatayneh, [35]; Eccles et al, [45]; Ameer & Othman, [56], others show negative and or no significant impact of sustainability reporting on financial performance (see Ezejiofor et al, [14]; Nwobu, [15]; Karlsson,[18]; Brian, [66]; Kasum et al, [16]; Lourenco et al, [1]). The evidences from these previous studies show that the relationship between corporate sustainability and firm performance have been grounded on empirical and theoretical arguments ranging from those that opine that sustainability practice reduces organizational profits, and those that suggest that it could be deployed for competitive advantage.…”