IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON CLIMATE CHANGE RISK MANAGEMENT OF LISTED MANUFACTURING FIRMS IN NIGERIA
Buhari Abubakar ,Ibrahim Ahmad Kassim ,Sa’adatu Balarabe Adam and Mahmud Nura Ringim
Volume 4 Issue 1
Abstract
The study investigates the impact of corporate social responsibility (CSR) on climate change risk management (CCRM) of listed manufacturing firms in Nigeria. Employing an ex-post facto research design, the study focused on a sample comprising thirty-four (34) manufacturing firms listed on the Nigerian Exchange Group (NGX), which was selected using a three-filtering criteria approach from a pool of sixty-four (64) listed manufacturing firms. Secondary sources served as the primary data reservoir for the study. The collected data underwent analysis employing both descriptive and inferential statistical techniques spanning the years 2018 to 2022. The regression analysis underscores the need for businesses to strategically balance corporate social responsibility (CSR) initiatives with climate change risk management (CCRM) efforts. The study recommends strategic alignment of CSR and CCRM initiatives, prioritizing investment in climate resilience, and advocating for supportive policies that incentivize sustainable practices. Keywords: Climate Change, Risk Management, CSR, Capital Expenditure, Revenue, Firm Size, Firm Age.
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