SUSTAINABILITY DISCLOSURE PATTERNS OF NIGERIAN LISTED COMPANIES: A CONTENT ANALYSIS APPROACH
Ahmed Akeem Abubakar and Adamu Garba Zango
Volume 14 Issue 1
Abstract
The sustainable development goals (SDG’s) introduced by the United Nations has in recent times expanded the responsibilities of firms beyond profit-making and environmental, social and corporate responsibility into a new sphere of impacts on the environment to better assess the value of companies, their social relationship with its stakeholders and their civic responsibilities with the government. Environmental, Social and Corporate (ESG) reporting has become an integral part of company’s assessment driver for progress and impact. This study surveys the present legal framework in Nigeria for the fusion of ESG principles by listed companies into their activities and the increasing effort by the government and regulatory authorities for compliance with ESG reporting and practice by these companies. The study concluded that the incorporation of ESG principles in the business activities of listed companies and the need for transparent ESG reporting is pivotal to the stability and growth of the company’s businesses and the Nigerian economy. The article finally recommended that a mandatory ESG standard reporting framework for listed companies should be established by sector for better evaluation. Keywords: ESG Practices, ESG Reporting, Listed Companies, SEC, Nigeria
Download Paper