Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance
In recent years, sustainable banking principles have been employed in the daily operations of deposit money banks in Nigeria. This study examines the relationship between environmental sustainability and the financial performance of 14 deposit money banks listed on the Nigerian Exchange Group. I...
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| Format: | Article |
| Language: | English |
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EconJournals
2024-03-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://www.econjournals.com/index.php/ijeep/article/view/15488 |
| _version_ | 1827317259773673472 |
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| author | Yinka Lydia Emmanuel Mishelle Doorasamy Jerry D. Kwarbai Peace Kolawole Adegbola Olubukola Otekunrin Uche Abamba Osakede |
| author_facet | Yinka Lydia Emmanuel Mishelle Doorasamy Jerry D. Kwarbai Peace Kolawole Adegbola Olubukola Otekunrin Uche Abamba Osakede |
| author_sort | Yinka Lydia Emmanuel |
| collection | DOAJ |
| description |
In recent years, sustainable banking principles have been employed in the daily operations of deposit money banks in Nigeria. This study examines the relationship between environmental sustainability and the financial performance of 14 deposit money banks listed on the Nigerian Exchange Group. It focuses on the impact of environmental disclosure of renewable energy, carbon emissions, waste management, and water consumption (i.e. proxies for environment sustainability) on the bank’s return on assets (ROA i.e. proxy for financial performance). The research spans an 8-year period from 2013 to 2021, using panel data and multiple regression analysis to analyze the data. The data is collected from the annual reports of the deposit money banks listed on the Nigerian Exchange Group. The research design is ex-post facto, utilizing secondary data collection methods. The findings suggest that there is a positive but insignificant association between environmental sustainability indicators (renewable energy, carbon emissions, waste management, and water consumption) and financial performance (ROA). In conclusion, the study finds no significant relationship between and financial performance (ROA).
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| first_indexed | 2024-04-24T23:30:34Z |
| format | Article |
| id | doaj.art-a83c33fbdf414e65adfa2b8d1cd0fb2c |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-24T23:30:34Z |
| publishDate | 2024-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-a83c33fbdf414e65adfa2b8d1cd0fb2c2024-03-15T14:45:44ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532024-03-0114210.32479/ijeep.15488Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial PerformanceYinka Lydia Emmanuel0Mishelle Doorasamy1Jerry D. Kwarbai2Peace Kolawole3Adegbola Olubukola Otekunrin4Uche Abamba Osakede5Department of Accounting and Finance, Bowen, University, NigeriaSchool of Accounting, Economics and Finance, University of KwaZulu- Natal, Durban, South AfricaDepartment of Accounting, Babcock University, NigeriaDepartment of Accounting and Finance, Bowen, University, NigeriaDepartment of Accounting and Finance, Bowen, University, NigeriaDepartment of Accounting and Finance, Bowen, University, Nigeria In recent years, sustainable banking principles have been employed in the daily operations of deposit money banks in Nigeria. This study examines the relationship between environmental sustainability and the financial performance of 14 deposit money banks listed on the Nigerian Exchange Group. It focuses on the impact of environmental disclosure of renewable energy, carbon emissions, waste management, and water consumption (i.e. proxies for environment sustainability) on the bank’s return on assets (ROA i.e. proxy for financial performance). The research spans an 8-year period from 2013 to 2021, using panel data and multiple regression analysis to analyze the data. The data is collected from the annual reports of the deposit money banks listed on the Nigerian Exchange Group. The research design is ex-post facto, utilizing secondary data collection methods. The findings suggest that there is a positive but insignificant association between environmental sustainability indicators (renewable energy, carbon emissions, waste management, and water consumption) and financial performance (ROA). In conclusion, the study finds no significant relationship between and financial performance (ROA). https://www.econjournals.com/index.php/ijeep/article/view/15488Carbon Emission Disclosure, Financial Performance, Sustainable Banking |
| spellingShingle | Yinka Lydia Emmanuel Mishelle Doorasamy Jerry D. Kwarbai Peace Kolawole Adegbola Olubukola Otekunrin Uche Abamba Osakede Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance International Journal of Energy Economics and Policy Carbon Emission Disclosure, Financial Performance, Sustainable Banking |
| title | Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance |
| title_full | Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance |
| title_fullStr | Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance |
| title_full_unstemmed | Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance |
| title_short | Relationship of Environmental Disclosure of Renewable Energy, Carbon Emissions, Waste Management, Water Consumption, and Banks’ Financial Performance |
| title_sort | relationship of environmental disclosure of renewable energy carbon emissions waste management water consumption and banks financial performance |
| topic | Carbon Emission Disclosure, Financial Performance, Sustainable Banking |
| url | https://www.econjournals.com/index.php/ijeep/article/view/15488 |
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