THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES
Global reporting initiatives (GRI) guidelines has received wide spread acceptance across the globe in the area of sustainability reporting. Several studies conducted in developed countries proved the effectiveness of the GRI index. In order to enjoy the benefits attributable to sustainability repor...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2020-04-01
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| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/21 |
| _version_ | 1811241618060083200 |
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| author | Tijjani Habibu Ahmad Nura Badamasi |
| author_facet | Tijjani Habibu Ahmad Nura Badamasi |
| author_sort | Tijjani Habibu Ahmad |
| collection | DOAJ |
| description |
Global reporting initiatives (GRI) guidelines has received wide spread acceptance across the globe
in the area of sustainability reporting. Several studies conducted in developed countries proved the
effectiveness of the GRI index. In order to enjoy the benefits attributable to sustainability reporting,
many developing nations claim compliance with the GRI index. However, the extent of compliance
with the index remain sketchy. The objective of this research is to discuss this challenge by
measuring the extent of sustainability disclosure in the Nigerian oil and gas companies using the
Global Reporting Initiatives (GRI) framework as yardstick. The study used secondary data collected
from the annual report and accounts of eight (8) selected oil and gas companies listed on Nigerian
Stock Exchange (NSE). Weighted disclosure index was used to measure the level of compliance with
sustainability disclosure among these companies. T-test was used to find the means difference of the
selected companies using company characteristics. The findings reveal that there is significance
level of compliance with sustainability disclosure requirement by the companies. It also reveals
yearly improvement in the means compliance across the study period. In addition, companies
complied more with the requirement under strategy and analyses than other categories of the
disclosure requirement. It also shows that big companies complied more with the disclosure
requirement than small companies. However, profitability and audit quality of the companies have
no significance difference in influencing level of disclosure. The study further suggests for future
research the assessment of value relevance of this level of compliance. : Sustainability Disclosure
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| first_indexed | 2024-04-12T13:38:49Z |
| format | Article |
| id | doaj.art-f84d9057630a470c97ac93597c4965a6 |
| institution | Directory Open Access Journal |
| issn | 2756-665X |
| language | English |
| last_indexed | 2024-04-12T13:38:49Z |
| publishDate | 2020-04-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj.art-f84d9057630a470c97ac93597c4965a62022-12-22T03:30:54ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2020-04-0111THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIESTijjani Habibu Ahmad0Nura Badamasi1Hussaini Adamu Federal Polytechnic Kazaure, Jigawa StateHussaini Adamu Federal Polytechnic Kazaure, Jigawa State – Nigeria Global reporting initiatives (GRI) guidelines has received wide spread acceptance across the globe in the area of sustainability reporting. Several studies conducted in developed countries proved the effectiveness of the GRI index. In order to enjoy the benefits attributable to sustainability reporting, many developing nations claim compliance with the GRI index. However, the extent of compliance with the index remain sketchy. The objective of this research is to discuss this challenge by measuring the extent of sustainability disclosure in the Nigerian oil and gas companies using the Global Reporting Initiatives (GRI) framework as yardstick. The study used secondary data collected from the annual report and accounts of eight (8) selected oil and gas companies listed on Nigerian Stock Exchange (NSE). Weighted disclosure index was used to measure the level of compliance with sustainability disclosure among these companies. T-test was used to find the means difference of the selected companies using company characteristics. The findings reveal that there is significance level of compliance with sustainability disclosure requirement by the companies. It also reveals yearly improvement in the means compliance across the study period. In addition, companies complied more with the requirement under strategy and analyses than other categories of the disclosure requirement. It also shows that big companies complied more with the disclosure requirement than small companies. However, profitability and audit quality of the companies have no significance difference in influencing level of disclosure. The study further suggests for future research the assessment of value relevance of this level of compliance. : Sustainability Disclosure https://journals.gujaf.com.ng/index.php/gujaf/article/view/21: Sustainability DisclosureGRIDisclosure Index, Oil & Gas |
| spellingShingle | Tijjani Habibu Ahmad Nura Badamasi THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES Gusau Journal of Accounting and Finance : Sustainability Disclosure GRI Disclosure Index , Oil & Gas |
| title | THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES |
| title_full | THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES |
| title_fullStr | THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES |
| title_full_unstemmed | THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES |
| title_short | THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES |
| title_sort | extent of sustainability disclosure evidence from listed nigerian oil and gas companies |
| topic | : Sustainability Disclosure GRI Disclosure Index , Oil & Gas |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/21 |
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