SUSTANABILITY REPORTING AND FIRM PERFORMANCE

ABSTRACT

This study provides evidence on the sustainability development index and firm performance of listed DMBs in Nigeria using panel data from 2016 to 2020. Ordinary Least Squares (OLS) was adopted in this study to discover the relationships among

economic disclosures, social disclosures and environmental disclosures on firm performance among listed DMBs in Nigeria. From the study, the findings revealed that economic disclosures and environmental disclosures have a positive relationship with firm performance in Nigeria while social disclosure was found to be negatively related to firm performance in Nigeria. Similarly, the findings also revealed that social disclosure and environmental disclosures were found to be significantly related to firm performance in Nigeria. Based on the finding, the study therefore, concludes that firms in Nigeria adopt and disclose environmental friendly policies  since it portray their commitment towards achieving the goal of sustainable development .Corporate governance mechanisms of firms should be disclosed in the annual report since it affect show investors evaluate the firm’s capability to create profits in future. Since robust sustainability disclosures lift a firm above their competitors, companies should foster greater sustainability and long term value creation by integrating sustainability metrics into their business model and strategy.