IIARD International Institute of Academic Research and Development

JOURNAL OF ACCOUNTING AND FINANCIAL MANAGEENT (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 6 2025
DOI: 10.56201/jafm.vol.11.no6.2025.pg63.71

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Environmental, Social and Governance Disclosures and Financial Performance of Listed Industrial Goods Companies in Nigeria

APETE, Collins

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Abstract

This study assessed the influence of environmental, social and governance disclosures on the level of financial performance of listed industrial goods companies in Nigeria. Ex-post facto research design was employed and a sample of ten (10) listed industrial goods companies was sampled. Environmental social and governance disclosures were used as the independent variables and net profit after tax margin was the dependent variable. Data were sourced from the yearly audited and published financial statements of the sampled companies from 2012- 2023. Data obtained were analyzed via descriptive, diagnostic and inferential statistical tools. The panel regression results showed that disclosures on environmental, social and governance have statistically significant influence on financial performance of the listed industrial goods companies in Nigeria. Based on the findings, the study recommends that government should improve environmental, social and governance performance evaluation system in the country. Also, there is the need for listed companies to compulsorily and comprehensively disclose environmental and social information in yearly audited and published financial statement; by so doing, financial performance would improve.

keywords:

Corporate governance; Governance disclosure; Social disclosure; Environmental

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