IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH (IJBFR )

E-ISSN 2695-1886
P-ISSN 2672-4979
VOL. 10 NO. 7 2024
DOI: 10.56201/ijbfr.v10.no7.2024.pg75.92


Sustainability Reporting and Firms Performance in Delta State Banking Sector

ABARIKA Christian, OBOREH Christian


Abstract


This study investigates the effectiveness of sustainability reporting on firm performance in the banking sector in Delta State. The objectives were to evaluate the adoption levels of sustainability reporting, assess its impact on financial performance, and examine its influence on stakeholder perceptions and behaviors. A mixed-methods research design was employed, involving surveys and interviews with senior management and stakeholders from 50 banking institutions. Quantitative data were analyzed using descriptive statistics, regression analysis, and Pearson correlation, while qualitative data were examined through thematic analysis. The findings revealed that 40% of banks have fully adopted sustainability reporting, which positively impacts financial performance (? = 0.35, p = 0.005) and enhances stakeholder perceptions (r = 0.65, p < 0.001) and behaviors (r = 0.60, p < 0.001). Recommendations include enhanced training for better implementation, regulatory incentives to encourage adoption, and continuous improvement of reporting practices. These steps aim to promote broader adoption of sustainability reporting, thereby improving financial outcomes and stakeholder relations.



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