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Impact of Environment Accounting Measurement on Environmental Performance in Nigeria

Enejiyon, Owowa Sabdat

Abstract

This study examines the impact of accounting measurement on environmental performance in Nigeria, with a focus on how financial reporting practices influence corporate environmental responsibility and sustainability outcomes. In recent years, increasing global concern over environmental degradation has necessitated the integration of environmental considerations into accounting systems. Accounting measurement, particularly in the areas of environmental cost recognition, asset valuation, and liability disclosure, plays a critical role in shaping organizational behaviour towards environmental stewardship. The study adopts a quantitative research approach, utilizing secondary data obtained from the annual reports and sustainability disclosures of selected Nigerian firms across key sectors such as manufacturing, oil and gas, and telecommunications. Environmental performance is assessed using indicators such as waste management efficiency, carbon emission reduction, and compliance with environmental regulations. Statistical techniques, including regression analysis, are employed to determine the relationship between accounting measurement practices and environmental performance outcomes. Findings from the study reveal that effective accounting measurement significantly enhances environmental performance by promoting transparency, accountability, and informed decision-making. Firms that adopt comprehensive environmental accounting practices tend to demonstrate higher compliance with environmental regulations and improved sustainability performance. However, challenges such as lack of standardized reporting frameworks, limited regulatory enforcement, and inadequate professional expertise hinder the full realization of environmental accounting benefits in Nigeria. The study concludes that strengthening accounting measurement frameworks and aligning them with international best practices can significantly improve environmental performance in Nigeria. It recommends the development of standardized environmental accounting guidelines, increased regulatory oversight, and capacity building among accounting professionals. These measures will not only enhance corporate environmental responsibility but also contribute to sustainable economic development in Nigeria. Key Words: Impact, Environmental Accounting, Measurement, Performance, Scanning

Keywords

ImpactEnvironmental AccountingMeasurementPerformanceScanning

References

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