Abstract
This paper aims to explore the impact of gender diversity on firms’ sustainability responsiveness in ensuring collective drive toward achieving sustainable development goals (agenda) for Nigeria. This study explored female engagement from three major platforms, namely women as directors, management team leaders, and female workforce. The data used to conduct this study were derived from the annual reports of the sampled banks spanning through the period of 2013–2016. However, while data for this study were analyzed using EViews statistical tool, the sustainability reporting data were ascertained using the content analysis method. The outcome of this study depicts that female directors, female workforce, and women in the management team all had an adverse and positive association with sustainability reporting. However, this association was all insignificant. This further buttresses that gender diversity was not the major driving force behind the sustainability reporting of the sampled banks in Nigeria. This is because the sector is highly regulated. Hence, the study recommends that notwithstanding the outcome, in attaining the sustainable development goals (SDGs), there is a need to have more female representation on the strategic position of authority.
Highlights
The presence of women on the board and on the highest level of management has recently been a key topic of discussion in contemporary research around the world
Gender diversity is considered as the explainable variable in this study, which explores the various leadership and boardroom positions available in a company organization structure, which includes female directors (FDR) represented on the board, women represented in management team (WMT), the proportion of women on the workforce of the companies (WWF)
The paper explored deeply on female involvement in a company structure as a way of improving the quality of sustainable disclosure within banks, exploring women engagement across the various strategic positions
Summary
The presence of women on the board and on the highest level of management has recently been a key topic of discussion in contemporary research around the world. Despite a dearth in academic literature, few studies that have been carried out in this area of research on gender diversity and sustainability reporting observed mixed results (Bae & Skaggs, 2017; Sumedrea, 2016; Agyapong & Appiah, 2015; Ali, Metz, & Kulik, 2007). Women are more likely to Currently, the role of gender diversity in the firm’s maintain their relationship and feel responsible financial performance has remained an unre- for other needs and ensure that they act ethically solved issue It has received much empir- and avoid any form of violations of organizationical attention in the literature, with the avalanche al policy.
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