SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED AGRICULTURE AND NATURAL RESOURCES FIRMS IN NIGERIA

Abstract

This study examines how sustainability reporting affects the financial performance of Nigerianlisted agriculture and natural resource companies. Using return on assets (ROA) as a proxy for corporate financial performance, the study's particular goals were to ascertain if reporting on economic and social sustainability had an effect on the financial performance of the sampled industries. The annual reports of nine (9) chosen firms were the source of the data from 2014 to 2023. Using the E-Views statistical program, the panel least squares regression approach was used to assess the data. The study found that the financial performance of the examined firms is negatively and insignificantly impacted by reporting on economic and social sustainability. The study concluded that sustainability reporting had no significant effect on the performance of Nigerian listed agriculture and natural resources firms. The research recommends that managers focus on measures that foster a rise in the attributes of economic and social sustainability.