ENVIRONMENTAL DISCLOSURE AND PERFORMANCE OF NON-FINANCIAL COMPANIES IN NIGERIA: THE MODERATING EFFECT OF BOARD SUSTAINABILITY COMMITTEE

Abstract

The study examined the moderating effect of board sustainability committee on the relationship between environmental disclosure and performance of non-financial companies listed on the Nigerian exchange Group. The explanatory variable used was environmental disclosure. The moderating and control variables were board sustainability committee and firm size respectively. The dependent variable was firm performance proxied by return on assets, return on equity and Tobin’s Q.  Data were obtained from a sample of thirty (30) non-financial firms out of a population of 72 non-financial firms listed on the Nigeria Exchange Group as at December, 2024. The multiple regression method of data analysis was employed to analyze the data for the period 2015- 2024. It was found that environmental disclosure had significant effect on all the performance proxies. It was further found that the moderating effect of board sustainability committee with environmental disclosure had significant effect on all the proxies of performance. The study concluded that the moderating effect of board sustainability disclosure with environmental disclosure had significant effect on the performance of non-financial companies listed on the Nigerian Exchange Group. It was therefore, recommended that non-financial companies in Nigeria should continue to disclose environmental issues in the manner that has affected positive performance.