SUSTAINABILITY ACCOUNTING REPORTING AND THE FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA

Abstract

This study examined the effect of sustainability accounting reporting on the financial performance of listed consumer goods companies in Nigeria. The purposive sampling technique was employed to select 15 firms from a population of 21 consumer goods companies listed on the Nigerian Exchange Group (NGX) as at 2023. Secondary data extracted from the annual reports and sustainability disclosures of the selected firms over a ten-year period (2014–2023) were anlaysed using the panel regression analysis, correlation matrix, and descriptive statistics. The findings revealed a significant positive relationship between sustainability accounting financial performance, indicating that firms with higher levels of sustainability disclosure enjoy enhanced performance outcomes. As a result, it was concluded that integrating sustainability accounting practices firm profitability and stakeholder trust. The study therefore recommends that companies should establish sustainability accounting frameworks to guarantee accountability, transparency, and long-term value creation; and regulators should support or require sustainability disclosure requirements for publicly traded companies.