Global Journal of Research in Management and Social Sciences
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Vol. 11 No. 2 (2026): April - June
Articles

Effect of Corporate Sustainability Reporting on Financial Performance of Quoted Deposit Money Banks in Nigeria

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  • Audu, Friday Ph.D.,
  • Ogaji, Friday Ateko,
  • Adeleye, Tope James
Audu, Friday Ph.D. Department of Accounting, Prince Abubakar Audu University Anyigba, Nigeria

Published 2026-04-30

Keywords

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Abstract

Corporate sustainability reporting (CSR) has become an essential tool for conveying a company's commitment to economic, social, and environmental obligations in light of the growing worldwide concern for sustainable development. Therefore, the study looked at how corporate sustainability reporting affected the financial performance of Nigerian quoted deposit money banks. The study used an ex-post facto research methodology, and the population consisted of all thirteen (13) deposit money institutions that were listed on the Nigerian Exchange Group as of December 31, 2023. The sample size was determined using the census sampling technique. The study's secondary data came from the annual reports of Nigeria's deposit money institutions between 2013 and 2024. The Economic, Social, and Environmental (EES) Index, which was modified from the ESE Disclosure Index, was used to collect data using content analysis. The study revealed that the return on asset of quoted deposit money banks in Nigeria is negatively impacted by both environmental and economic disclosure (ECD). However, social disclosure has a significant positive impact on quoted deposit money banks return on assets in Nigeria. Regulatory organizations including the Financial Reporting Council of Nigeria (FRCN), the Nigerian Exchange Group (NGX), and the Central Bank of Nigeria (CBN) ought to tighten regulations and enforce adherence to sustainability reporting standards. Consistency, comparability, and transparency will be ensured by making such disclosures mandatory, with precise measurements and standard frameworks like the Sustainability Accounting Standards Board (SASB) or the Global Reporting Initiative (GRI). Economic, social, and environmental (ESE) factors should be incorporated into banks' long-term strategy planning and fundamental business operations. Financial performance, stakeholder confidence, and brand reputation can all be improved by this integration.

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