Accounting for Environmental Sustainability and Corporate Social Responsibility
Student: Samuel Olusola OJO (Project, 2025)
Department of Accountancy
Federal Polytechnic, offa, Kwara State
Abstract
This study investigates the impact of environmental sustainability and corporate social responsibility (CSR) on the financial performance of quoted firms in Nigeria. The research specifically examines how Corporate Social Responsibility (CSR) expenditure, Environmental Maintenance Cost (EMC), and Personal Benefit Cost (PBC) influence Profit After Tax (PAT) as a measure of profitability. An exploratory research design was adopted, utilizing secondary data obtained from the annual reports of firms listed on the Nigerian Exchange Group (NXG). Multiple linear regression and Student’s t-test, analyzed through the Statistical Package for Social Sciences (SPSS), were employed to test the hypotheses at a 5% significance level. Findings revealed that CSR and EMC have no significant or negative impact on PAT, while PBC exerts a strong positive and significant influence. The study concludes that firms’ expenditures on social and environmental responsibilities are not directly proportional to financial performance. It recommends that organizations, government agencies, and NGOs strengthen their commitment to sustainability and transparency to achieve balanced economic and environmental outcomes.
Keywords
For the full publication, please contact the author directly at: samuojo2000@gmail.com
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Institutions
- University of Ilorin, Kwara State 402
- University of Jos, Jos, Plateau State 19
- University of Lagos 18
- University of Maiduguri ( - Elearning), Maiduguri, Borno State 3
- University of Maiduguri, Borno State 109
- University of Nigeria, Nsukka, Enugu State 269
- University of Port Harcourt Teaching Hospital, Port Harcourt , River State 5
- University of Port-Harcourt, Rivers State 174
- University of Uyo, Akwa Ibom State 207
- Usmanu Danfodio University, Sokoto, Sokoto State 245