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ISSN:2325-6192 (print)
ISSN:2325-6206 (online)
Journal of Environmental Accounting and Management
António Mendes Lopes (editor), Jiazhong Zhang(editor)
António Mendes Lopes (editor)

University of Porto, Portugal

Email: aml@fe.up.pt

Jiazhong Zhang (editor)

School of Energy and Power Engineering, Xi'an Jiaotong University, Xi'an, Shaanxi Province 710049, China

Fax: +86 29 82668723 Email: jzzhang@mail.xjtu.edu.cn

Corporate Board Attributes, Institutional Strength and Energy Disclosure Practices for Controlling Greenhouse Gas Emissions in Nigeria

Journal of Environmental Accounting and Management 12(2) (2024) 201--219 | DOI:10.5890/JEAM.2024.06.007

R. S. Jibril, M. A. Isa$^{2}$, K. T. Hamid$^{2}$, Z. S. Maigoshi$^{2}$

$^1$ Department of Accountancy, Kano State Polytechnic, Kano, Nigeria

$^2$ Department of Accounting, Bayero University, Kano, Nigeria

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Abstract

This study examines how board attributes influence quality and quantity disclosure of energy consumed by the listed non-financial firms for the period of 5 years (2016 -- 2020). The study aims at providing empirical evidence on how institutional strength influences the relationship between board attributes and firms' energy in reducing emission discharges and achieving sustainable development goals on world climate policy. The study obtained data from a sample of 78 listed non-financial firms, content analysis technique was employed to compute energy disclosure indexes using Global Reporting Initiatives standards. The study runs a generalized method of movement (GMM) to regulate the impending endogeneity of the selected listed companies in Nigeria. The study also conducted several to robust the findings. The overall results found that board independence has a significant but negative relationship with energy disclosure. Conversely, board ownership and institutional strength have a positive and significant relationship with the energy disclosure. The study documents a significant positive relationship between board independence moderated by institutional strength and energy disclosure. This indicates that institutional strength strengthens the relationship between board independence and energy disclosure. Thus, the United Nation should work hand in hand with governance regulator to poster board independence which will help in embracing the Global Reporting Initiatives standards as the most widely used Environmental, Social and Governance globally. This will expose the peculiarities of most developing nations like Nigeria in adopting the standards and way forwards to attain Sustainable Development Goals 13.

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