DETERMINANTS OF ENVIRONMENTAL SUSTAINABILITY DISCLOSURE

This study examined the determinants of environmental sustainability disclosure. The broad objective of the study was to examine whether board size, board gender diversity and ownership concentration determine environmental disclosure of listed oil and gas firms in Nigeria. Data were collected from published accounts of studied firms using the purposive sampling technique to select a sample size of eight (8) oil and gas firms for the study. The log-linear regression analysis was used to analyze the data obtained. Findings revealed that board gender diversity and ownership concentration have significant effect on environmental disclosure of listed oil and gas firms in Nigeria. The study concludes that concern of environmental disclosure in the financial statements of firms is fundamental and imperative. It is indispensable that the activities of the firm in the environment in which they operate in terms of finance are well documented and accounted for the users of the report to evaluate. The study recommends that size of the board should be regulated to portray the intentions of the firm to further pursue environmental disclosure course and that female board members should be incorporated into the board to balance the compassionate rationale of the board