Sustainability Reporting and Quality of Corporate Disclosure in the Nigerian Banking Sector Sustainability Reporting, Corporate Disclosure and Nigerian Banking Sector Section Articles

Abstract

This study examined the effect of sustainability reporting on quality of corporate disclosure in the Nigerian Banking Sector: a study of Wema Bank and Access Bank Ijebu-Ode Branch. The objective of the study is to examine the impact of sustainability reporting on the quality of corporate disclosure in the Nigerian banking sector; to examine the extent to which sustainability reporting has improved corporate disclosure qualities in terms of transparency, materiality, objectivity, understandability and comparability in the Nigerian banking sector. The study was conducted among 203 respondents but 164 responded. Questionnaires were used to collect data from the respondents who were staff of Wema Bank and Access Bank Ijebu-Ode Branch. SPSS version 29 was also used to calculate the weighted mean score of the ordinal variable (Likert scale) to justify the response based on the weight of each respondent. Among the major findings of the work was that implementation of sustainability reporting has improved corporate disclosure in terms of materiality of items in the Nigerian Banking Sector. Information gathered from the findings reveals that corporate annual report has the capacity to disclose the economic value generated and distributed by the company. The research therefore recommended that regulatory authorities should put more measures in place to ensure continued compliance from the people saddled with the responsibility to prepare bank’s financial statement.