Assessment of Sustainability Reporting in Nigerian Industrial Goods Sector
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Sustainability reporting has gained recognition as
an improvement to traditional reporting. Whereas there is
mandatory requirement for sustainability reporting in some
countries, it is implemented in some other countries as a
voluntary practice. This study examined the extent of
sustainability reporting practiced by Lafarge Africa Plc. Content
analysis was used to analyze the data extracted from their annual
reports and the Global Reporting Initiative (GRI) G4
sustainability reporting guideline was used as a basis of
assessment. The study found no disclosures on human rights
issues, 3% environmental disclosures and an aggregate of 30%
disclosure based on one hundred and sixty-nine indicators used.
Consequently, this study recommends the regulation of
sustainability reporting in Nigeria so as to enforce compliance on
corporate entities because this will improve sustainability
reporting among corporate entities in the nation and thus bring
about more transparency and accountability which will enhance
development in the nation.
Keywords
HF5601 Accounting