Anmerkungen:
In: International Journal of Research and Analytical Reviews (IJRAR), January 2023, Volume 10, Issue 1
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 23, 2023 erstellt
Beschreibung:
Various studies have already established the place of Triple Bottom Line (TBL) reporting in fostering better social, environmental, and financial organizational performance; and in meeting the information needs of myriad stakeholder.. But the greater number of these studies have dwelled majorly on the so-called ‘environmentally sensitive sectors’; giving lesser emphasis on sectors like the financial service sectors. However, this research submits that every company, or sector of any economy, should be expected of similar environmental sensitivity; should align with GRI’s position - of companies/sectors being responsible for their social, environmental, and financial impacts, and thus make appropriate disclosures. This is why the main objective of the study is to assess the level of TBL reporting coverage in the banking sector of Nigeria. The top 10 largest banks (by assets) in Nigeria were used as sample cases. Content Analysis was the main methodology utilized, where the content of sampled banks’ Annual Reports, and/or Sustainability Reports, were critically examined and scaled against the 33 different GRI disclosure indicators. The study found among others, an above average level of TBL reporting coverage by 70% of the sampled banks; that the extent of TBL reporting coverage is not always, and entirely, dependent on the size of ‘multinational’ companies; and that there are little or no disclosure(s) on some of the GRI indicators (Freedom of Association & Collective Bargain (FACB), Child Labour (CL), Forced or Compulsory Labour (FCL), Security Practices (SP), Right of Indigenous People (RIP), Water & Effluent (WE), Anti-Competitive Behaviour (ACB), and Procurement Practices (PP). The study however, recommends that disclosures should be extended to the aforementioned indicators to increase coverage and quality of reporting. It also recommends that the independent audit of banks’ Annual Reports and Accounts should be extended to their Sustainability Reports as well, to assure of the veracity of disclosures in-there before publication and consumption by stakeholders