Assessment of Sustainability Reporting in Nigerian Industrial Goods Sector

Abstract

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.