SUSTAINABILITY ACCOUNTING AND FIRM FINANCIAL PERFORMANCE

The research topic explores the relationship between sustainability accounting reportingandthefinancial performance of Nigerian companies. It emphasizes the importance of integratingeconomic,environmental, and social disclosures into business practices. The study aims to answer specificresearchquestions, including the impact of economic and environmental disclosures on financial performanceand the barriers faced by Nigerian firms in implementing sustainability accounting reportingpractices. The study found that economic and environmental disclosures have a positive and significant associationwith financial performance, as measured by Return on Equity (ROE). It also identifiedthat theSustainability Reporting Index, which quantifies hindrances to sustainability accounting reporting, ispositively and significantly related to financial performance. In conclusion, the study suggests that companies should integrate sustainability into their businessstrategies, invest in environmental and social responsibility, maintain high-quality disclosure, andactively engage with stakeholders to enhance financial performance while promoting sustainability.These recommendations can help businesses navigate the evolving landscape of sustainabilityreportingand contribute to their long-term success.