OGHIDE OMOYEMWEN FAVOUR

This study examined the impact of green accounting practices on the corporate sustainability and financial performance of listed consumer goods companies in Nigeria between 2019 and 2024. The study specifically investigated the influence of environmental disclosure, environmental expenditure, and green investment on firm value, measured by market price per share, while controlling for firm size. Secondary twenty-one listed consumer goods firms and analysed using descriptive statistics, correlation analysis, and panel regression models. The results revealed that environmental disclosure and environmental expenditure had positive but statistically insignificant effects on firm value, indicating that transparency and environmental spending have not yet translated into measurable financial gains within the Nigerian context. Conversely, green investment exhibited a positive and statistically significant relationship with firm value, suggesting that firms that invest in renewable energy, waste management, and energy-efficient technologies experience higher market valuations. Firm size also showed a significant positive influence on firm value, implying that larger firms are better equipped to adopt and benefit from sustainability practices. The study concludes that while environmental disclosure and expenditure are important for compliance and legitimacy, green investment remains the most effective driver of firm value and corporate sustainability. It recommends that firms should prioritise green investment initiatives, improve the quality of sustainability disclosures, and view environmental expenditure as a long-term strategicinvestment. Policymakers are urged to strengthen reporting frameworks and create incentives that promote transparent green accounting practices