Board Diversity and Sustainability Reporting Practices of Manufacturing Firms in Nigeria

The study examines the Board Diversity and Sustainability Reporting Practices of manufacturing Firms in Nigeria. The objective of this study as to investigate the impact of board diversity and sustainability reporting practices on manufacturing firms from 2014-2023. It was sourced from the Nigeria Exchange Group cutting across 2014 to 2023 through secondary data. This research delves into the effects of board diversity on sustainability reporting in Nigeria manufacturing firms, with a focus on board member nationality and educational qualifications. The study employs the Global Reporting Initiative (GRI) framework to measure sustainability reporting, and it analyzes data from the annual reports of manufacturing firm listed on the Nigeria Exchange Group between 2014 to 2023. The results demonstrate that board member nationality has a small but positive influence on sustainability reporting, as does the educational qualifications of board members. Additionally, the research finds a small but significant relationship between firm size and sustainability reporting. This study recommends that board members should have access to continual training and development opportunities to improve their comprehension of sustainability-related concerns and reporting requirements. Workshops, conferences and certification programs in corporate governance and sustainability reporting may be part of this.