Author(s): OLADELE, R., ARIBABA, F. O., AFOLABI, Y. A., ADELE, H. A., AHMODU, O. A., BABATUNDE, A. D., TUOYO, C. A
The study explores the effects of triple bottom line reporting on corporate performance of listed manufacturing firms in Nigeria. The study employed an ex-post-facto research design with the population of sixty-four (64) quoted manufacturing firms on the Nigeria Stock Exchange as of 2019. Ten (10) manufacturing firms were selected. Five (5) years data were obtained from the annual reports of selected manufacturing firms between the year 2015 - 2019. The ordinary linear regression analysis was used to examine how the triple bottom line reporting variables influence the corporate performance. The study shows the significant level of the independent variables on corporate performance as follows: Environmental Reporting (p=0.036<0.05); Board Composition (p=0.958>0.05); Employees Relation (p=0.048<0.05); and Community Relations (p=0.262>0.05). The implication of these findings imply that environmental reporting and employees relation do not have a significant impact on corporate performance, whereas board composition and community relations have a significant effect on the corporate performance of the selected manufacturing firms in Nigeria. The study recommends that Nigerian manufacturing firms should invest reasonably on the triple bottom lines rather than concentration on “Profit” alone. Besides, the Nigerian Financial Reporting Council (FRCN) and other stakeholders should also ensure that sustainability reporting is mandatory and that effective penalties should be implemented for non-compliance.