Home » Accounting » THE EXTENT OF ENVIRONMENTAL DISCLOSURES IN LISTED OIL AND GAS COMPANIES IN NIGER...
THE EXTENT OF ENVIRONMENTAL DISCLOSURES IN LISTED OIL AND GAS COMPANIES IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 55 pages | 1-5 chapters | Amount: ₦5,000 | 1 order. | Marked useful: 3,928 times
INSTANT PROJECT MATERIAL DOWNLOADABSTRACT
There is an increased awareness of the impact of organizational activities on the environment. Companies are facing pressures to demonstrate responsibility towards the environment; in responding to these pressures companies make disclosures on environmental impact of their activities. This studyaimed at using a disclosure index tailored to assess what is disclosed, the form in which it is disclosed, where it is disclosed in the annual report and whether the disclosure is seen as voluntary or compulsory information. The study is unique as it assesses environmental disclosures in the oil and gas industry in Nigeria using annual reports alone as it is the chief information document of any company that can be used to communicate to it stakeholders. The findings from the study points to the fact that Oil and Gas companies operating in Nigeria pays little or no attention to the disclosure of information relating to the environmental impact of their operations in their annual reports. The information reported are mostly general in nature usually relating to the companies stands on health, safety and environment which are not useful to stakeholders. The study recommends among others that the stock market regulator should state as part of listing requirement, the disclosure in annual reports of environmental information relating to a company’s operation. As the whole world is going green, enlightened investors feel morally bound to only invest in companies with green initiatives.
Introduction
Climate change is the key factor influencing environmental disclosure by companies. The effect of economic activities has implication on the environment; companies especially in the oil and gas industry are prone to activities impacting negatively on the environment. An increased awareness of the impact of organizational activities on the environment and the understanding that organizational success does not only rest on profitability contributed to the demand for environmental disclosures by users of financial reports.
In order to bridge the gap between the needs of users of financial information arising from this new challenge and the present states of financial reporting, the accounting profession started
persuading companies to link environmental practice with good business practice (Carey, 1992). The Institute of Chartered Accountants in England and Wales (ICAEW) champion this course which became paramount in the 1990s with their collaboration with the business community aimed at encouraging the disclosure of environmental information.
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE IMPACT OF FINANCIAL LITERACY ON THE PERFORMANCE OF SMALL SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Small scale enterprises' (SSEs) contribution to the national economy should not be undervalued...More »
Item Type: Project Material | 54 pages | 1,370 engagements |
- 2.
THE EFFECT OF GOOD RECORD MANAGEMENT IN ORGANIZATIONAL PERFORMANCE IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Since time immemorial, information has been considered an essential resource for all types of orga...More »
Item Type: Project Material | 54 pages | 637 engagements |
- 3.
A STUDY ON THE IMPLICATIONS OF ETHICS IN FINANCIAL REPORTING ON MONEY DEPOSIT BANKS IN LAGOS
CHAPTER ONE INTRODUCTION 1.1 Background of the Study The idea that an entity's financial statements are subject to a set of rules dictated by estab...More »
Item Type: Project Material | 54 pages | 746 engagements |
- 4.
AN APPRAISAL OF GLOBAL HEALTH INITIATIVE IN RESPONSE TO PREVENTION TO PANDEMIC DISEASE IN NORTH WEST...
CHAPTER ONE INTRODUCTION Background of the study The Global Health Initiative (GHI) aims to enhance the effectiveness and influence of all U.S. for...More »
Item Type: Assignment | 54 pages | 1,036 engagements |
- 5.
THE ROLE OF FINANCIAL ANALYSIS IN MANAGEMENT CONTROL
THE ROLE OF FINANCIAL ANALYSIS IN MANAGEMENT CONTROL CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial analysis is the process of revi...More »
Item Type: Project Material | 60 pages | 0 engagements |
- 6.
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS)
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS) CHAPTER ONE 1.0 INTRODUCTION In the 60’s especially before the civil wa...More »
Item Type: Project Material | 53 pages | 2,571 engagements |