Moderating Role of Sustainability Disclosure Standards in Governance Structure and Green Disclosure of Listed Manufacturing Companies in Nigeria.

Abstract

This study is to determine the moderating role of International financial Reporting Standards sustainability disclosure standards adoption in the
relationship between governance structure and green accounting cost of listed manufacturing companies in Nigeria. Correlational research design was adopted and content analysis was used to extract green accounting information disclosure in the annual reports of the sampled firms. 6 listed
manufacturing companies were randomly selected based on their commitment to the sustainability standards adoption roadmap. Descriptive statistics and regressions were done to determine the relationship between governance structure and green accounting disclosures; and the moderating role of IFRS sustainability disclosure standards adoption. Correlation analysis was done to determine the extent of the relationship between the variables. It was discovered that the number of female directors on the board of directors have significant effects on green accounting information disclosure of listed manufacturing companies in Nigeria for the study period. IFRS Sustainability disclosure standards adoption have positive and significant moderating effect on governance structure’s ability to disclose green accounting information in Nigeria
The study therefore recommends that manufacturing companies should key into the IFRS Sustainability disclosure adoption readiness working group set up by the Financial Reporting Council (FRC) of Nigeria to take advantage of the transitional reliefs allowed in the transition roadmap.