Effect of Green Firm Attributes on Environmental Disclosure Sustainability in Nigeria

The study investigated the effect of green firm attributes on environmental disclosure sustainability in Nigeria, with particular emphasis on profitability and financial leverage. An ex-post facto research design was adopted, and secondary data were sourced from the annual reports and accounts of manufacturing firms operating in Nigeria. Panel data techniques were employed, and the analysis was conducted using EViews 10 to ensure robust and reliable estimates. The findings indicate that profitability has a statistically significant effect on environmental disclosure sustainability, suggesting that financially stronger firms are more inclined to engage in consistent and transparent environmental reporting. In contrast, financial leverage exhibits a positive but statistically insignificant effect on environmental disclosure sustainability, implying that reliance on debt financing does not necessarily translate into improved environmental disclosure practices. The study concludes that green firm attributes influence environmental disclosure sustainability in a selective manner, with profitability emerging as the key determinant. It is therefore recommended that firms integrate sustainability considerations into their core business strategies, leveraging financial performance to enhance environmental accountability and long-term sustainability practices.