Sustainable Social Disclosure and Performance of Listed Oil and Gas Firms in Nigeria

This study looked at the influence of sustainable social disclosures on performance of Nigerian publicly traded oil and gas firms from 2013 to 2022. An ex-post facto research design was adopted to carry out the investigation. We were able to select seven (7) out of ten (10) firms for the study by employing a purposive sampling technique. Performance was evaluated in terms of market value, and the independent variable was examined using particular Sustainable Social Performance indicators from the GRI (SO1, SO2, SO3, and SO4) that were produced using a score methodology created by other researchers. The research employed a secondary source to acquire information from the identified companies. In this study, OLS regression analysis, descriptive analysis, and Pearson correlation analysis were conducted using E-Views 2009. We observed that exposing social performance has a beneficial and significant effect on market value based on correlation and regression analysis. The results of this study reveal that listed oil and gas firms in Nigeria have a considerable market value impact from sustainable social performance. The report advocated, among other things, that the Sustainability Index be extensively deployed as a tool for pressing firms to prioritize sustainable development issues and pay greater attention to their social impact. Nigerian oil and gas enterprises that are publicly traded should focus reporting on sustainability activities as it has the potential to increase their performance.