Sustainable Development Reporting in Accordance with the Global Reporting Initiative guidelines: An investigation of Selected Nigerian Firms

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DOI: 10.21522/TIJMG.2015.06.02.Art008

Authors : Olanipekun, Wahid Damilola, Lawal, Azeez Tunbosun, Lasisi, Fatai Adebayo


The study investigated the extent to which firms have applied the global reporting initiative index in their sustainable reports. Data for this research was obtained from secondary sources purposefully from five Nigerian banks and five manufacturing firms that have consistently provided sections for sustainable reporting in their annual reports. Thus, the annual report and account of selected companies as well as their Sustainability reports were examined. The study adopted a qualitative method of data analysis. Content and thematic analyses were used to analyses the qualitative data with the aid of NVivo software. The findings revealed that sustainable development from the perspective of a triple bottom line (economic, social and environmental) is very appropriate and useful as all sampled firms provided information on the global reporting initiative index. Based on the findings, it can be concluded that organizations that want to succeed in the highly competitive 21st century business environment must integrate and balance economic, social and environmental bottom lines in their activities and report all its efforts in achieving these to its stakeholders. The study recommends that organizations should intensify efforts in having comprehensive sustainable reports outside the annual reports which is in line with global best practices.


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