Environmental Sustainability Reporting and Financial Performance of Firms Listed at the Nairobi Securities Exchange, Kenya
| dc.contributor.author | Kipngetich, Geoffrey C. | |
| dc.contributor.author | Gatauwa, James | |
| dc.date.accessioned | 2024-10-03T13:09:12Z | |
| dc.date.available | 2024-10-03T13:09:12Z | |
| dc.date.issued | 2024 | |
| dc.description | Journal Article | |
| dc.description.abstract | Despite the benefits associated with environmentally sustainable reporting however, most firms in developing countries like Kenya only implement such practices to for compliance reasons. This study sought to establishing whether their performance and environmental sustainability reporting are related of Nairobi Security Exchange (NSE) listed firms. Specific objectives include climate action reporting, responsible consumption and production reporting, sustainable innovation reporting and reporting on the success of NSE listed companies' utilization of sustainable energy. Stakeholder, institutional theory, the theory of CSR, and theory of impression management all lend support to the study. An explanatory design was employed. The target population was 116 respondents from 58 firms listed in NSE. The study adopts census approach to study all the Listed firms. The data collection instrument to be used was a semi-structured questionnaire. While theme analysis was used to examine quantitative data, descriptive, inferential, and other statistics was employed. A multiple linear regression model was adopted for analysis. The diagnostic tests used in the research include normality test, multicollinearity test, Heteroscedasticity, linearity and analysis of variance. The study established that sustainable energy use reporting, sustainable innovation reporting, Sustainable energy use reporting, and sustainable innovation reporting significantly influences financial performance, this accounts for the variation in financial performance among companies listed on the NSE and concluded that there is a high correlation between the financial performance of firms listed on the NSE. Environmental sustainability reporting variables were found to have a statistically significant effect on financial performance. When applied effectively, environmental sustainability reporting may enhance financial performance. Furthermore, the research suggests that companies listed on the NSE should employ sustainability reporting in the following strategic ways: incorporating sustainability into the business model, accepting responsibility for the sustainability performance of products and services, including the whole company, and engaging in collaborations. | |
| dc.identifier.citation | Kipngetich, G.C. & Gatauwa, J. (2024). Environmental Sustainability Reporting and Financial Performance of Firms Listed at the Nairobi Securities Exchange, Kenya. IOSR Journal of Economics and Finance Vol. 15, Issue 2. | |
| dc.identifier.uri | 10.9790/5933-1502015468 | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/29055 | |
| dc.language.iso | en | |
| dc.publisher | . IOSR Journal of Economics and Finance | |
| dc.title | Environmental Sustainability Reporting and Financial Performance of Firms Listed at the Nairobi Securities Exchange, Kenya | |
| dc.type | Article |