Environmental Sustainability Reporting and Financial Performance of Firms Listed at the Nairobi Securities Exchange, Kenya
| dc.contributor.author | Kipngetich, Geoffrey C. | |
| dc.date.accessioned | 2025-03-06T09:43:28Z | |
| dc.date.available | 2025-03-06T09:43:28Z | |
| dc.date.issued | 2024-09 | |
| dc.description | A Research Project Submitted to the School of Business, Economics and Tourism in Partial Fulfilment of the Requirement for the Award of the Degree in Master of Business Administration (Finance), Kenyatta University, September 2024. Supervisor James Gatauwa | |
| dc.description.abstract | Nairobi Stock Exchange (NSE) Plc has experienced inconsistent financial performance between 2019 and 2022. For example, total income decreased from Ksh. 782.4 million in 2018 to Ksh. 715.6 million in 2019, with profit before tax dropping from Ksh. 240.9 million to Ksh. 104.5 million. The following years continued to show fluctuating trends, highlighting the need to understand the underlying issues causing these inconsistencies. Additionally, there is variability in performance across different industries, with some sectors like banking and automobile recording growth, while manufacturing has seen a decline. Despite the recognized benefits of environmentally sustainable reporting, many firms in developing countries, such as Kenya, implement such practices mainly for compliance purposes. This study will aim to establish whether there is a relationship between environmental sustainability reporting and the performance of firms listed on the Nairobi Securities Exchange (NSE). The specific objectives will include examining climate action reporting, responsible consumption and production reporting, sustainable innovation reporting, and the success of NSE-listed companies' use of sustainable energy. Supported by stakeholder theory, institutional theory, the theory of CSR, and the theory of impression management, the study will employ an explanatory design. The target audience will consist of 116 respondents from 58 NSE-listed firms, adopting a census approach to include all listed firms. Data collection will be conducted using a semi-structured questionnaire, with pilot research preceding the main study. Quantitative data will be analyzed using descriptive and inferential statistics, while qualitative data will be examined through theme analysis. A multiple linear regression model will be used for analysis, and diagnostic tests such as normality, multicollinearity, heteroscedasticity, linearity, and factor analysis will be conducted. Ethical considerations, including informed consent, voluntary participation, anonymity, confidentiality, and potential harm, will be observed. The study anticipates finding that sustainable energy use reporting and sustainable innovation reporting significantly influence financial performance, accounting for variations among companies listed on the NSE. It is expected to conclude that there is a high correlation between the financial performance of NSE-listed firms and their environmental sustainability reporting. Effective implementation of sustainability reporting may enhance financial performance. The research will suggest that NSE-listed companies should strategically employ sustainability reporting by integrating sustainability into their business models, taking responsibility for the sustainability performance of their products and services, involving the entire company, and engaging in collaborations. | |
| dc.description.sponsorship | Kenyatta University | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/29714 | |
| dc.language.iso | en | |
| dc.publisher | Kenyatta University | |
| dc.title | Environmental Sustainability Reporting and Financial Performance of Firms Listed at the Nairobi Securities Exchange, Kenya | |
| dc.type | Thesis |