Firm Age and Environmental Disclosure of Listed Oil and Gas Marketing Companies in Nigeria: Global Reporting Initiative 11 Perspective

Abstract

This study examines the significance of Firm Age on Environmental Disclosure of listed Oil and Gas Marketing Companies in Nigeria. The study used a longitudinal data obtained from 10 oil and gas marketing companies listed on the Nigeria Exchange Group for a period of 10 years ranging from 2011 and 2020.  The study employed content analysis by extracting environmental disclosure data as specified by the Global Reporting Initiative 11 of 2021 and applied Panel Regression techniques. The findings of the study reveals that no significant relationship exist between firm age and environmental disclosures of listed oil and gas marketing companies with a p-value of 0.087. The paper recommends that listed oil and gas marketing companies should continue to undertake its operations and gather more experience in relation to the compliance with the disclosure framework as it is expected that in the long run, the compliance with the Global Reporting Initiative on environmental reporting even though is still optional, but will culminate into further benefits to the listed oil and gas marketing companies.