Effect of Board Attributes on Environmental Information Reporting: Evidence from Nigeria

This study examined how various board attributes influence environmental information reporting among non-financial firms listed in Nigeria. Data were extracted from the published financial statements of the firms spanning 2013 to 2022. Board attributes considered were board size, board diligence, board independence, and board gender diversity, while firm size was introduced into the model as a control variable. Environmental information reporting was measured using a 20-item index. The analysis of panel data included descriptive statistics, diagnostic tests, and inferential statistics. Based on a sample of 40 listed firms, the Feasible Generalized Least Squares (FGLS) regression model showed a significant and positive association between board size and environmental information reporting. In contrast, board independence exerts a significant and negative on environmental information reporting. Even though board gender diversity displayed a positive effect, the outcome was not statistically significant. Equally, board diligence displayed a negative effect on environmental information reporting, but also insignificant. Based on these results, the study recommends that Nigerian listed firms should give attention to board composition and governance in order to improve their environmental reporting objectives.