IMPACT OF ENVIRONMENTAL DISCLOSURE ON THE PERFORMANCE OF LISTED BREWERY COMPANIES IN NIGERIA

This study assessed the impact of environmental disclosure on the performance of brewery companies in Nigeria, using employee health and safety disclosure, waste management disclosure and environmental protection disclosure as the independents variables and cash value added as the dependent variable. Ex Post Facto research design was employed for the study. A sample of 4 Breweries companies in Nigeria was used and data were extracted form annual reports and accounts of the listed Breweries companies in Nigeria from 2013 to 2022. Descriptive statistics was used to analyze the data and E-view 9.0 was employed to test the hypotheses. Specifically, the result shows that employee health and safety disclosure has a significant effect on cash valued added while waste management disclosure and environmental protection disclosure were not statistically significant on performance of the brewing companies. However, the overall result indicated that Prob(F-statistic) is 0.04, showing that the measure of environmental disclosure has significant effect on financial performance (cash value added) of Breweries companies in Nigeria. Based on the findings of this study, the researcher recommended among others that management of the brewery companies should develop a well-articulated employee health and safety cost system to guarantee a conflict-free corporate atmosphere needed by managers and workers for maximum productivity.