Sustainability Disclosure Quality: Does Risk Committee Attributes Matter? An Examination of Quoted Oil and Gas Firms in Nigeria

This article investigates whether and how risk management committee (RMC) attributes affect sustainability disclosure quality in Nigerian quoted oil and gas firms. Specifically, it examines how size, independence, expertise and meetings of the RMC influence sustainability reporting, corporate social responsibility (CSR), impact investing and responsible business practices, particularly in oil and gas entities in Nigeria. The study employs a panel data set covering 10 years (2014–2023) across designated oil and gas firms publicly traded on the Nigerian Exchange Group (NGX). Information was sourced from annual reports and analysed using fixed effects regression techniques after conducting relevant diagnostic tests, including multicollinearity, normality and heteroskedasticity checks. The findings reveal that the size and independence of the risk committee have a substantial relationship with sustainability disclosure quality. Other attributes, such as expertise and meetings, exert no statistically significant influence. Firm age, included as a control variable, displays a substantial and meaningful relationship with sustainability disclosure quality. The study concludes that while risk committee composition is important, its impact on sustainability reporting may depend on members’ specific commitment and competence in environmental, social and governance (ESG) matters. It recommends that firms integrate ESG expertise into their governance structures and ensure meaningful engagement by risk committees to enhance transparency and accountability.