EFFECT OF BOARD CHARACTERISTICS ON CARBON EMISSION DISCLOSURE: A STUDY OF OIL AND GAS FIRMS IN NIGERIA

Abstract

This study determined the effect of board characteristics on carbon emission disclosure of oil and gas firms in Nigeria from 2013-2023, using gender diversity, and board independent as the independent variables, while carbon emission disclosure was the dependent variable of the study. Data were extracted from the annual reports and account of the sampled firms.  Descriptive Statistics of this study was applied, while Panel Least Square regression analysis was employed to test the hypotheses. The study indicates that gender diversity has significant and positive effect on carbon emission disclosure while board independence has a significant but negative effect on carbon emission disclosure. In conclusion, board characteristics have a significant effect on Carbon emission disclosure of oil and gas firms in Nigeria. Based on the study findings, the study recommended that since there is a positive relationship between gender diversity and environmental disclosure, the management of firms should sustain a gender mix that is likely to have improved financial performance.