Omission of Triple Bottom Line Reporting: Cause of Corporate Entities’ Environmental Neglect in Nigeria

Mamidu Aruna Ishola, Ojeme Sam, Ojo J. A.

Abstract


The study critically looked into the ways in which social and environmental provisions in Nigeria can be improved upon and the body that should be socially responsible. Is it the government or the corporate entities? This paper selected six companies that are quoted in Nigeria Stock Exchange, taking two from each sector, and examined the content and quality of the concerns demonstrated in their 2013 Annual Report and Accounts for Social and environmental issues in Nigeria. Special attention was placed on the similarities or differences among the companies in their social and environmental care. This paper discovered that social and environmental issues in Nigeria had been grossly neglected by the corporate entities. They hardly reported on it in their annual reports. Even where there was reported on the social and environmental issues, it is always in the Chairman’s speech. The main conclusion of this paper is that corporate social responsibility (CSR) is an integral part of the new business model and that it is increasingly recognized that the role of the business sector is critical. As a part of society, it is in business’ interest to contribute to addressing common problems. Strategically speaking, business can only flourish when the communities and ecosystems in which they operate are healthy.


Keywords


Corporate; Responsibility; Communities and grossly neglected

Full Text:

PDF

References


Andreas, W., & Handfield R. B. (2013). The socially responsible supply Chain: An imperative for global corporations. Supply Chain Management Review, 17(5), 22-29.

Bertelsmann, S. (2012). CSR WeltWeit: German business — Global citizen. Retrieved from http://www.csr weltweit.de/en/laenderprofile/profil/nigeria/index.nc.html (retrieved 31/01/2015).

Bhattacharya, C.B., Sankar, S., & Daniel, K. (2008). Using corporate social responsibility to win the war for talent. MIT Sloan Management Review, 49(2), 37-44; The Good Company. The Economist. 2005-01-20. Retrieved 2008-03-07.

First Bank Nigeria Plc. (2013). First bank of Nigeria. 2013 Financial Statement and Annual Report.

Wood, D. (1991). Corporate social performance revisited - 199116(4). The Academy of Management Review.

DeGeorge, R. T. (2010). Business ethics (7th ed., p.205). Upper Saddle River: Pearson Education, Inc.

Halpern, B., & Keith, F. S. (2012). Products that kill and corporate social responsibility: The case of US defense firms. Armed Forces & Society, 38(4), 604-624.

Halpern, B., & Keith, F. S. (2012). Products that kill and corporate social responsibility: The case of us defence firms. Armed Forces & Society, 38(4), 604-624.




DOI: http://dx.doi.org/10.3968/%25x

Refbacks

  • There are currently no refbacks.


Copyright (c)




Share us to:   


Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; css@cscanada.net; css@cscanada.org

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).

 CANADIAN SOCIAL SCIENCE Editorial Office 

Address1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.

Website: Http://www.cscanada.net Http://www.cscanada.org 
E-mailcss@cscanada.net, css@cscanada.org

Copyright © Canadian Academy of Oriental and Occidental Culture