Green Sustainability Strategies and Firm Performance of Nigerian Listed Firms
Olugbenga Kayode AKINFOLARIN, Oluyemi Benjamin ONI, Ayodele Grace OLALEYE, Oluyemi Ayodele OLONITE & Temitayo Emmanuel AYEJUYO
The creation of the Sustainable Development Goals by the United Nations is a response to the present issues in corporate sustainability activities and the socio-economic interaction in the world; business environments in Nigeria are also harmed by lack of sustainable frameworks for pollution control by firms. The effect of green sustainability initiatives on the performance of listed agricultural firms in Nigeria is therefore examined in this study. Five agricultural firms listed on the Nigerian Exchange Group as of December 31st, 2024, made up the study population. Descriptive statistics and Dynamic Ordinary Least Square (DOLS) regression analysis were used to evaluate data collected between 2016 and 2024. The results confirm that environmental pollution control practices have a positive and significant effect on firm performance. The study concludes that a percentage change in green sustainability strategies will have an equal variation on firm performance. Based on this, the study recommends that agricultural firms should continue to invest more funds in reducing pollution in the environment.
Keywords: Environment pollution control practice, firm performance, green sustainability