MANAGERIAL ENERGIZING AS A DETERMINANT OF CORPORATE SUSTAINABILITY REPORTING: EVIDENCE FROM NIGERIA MANUFACTURING COMPANIES

Abstract

The implementation of the Global Reporting Initiative (GRI) has been highly dependent on managerial energizing, especially in light of Nigeria's manufacturing companies. This is because stakeholders are increasingly demanding complete accountability in terms of economic, social, and governance disclosures. Through the lens of the GRI framework, this study especially attempts to evaluate the impact of managerial energizing on corporate sustainability reporting. This study made use of secondary data from a sample of 49 manufacturing firms that continued to be regularly listed on the Nigerian Exchange Group (NGX) from 2011 to 2023.  Both descriptive and inferential statistical methods were applied to the statistical analysis of the acquired data. Our results, which were obtained using the Generalized Least Square (GLS) regression method, indicate that managerial energizing has a significant impact on corporate sustainability reporting. Moreover, companies with higher managerial energizing levels also typically have more thorough and open corporate sustainability policies. Additionally, our study revealed that organizations with managerial energizing had higher GRI reporting rates because these managers are more driven to show their support for corporate social responsibility and sustainability. These results underscore the significance of high-energy management within the framework of GRI reporting, and recommend that organizations work to foster a managerial energizing leadership culture in order to attain more transparent and sustainable economic, environmental and social disclosure practices.