Quadruple Bottom Line Disclosure Among Listed Manufacturing Firms in Nigeria: A Paradigm for Cost Savings

Abstract

The study determined the effect of quadruple bottom line reporting (proxies by economic, social, environmental, and governance disclosures) on cost saving among listed manufacturing firms in Nigeria. ­Ex-post facto research design was adopted using a population size of 21 listed consumer goods manufacturing firms from which a sample of fifteen was purposively selected. The data collected for the study spanned a period of 10 years from 2013 to 2022. Random effect model was estimated at 5% significance level which revealed that economic, social, environmental, and governance disclosures significantly enhance cost saving among listed manufacturing firms in Nigeria. In conclusion, the adoption of quadruple bottom line reporting can offer manufacturing firms a strategic advantage. It aligns with global trends in sustainable business practices and can position these firms to enjoy cost-saving opportunities. To maximize the benefits of quadruple bottom line reporting, manufacturing firms should make a concerted effort to integrate economic, social, environmental, and governance disclosures into their business practices in order to enhance transparency and accountability, leading to improved cost-saving opportunities.

Keywords

• cost saving
• economic reporting
• environmental reporting
• governance reporting
• quadruple bottom line reporting
• social reporting