SUSTAINABILITY ACCOUNTING PRACTICES AND DISCLOSURE AMONG MULTINATIONAL CORPORATIONS (MNC)

Abstract

This study examined the level of sustainability accounting practice, with a view to determine its effect on sustainability disclosure by Nigerian Multinational Corporations (MNCs). The study employed the descriptive and survey research design, in other to describe the level of sustainability accounting disclosure and ascertain the opinion of respondents as regards practice. The formulated hypotheses were tested using One-Sample Chi Square Test and Pearson Correlation coefficient. The study revealed that there is a high level of environmental and economic accounting practice among Multinational Corporations in Nigeria; and also, a positive association between environmental accounting practice and environmental disclosure of Multinational Corporations in Nigeria; and, between economic accounting practice and economic disclosure of Multinational Corporations in Nigeria. Based on this, our study recommends that The development of regulations and local rules backing sustainability practice should be encouraged. Countries have different environmental and cultural setting, laws that are peculiar to particular national states would enhance the conservation of particular natural resources which the country has added competitive advantage;