Sustainability Accounting Practices and Reporting Differences among Key Sub-industrial Players in the Environmentally Sensitive Industry in Sub-Sahara Africa

Emmanuel Kofi Penney (), Lazarus Lanquaye Lamptey (), John Kwaku Amoh (), Alice Anima Aboagye () and Vivian Esumanba Sampson ()
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Emmanuel Kofi Penney: University of Professional Studies, Accra, Ghana
Lazarus Lanquaye Lamptey: University of Professional Studies, Accra, Ghana
John Kwaku Amoh: University of Professional Studies, Accra, Ghana
Alice Anima Aboagye: University of Professional Studies, Accra, Ghana
Vivian Esumanba Sampson: University of Professional Studies, Accra, Ghana

International Journal of Economics and Financial Issues, 2025, vol. 15, issue 2, 192-200

Abstract: In response to claims that environmentally sensitive industries (ESI) fail in sustainable development but rather damage the economy, environment and societal well-being, this paper demonstrates how, in Sub-Saharan Africa, ESI subsectors differ in sustainability practises and decompose the differences in the lenses of Institutional isomorphism theory. Using non-parametric techniques and sampling from Sub-Saharan African stock markets, the study detects a significant difference. The empirical results showed that mining firms show relatively exceptional sustainability reporting performance and suggest institutional issues should be considered when analysing subsectors. The significant disparities between the mining subsector and the other two subsectors are due to environmental sensitivity, sectorial institutional independence, and social actor impact. The findings support the necessity to exercise care when cautioning sustainable development behaviours of distinct groups in the ESI.

Keywords: Subsectors; Environmentally Sensitive Industry; Sustainability; Corporate Social Responsibility; Initiatives (search for similar items in EconPapers)
Date: 2025
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DOI: 10.32479/ijefi.16405

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