Influence of Board Characteristics on Carbon Emission Disclosure: Evidence from the Nigerian Oil and Gas Sector

Oyerogba Ezekiel, Sunday Olugbenro, Sunday Omojola, Olatunde Wright and Olateju Aregbesola
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Oyerogba Ezekiel: College of Social and Management Sciences, Bowen University, Iwo, Nigeria
Sunday Olugbenro: Department of Bursary, Oyo State College of Education, Lanlate, Nigeria
Sunday Omojola: College of Social and Management Sciences, Bowen University, Iwo, Nigeria
Olatunde Wright: College of Social and Management Sciences, Bowen University, Iwo, Nigeria
Olateju Aregbesola: College of Social and Management Sciences, Bowen University, Iwo, Nigeria

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 5, 582-592

Abstract: This study investigates whether board characteristics influence a firm’s carbon emission disclosure, in the context of the Nigerian listed oil and gas companies. Board characteristics is divided into board composition (board size, board independence and board structure) and board diversity (board gender diversity, ethnicity and background). The study assessed data from 22 quoted oil and gas companies for the fifteen-year period (2009-2023). The study adopted ordered regression for data analysis and concludes that board structure, board independence, board gender diversity and board ethnicity significantly influence the likelihood of high-quality carbon emission disclosure. The findings established the significant roles of the board in allocating resources to environmentally friendly activities, monitoring managerial activities, and ensuring that firms meet its obligation to operate in a climate friendly manner.

Keywords: Board Characteristics; Carbon Emission Disclosure Quality; Board Gender Diversity; Board Ethnic Diversity (search for similar items in EconPapers)
JEL-codes: C32 (search for similar items in EconPapers)
Date: 2024
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