Book

Description

Environmental sustainability has become a strategic priority in corporate governance and financial decision-making as stakeholders increasingly demand transparency, accountability, and responsible business practices. This book examines the relationship between environmental accounting disclosures and corporate financing decisions, with particular emphasis on debt-management strategies among listed multinational firms in Nigeria. Environmental sustainability has become a strategic priority in corporate governance and financial decision-making as stakeholders increasingly demand transparency, accountability, and responsible business practices. This book examines the relationship between environmental accounting disclosures and corporate financing decisions, with particular emphasis on debt-management strategies among listed multinational firms in Nigeria. Drawing on contemporary accounting theories, corporate finance principles, and empirical evidence, the book explores how environmental disclosure practices influence lenders' confidence, debt capacity, borrowing costs, capital structure, and long-term financial sustainability. It demonstrates that transparent environmental reporting reduces information asymmetry, enhances corporate credibility, mitigates financial risk, and strengthens relationships with investors, creditors, regulators, and other stakeholders. The book critically reviews global sustainability reporting frameworks, including the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB) Standards (IFRS S1 and IFRS S2), and evolving Environmental, Social, and Governance (ESG) reporting requirements. It also examines Nigeria's regulatory landscape, highlighting the roles of the Financial Reporting Council of Nigeria (FRCN), the Nigerian Exchange Group (NGX), and the Securities and Exchange Commission (SEC) in promoting sustainability reporting and responsible corporate financing. Using evidence from listed multinational firms in Nigeria, the book analyses the effect of environmental accounting disclosures on leverage decisions, debt maturity, financing costs, and overall financial performance. It provides practical.