Angela Ngozi Okolo (PhD), Priscilla Uchenna Egolum (PhD), Augustina A. Ezeh


This study investigated the effect of environmental management on economic sustainable development with emphasis on listed consumer goods firms in Nigeria. In order to emphatically achieve result, three hypotheses were formulated. Ex-post factor research design was employed. The population of the study comprised all the firms listed under consumer goods sector within the period of study (2015 to 2020) which is 26 and 10 of them were adopted as sample for the study. Secondary data were utilized in the analysis. The result revealed that technologies and strong environmental policies have statistically significant effect on sustainable economic development. Environmental performance award and environmental crisis were statistically insignificant. The study recommends that regulators should examine firms’ annual reports with much emphasis on the amounts spent on processes of environmental management in order to encourage more disclosures as this contributes to the economic sustainability.


Environmental Performance Award, Technologies, Environmental Crisis, Environmental Policies, Economic Sustainable Development.

Full Text:



Aggarwal, P. (2013). Relationship between environmental responsibility and Financial performance of firm. A literature review. Journal of BusinessManagement,13 (1).

Allen, F. E. (1992). Reducing Toxic Waste Produces Quick Results. The Wall Street Journal, New York.

Burlea S.A., & Popa, I. (2013): “Legitimacy theory. In: S.O. Idowu, N. Capaldi, L. Zu, and A.D.Gupta (eds), Encyclopedia of Corporate Social Responsibility, 1579–1584. Berlin, Heidelberg: Springer-Verlag.

Duran, C.D., Gogan, L.M., Artene, A. & Duran, V. (2015). The components of sustainable development- a possible approach. Procedia Economics and Finance, 26, 806-811.

Eccles, R.G., & Krzus, M.P. (2010). One report: Integrated reporting for a Sustainable strategy. Hoboken, NJ: John Wiley & Sons, Inc.

Egolum, P. U., & Ezeh, A. A. (2021). Audit Quality and Accounting Going Concern Evidence from Listed Non-Financial Firms in Nigeria:Salem Journal of Business & Economy, 7 (2).

Egolum, P. U.,Amahalu, N. N., & Obi, J. C. (2019).Effect of Firm Characteristics On Environmental Performance of Quoted Industrial Goods Firms in Nigeria: International Journal of Research in Business, Economics and Management,3(6), www.ijrbem.com.

Global Reporting Initiative. (2011). G3.1 Sustainability Reporting Guidelines. Global Reporting Initiative. Retrieve fromhttps://www.globalreporting.org/resourcelibrary/G3.I-Guidelines-IncI-Technical-Protocol.pdf

Goosen, M. F. A. (2012). Environmental management and sustainable development. Procedia Engineering.

Hunt, C.B., & Auster, E. R. (1990). Proactive Environmental Management: Avoiding the Toxic Trap. Sloan Management Review, 31,2

Ikponmwosa, N., & Ogbeide, D. O. (2021). Environmental responsibility and firm Financial performance: evidence from International Oil Companies in Niger Delta. Oradea Journal of Business and Economics, 1 (VI).

Jenkins, W. (2009). Berkshire encyclopaedia of sustainability: the spirit of sustainability, Vol. 1 (1st ed.). Berkshire: Berkshire Publishing Group.

Klarin, T. (2018). The concept of sustainable development: from its beginning to the contemporary issues. Zagreb International Review of Economics & Business, 20(1).

Klassen,R.D.and Mclaughlin,C. (1996).The impact of Environmental Management on firm performance. Management Science Journal

Mistry, V., Sharma, U., & Low, M. (2014). Management accountants’ perception of their role in accounting for sustainable development: An exploratory study. Pacific Accounting Review, 26(1/2), 112–133.

Ndubuisi-Okolo, P. U., Anekwe, R. I., & Ekwochi, E. A. (2020). Environmental sustainability and Sustainable development in Nigeria: Problems and Prospects. International Journal of Academic, Accounting finance & management (4)1

Ogboru, I., & Anga, R. A. (2015). Environmental Degradation and Sustainable Economic Development in Nigeria: A Theoretical Approach. Research journali’s Journal of Economics(3)6.

Onyali, C. I., Okafor. T. G., & Egolum, P. U. (2014).An Assessment of Environmental Information Disclosure Practices of Chosen Nigerian Manufacturing Companies International: Journal of Finance and Accounting 3(6): 349-355, DOI: 10.5923/j.ijfa.20140306.03

Remenyi, J. (2004). What is Development? In D. Kingsbury, J. Remenyi, J. McKay & J. Hunt, (Eds.), Key Issues in Development (pp. 22-44). Hampshire, New York: Palgrave Macmillan.

Rosewicz,B. (1990). Americans Are willing to Sacrifice to Reduce Pollution. They Say. The Wall Street Journal, New York.

Sterling, S. (2010). Learning for resilience, or the resilient learner? Towards a necessary reconciliation in a paradigm of sustainable education. Environmental Education Research, 16, 511-528.


  • There are currently no refbacks.

Copyright (c) 2022 Angela Ngozi Okolo (PhD), Priscilla Uchenna Egolum (PhD), Augustina A. Ezeh




 ISSN (PRINT):    2734 - 2522

 ISSN (ONLINE):  2734 - 2514






Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.