Carbon Accounting Practices and Financial Sustainability of Oil Producing Companies in Nigeria

Authors

  • Agbor Akwaji Department of Accounting, Faculty of Administration and Management Sciences, University of Calabar, Cross River State, Nigeria
  • Sunday A Effiong Department of Accounting, Faculty of Administration and Management Sciences, University of Calabar, Cross River State, Nigeria
  • Hilary Nkad Kubua Department of Accounting, University of Calabar, Cross River State, Nigeria

DOI:

https://doi.org/10.33003/fujafr-2026.v4i2.349.435-443

Keywords:

Carbon accounting practices, emissions categories, emissions sources, financial sustainability, scope of emissions, scope of reporting boundaries

Abstract

Purpose: Examine the effect of carbon accounting practices (scope of emissions, emission sources, emission categories, and reporting boundaries) on financial sustainability of oil-producing companies in Nigeria.

Methodology: Survey design, population of 100 staff drawn from five oil-producing companies, census sampling, structured questionnaire, multiple regression analysis.

Results: Scope of emissions (β=.129, p=.011), emission sources (β=.290, p=.000), emission categories (β=.144, p=.001), and reporting boundaries (β=.244, p=.000) positively and significantly influenced financial sustainability.

Conclusion: Carbon accounting practices significantly enhance financial sustainability of oil-producing companies.

Implications: Oil companies should strengthen carbon accounting systems to improve sustainability and stakeholder confidence.

References

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Published

30-06-2026

Issue

Vol. 4 No. 2 (2026): June 30, 2026

Section

Articles

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Copyright (c) 2026 Agbor Akwaji, Sunday A Effiong, Hilary Nkad Kubua

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How to Cite

Akwaji, A., Effiong, S. A., & Kubua, H. N. (2026). Carbon Accounting Practices and Financial Sustainability of Oil Producing Companies in Nigeria. FUDMA Journal of Accounting and Finance Research [FUJAFR], 4(2), 435-443. https://doi.org/10.33003/fujafr-2026.v4i2.349.435-443

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