ABSTRACT

The study empirically examined the factors that influence quality sustainability reporting practices in Nigerian Financial Sector. The study objectives were to examine the effect of Audit committee sindependence, board independence, firm age, ownership structure, financial leverage, profitability, and firm size.  The population for the study consisted of listed financial services companies in the Nigerian Exchange Group. The companies for the population had the responsibility to publish their sustainability report for five (5) consecutive years for the period of 2018-2022.  The secondary data used for the study was collected from a sample of thirty- two (32) listed financial services companies and data w ere analyzed using descriptive statistics, correlation matrix, diagnostic test and regression analysis.

The regression result shows that audit committee independence and board independence have a positive and insignificant effect on quality sustainability reporting practices, while Firm age has a negative and insignificant effect on quality sustainability reporting, then ownership structure, financial leverage, profitability and firm size have a positive and significant effect on quality sustainability reporting practices. The study recommended that audit committee should maintain a certain level of independence to ensure effective oversight, that a company should have a board with reasonable independence to ensure effective governance, and companies should renew and update their sustainability report to ensure that they are relevant and effective.