The importance of external engagement and
the growing public concern over environmental
reporting have prompted businesses all over the world to
look for measures to lessen their negative environmental
effects. This is accomplished by providing stakeholders
with high-quality environmental information. In
developed economies, the role of the Global Reporting
Initiative in establishing environmental reporting
performance indicators have received a great deal of
attention. However, developing economies have less
research on the subject. The purpose of this study,
therefore, was to determine how media exposure,
environmental assurance statements, and stakeholder
power related to firm external engagement attributes
affected the quality of environmental reporting in
Nigeria. From the secondary data, the annual reports
and websites of listed companies for the years 2017
through 2021 were used. The study adopted the panel
least squares method to analyse the data gathered from
the annual reports and corporate websites of the listed
companies in Nigeria. According to study results, there is
a strong positive relationship between media exposure,
stakeholder power, and quality of environmental
reporting. In addition, anegligiblepositive link between
environmental assurance statementsand the quality of
environmental reporting exists. The study concludes that
by following international best practices for
environmental reporting and providing stakeholders
with adequate information, businesses can increase
external participation and close the reporting gap.
Keywords :
Media exposure, Environmental assurance, Stakeholder power, Environmental reporting quality