Impact of triple bottom line reporting on accounting information disclosure of some selected money deposit banks in Nigeria

Abstract

The practice of only financial accounting-based reporting in the past is regarded as socially and
environmentally unfriendly. This study, therefore, examines the impact of triple bottom line-based reporting
on the accounting information disclosure of some selected money deposit banks in Nigeria. This
study employed a survey research design. A sample of 300 staff of the selected banks were purposively
selected from study population of eight selected banks in Nigeria. Primary data was collected through
the questionnaire to elicit data from the respondents. The data collected was analyzed using correlation
analysis, analysis of variances (ANOVA) and multiple regression models using SPSS version 20. The
study found that the P-value of 0.00 < 0.01. Thus, TBL reporting has a positive effect on accounting
information disclosure of banks in Nigeria. This study concluded that the activities of banks have moved
beyond reporting only financial accounting information at the expense of accounting for social and environmental
effects of these banks on the communities where they operate in Nigeria. This study recommends
that the accountants should be financially motivated to acquire adequate knowledge on how to
account for social and environmental activates of their companies.
Key words: accounting information disclosure, banks, triple bottom-line.