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Vol. 5 No. 10 (2022): American Journal of Economics and Business Management

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Triple Bottom Line Accounting and Sustainable Development in Nigeria

https://doi.org/10.31150/ajebm.v5i10.1639
Awuji Charles Evans
Department of Accounting, Faculty of Management Science Ignatius Ajuru University of Education, Rumuolumeni, Rivers State, Nigeria
Sibe Jude Naanyone
Department of Accounting, Faculty of Management Science Ignatius Ajuru University of Education, Rumuolumeni, Rivers State, Nigeria

Corresponding Author(s) : Awuji Charles Evans

Evans@gmail.co

American Journal of Economics and Business Management, Vol. 5 No. 10 (2022): American Journal of Economics and Business Management

Abstract

This study investigated the effects of triple bottom line accounting on sustainable development in Nigeria. The paper employed ex post facto research design from available documentary evidence to explain the relationship between triple bottom line accounting and sustainable development. Triple bottom line accounting broadens the financial accounting and reporting framework to include a wider set of impacts and performance measurement for organizations. This means expanding the traditional framework to take into account ecological and social performance. This promotes the sustainability of organizations. Hence, sustainable development is a positive change which does not occur at the expense of the environment or social systems on which humans depend. Therefore, the paper concludes that triple bottom line accounting affects the sustainability development of Nigeria due to the incorporation of people, profit and planet. The paper recommends amongst others that companies should adopt sustainable development strategy is an indication of managerial attention to the perceptions of the stakeholders, who play a major role in determining the success and survival of any business enterprise.

Keywords

Triple bottom line Sustainability Sustainable Development
Evans , A. C. ., & Naanyone , S. J. . (2022). Triple Bottom Line Accounting and Sustainable Development in Nigeria. American Journal of Economics and Business Management, 5(10), 186–196. https://doi.org/10.31150/ajebm.v5i10.1639
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