An Examination of Environmental Reporting and Its Effect on Stakeholder Trust: A Study of Seplat Energy Plc
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
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- Recommended for :
- NGN 5000
Background of the Study
Environmental reporting involves the disclosure of information about an organization’s environmental impact, including sustainability initiatives, resource usage, and emissions data. Seplat Energy Plc, a leading energy company in Nigeria, uses environmental reporting to enhance transparency and build trust among stakeholders (Ajayi & Bello, 2024).
Environmental reporting is increasingly recognized as a critical tool for fostering stakeholder trust, particularly in industries with significant environmental footprints like energy and oil. Transparent reporting helps organizations demonstrate accountability and commitment to sustainable practices, thereby improving their reputation and stakeholder relationships. However, inconsistencies in reporting standards and inadequate enforcement of environmental laws pose challenges to its effectiveness.
This study examines the relationship between environmental reporting and stakeholder trust at Seplat Energy Plc, emphasizing the role of transparency in building long-term relationships.
Statement of the Problem
Despite the benefits of environmental reporting, its adoption in Nigeria remains inconsistent, with many companies failing to meet global standards. For Seplat Energy Plc, effectively using environmental reporting to build stakeholder trust requires overcoming challenges such as lack of standardization, limited awareness, and potential reputational risks from inadequate disclosures (Ogunleye et al., 2025).
This study investigates how environmental reporting affects stakeholder trust, focusing on Seplat Energy Plc’s practices and outcomes.
Objectives of the Study
- To evaluate Seplat Energy Plc’s environmental reporting practices.
- To analyze the impact of these practices on stakeholder trust.
- To identify challenges and opportunities in environmental reporting in the Nigerian energy sector.
Research Questions
- What are the environmental reporting practices at Seplat Energy Plc?
- How does environmental reporting influence stakeholder trust?
- What challenges and opportunities exist in environmental reporting?
Research Hypotheses
- Environmental reporting significantly enhances stakeholder trust at Seplat Energy Plc.
- Challenges in environmental reporting hinder its effectiveness in fostering stakeholder trust.
Scope and Limitations of the Study
The study focuses on Seplat Energy Plc’s environmental reporting practices and their effect on stakeholder trust. Limitations include reliance on publicly available reports and potential biases in stakeholder perceptions.
Definitions of Terms
- Environmental Reporting: The process of disclosing an organization’s environmental performance and impact.
- Stakeholder Trust: The confidence stakeholders have in an organization’s actions and commitments.
- Transparency: The openness and clarity with which an organization communicates its operations and impacts.
