Background of the Study
Corporate environmental responsibility (CER) refers to a company’s commitment to minimizing its environmental footprint while maintaining business operations. Financial accounting plays a crucial role in assessing CER by providing frameworks for quantifying and reporting environmental costs and liabilities (Eze & Adeyemi, 2023).
TotalEnergies Nigeria has implemented several initiatives aimed at reducing its environmental impact. By incorporating financial accounting into its CER strategies, TotalEnergies demonstrates how accounting tools can be used to track progress and ensure compliance with environmental regulations. This study examines the role of financial accounting in assessing CER at TotalEnergies Nigeria.
Statement of the Problem
Environmental issues, such as oil spills and gas flaring, have heightened the need for companies in the oil and gas sector to adopt robust environmental management practices. While TotalEnergies Nigeria claims to prioritize CER, the effectiveness of its accounting mechanisms in monitoring and reporting environmental performance remains unclear.
This study investigates how financial accounting contributes to assessing and enhancing CER at TotalEnergies Nigeria, addressing gaps in accountability and transparency (Adebayo & Musa, 2024).
Objectives of the Study
To evaluate the role of financial accounting in assessing CER at TotalEnergies Nigeria.
To analyze the effectiveness of accounting tools in monitoring environmental performance.
To identify challenges in integrating financial accounting with CER strategies.
Research Questions
How does financial accounting contribute to assessing CER at TotalEnergies Nigeria?
What accounting tools are effective in monitoring environmental performance?
What challenges hinder the integration of financial accounting with CER strategies?
Research Hypotheses
Financial accounting significantly enhances the assessment of CER at TotalEnergies Nigeria.
Effective accounting tools improve the monitoring of environmental performance.
Challenges in integrating financial accounting with CER strategies reduce its effectiveness.
Scope and Limitations of the Study
The study examines TotalEnergies Nigeria’s CER strategies and accounting practices from 2015 to 2025. Limitations include restricted access to proprietary environmental data and reliance on publicly available reports.
Definition of Terms
Corporate Environmental Responsibility (CER): A company’s commitment to managing its environmental impact.
Financial Accounting: The process of recording, summarizing, and reporting financial transactions.
TotalEnergies Nigeria: A subsidiary of TotalEnergies SE, operating in Nigeria’s oil and gas sector.
Chapter One: Introduction
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