ENVIRONMENTAL REPORTING PERFORMANCE ANALYSIS OF SELECTED MATERIALS INDUSTRIES IN SRI LANKA.

Abstract

The purpose of this study is to examine the state of environmental reporting performance of listed material companies in Sri Lanka. The environmental reporting performance score, which is used as the environmental reporting state, measures and determinants by utilizing profitability, financial leverage, and multinational characteristics. This study used panel data consisting of 19 listed materials industries in Sri Lanka out of 23 listed materials industries companies as a sample for the period of 2015-2020. This research is conducted based on secondary data. Data will be obtained from the financial reports and websites of sample listed materials companies and information from the website of CSE from 2015 to 2020. STATA used to analyze data. The random-effect model was chosen to examine the impact of determinant factors and the state of environmental reporting performance. Based on the study's research findings, it was determined that Sri Lanka is making constant progress toward achieving the desired state of environmental reporting performance, despite the fact that it has not yet reached that level. Further, the findings of the study are that the profitability, financial leverage and multinational characteristics contribute to positive significance to the state of environmental reporting performance of listed materials industries in Sri Lanka. It means that using profitability, financial leverage and multinational characteristics significantly affect the state of environmental reporting of the listed companies in the materials industries. Stakeholders and managers will be able to use the results and findings from the results of this study and they can make more reliable and effective decisions.