FACTORS INFLUENCING VOLUNTARY SUSTAINABILITY REPORTING FOR OIL AND GAS COMPANIES IN TANZANIA

Authors

  • Emmanuel Christopher University of Dar es Salaam
  • Henry Chalu University of Dar es salaam

Abstract

This article examines factors influencing voluntary sustainability reporting for the oil and gas sector in Tanzania. The sector was considered due to its potentiality for economic development. The population of the study was oil and gas companies operating in upstream, midstream, or downstream. Factor analysis was applied to group the factors and obtain variables which were regressed to test their significance in determining voluntary sustainability reporting. The study used non-probabilistic sampling and data was collected through a survey. It was revealed that perceived benefits, NGOs and the media significantly influence voluntary sustainability reporting, while top management support, governmental regulations and professional involvement do not. From the findings of the study, it is recommended that advocates of voluntary sustainability reporting should capitalise on creating awareness on perceived benefits, NGOs and the media. It is also recommended that more attention should be dedicated to making organisations themselves perceive the benefits of sustainable reporting rather than paying a lot of attention to governmental regulations, governmental support, professional involvement and management support factors.

Author Biographies

Emmanuel Christopher, University of Dar es Salaam

Assistant Lecturer

Henry Chalu, University of Dar es salaam

Lecturer

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Published

2020-05-05

Issue

Vol. 22 No. 1 (2019): Special Issue on Oil and Gas

Section

Articles

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Copyright

Copyright © by University Of Dar-es-Salaam Business School, University of Dar es Salaam

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage or retrieval system, without permission in writing from the publisher, except for short extracts in fair dealing, for research or private study, critical scholarly review or discourse with an acknowledgement.

 Business Management Review [ISSN 0856 2253 (Print) & ISSN   (Online)] is published bi-annually, June and December by University Of Dar-Es-Salaam Business School, University of Dar es Salaam, and P.O. Box 35046 €“ Dar es Salaam €“ Tanzania.