International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2023 | Volume: 7 | Issue: 10 | Page No.: 20-28 Environmental Cost Accounting and Profitability of Publicly Traded Consumer Goods Companies in Nigeria Download PDF JONAH Ngbomowa Moses PhD Abstract: The research objective is to discover the link between environmental cost accounting and the profitability of consumer goods companies incorporated in Nigeria. The dimension of environmental cost accounting used are pollution control cost, waste management cost and social project costs while the profitability proxies are net profit margin and return on asset. Retrospective research design as well as stakeholder theory was used in the study. The study population consisted of twenty-six consumer goods companies, eighteen of which were purposively selected for the period 2017-2021. Content analysis was used to obtain data on the environmental cost dimension. The data obtained were analysed by means of descriptive statistics and multiple regression aided by SPSS version 22.0. The result revealed a positive, non-significant relationship between social project costs and net profit margin along with return on asset. Pollution control cost had a positive, significant relationship on net profit margin but its relationship on return on asset is not significant. Waste management cost depicted a negative relationship that is not significant with net profit margin and return on asset. The research concluded that environmental cost accounting had a positive, non-significant relationship with the profitability of publicly traded consumer goods companies in Nigeria. Among other things, the study recommends that corporate entities increase their spending on social projects aimed at ameliorating the suffering of host communities and that corporate organization should spend more on waste management and pollution control.