Ecological Finance and Sustainable Environmental Management in Listed Nigerian Real Estate Institutions
DOI:
https://doi.org/10.5281/zenodo.15287094Keywords:
Ecological Finance, Sustainable Environmental Management, Real Estate, Nigeria, Green Investment, Climate ResilienceAbstract
As environmental challenges intensify globally, ecological finance has emerged as a transformative instrument to promote eco-conscious practices, particularly in sectors with high environmental footprints such as real estate. This study investigates ecological finance on sustainable environmental management within Nigeria’s listed real estate institutions. The study categorizes ecological finance into ecological funds, ecological support, ecological rights and ecological interests. Drawing from the Triple Bottom Line and Environmental Economics theories. A quantitative ex-post facto design was adopted using panel data from ten listed Nigerian real estate firms between for the period of ten (10) years 2015 to 2024. The results, analyzed using STATA, reveal that all ecological finance components have significant positive effects on sustainable environmental management, with ecological rights exerting the strongest influence. Correlation and regression analyses affirm the robustness of the findings, while heteroskedasticity and multicollinearity checks validate the model’s reliability. The study concludes that ecological finance is vital for enhancing environmental resilience and aligning real estate development with national and global sustainability targets. It recommends regulatory reforms, stakeholder education and tailored ecological finance products to strengthen adoption and drive green urban transformation in Nigeria’s real estate sector.
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