Determinants of Corporate Water Disclosure in Indonesia

Indah Fajarini Sri Wahyuningrum (), Amin Chegenizadeh, Ain Hajawiyah, Sriningsih Sriningsih, Sri Utami, Mochamad Arief Budihardjo and Hamid Nikraz
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Indah Fajarini Sri Wahyuningrum: Department of Accounting, Faculty of Economics, Universitas Negeri Semarang, Semarang 50229, Indonesia
Amin Chegenizadeh: School of Civil and Mechanical Engineering, Faculty of Science and Engineering, Curtin University, Perth, WA 6102, Australia
Ain Hajawiyah: Department of Accounting, Faculty of Economics, Universitas Negeri Semarang, Semarang 50229, Indonesia
Sriningsih Sriningsih: Department of Accounting, Faculty of Economics, Universitas Negeri Semarang, Semarang 50229, Indonesia
Sri Utami: Department of Economics, Faculty of Economics, Universitas Negeri Semarang, Semarang 50229, Indonesia
Mochamad Arief Budihardjo: Department of Environmental Engineering, Faculty of Engineering, Universitas Diponegoro, Semarang 50275, Indonesia
Hamid Nikraz: School of Civil and Mechanical Engineering, Faculty of Science and Engineering, Curtin University, Perth, WA 6102, Australia

Sustainability, 2023, vol. 15, issue 14, 1-17

Abstract: Water information disclosure by companies in Indonesia has become an important commitment to safeguarding water resources and taking responsibility for the environment and stakeholders. This study has two objectives. First, it investigates the extent of water information disclosed by manufacturing companies listed on the Indonesian Stock Exchange. Second, this study investigates the determinants that affect the disclosure of water information. Water information disclosure is analyzed using content analysis based on the Global Reporting Initiative (GRI)-G4, the CDP’s 2020 Water Safety Questionnaires, and indicators used in previous research. This study uses data from the annual reports and sustainability reports of manufacturing companies listed on the Indonesia Stock Exchange from 2017 to 2020. The determinants tested in this study include the existence of a CSR committee, board independence, government ownership, profitability, company size, and industry type. These findings indicate that companies with CSR committees disclose less water information. Meanwhile, share ownership by the government has a significantly positive effect on water information disclosure. The variables—board independence, profitability, company size, and industry type—do not affect water information disclosure. This study contributes to the literature by providing a comprehensive perspective on water information disclosure in Indonesia.

Keywords: water information disclosure; manufacturing companies; Indonesia; corporate governance; company characteristics (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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