Sustainable Development Goals in Corporate Reporting: Analysis of Economic, Social, and Environmental Disclosure (Survey among Public Listed Companies in Indonesia)

Lokita Rizky Megawati and Arie Pratama
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Lokita Rizky Megawati: School of Business, IPB University, Indonesia; & Doctoral Student, Department of Accounting, Faculty of Economics and Business, Padjadjaran University, Indonesia
Arie Pratama: Department of Accounting, Faculty of Economics and Business, Padjadjaran University, Indonesia

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 3, 625-638

Abstract: This research purpose was to describe the disclosure of the Sustainability Development Goals (SDG) in Indonesian companies’ corporate reporting to further analyse sustainability issues. This study employed a descriptive, quantitative method. This research collected data from 443 Indonesian publicly listed companies divided into nine types of industries. This study classified 17 SDG targets into three sustainability-related performance indicators: Economic, Social, and Environmental. The data were analysed using descriptive statistics, Analysis of Variance , and cluster analysis. This research found that: (1) the disclosure of the SDG items in corporate reporting is still low at 38%; (2) SDG disclosure made by the company still focused more on the economic theme of sustainability, rather than environmental or social; (3) there are significant differences among industries in terms of economic disclosure, but there are no differences in terms of environmental and social disclosure; (4) there are five clusters formed by the cluster analysis, and the general cluster descriptions indicate that only 15% of the companies have good disclosure quality in terms of Economic, Social and Environmental issues, and around 24% of the companies still have no or few disclosures of sustainability-related issues. This implies that Indonesian companies still face a significant challenge in promoting corporate reporting to satisfy investors’ need for sustainability.

Keywords: Sustainability Development Goals; Corporate Reporting; Economic; Social; Environmental; Indonesia (search for similar items in EconPapers)
JEL-codes: E16 M41 Q01 Q56 (search for similar items in EconPapers)
Date: 2024
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