CORPORATE REPORTING, CORPORATE GOVERNANCE, AND SUSTAINABLE DEVELOPMENT GOALS DISCLOSURES
DOI:
https://doi.org/10.29303/jaa.v8i2.343Keywords:
Corporate Reporting, Corporate Governance, Sustainable Development Goals DisclosuresAbstract
Sustainability Development Goals (SDGs) began to be implemented in 2016 with 17 achievement targets, including increasing human capability and reducing inequality in sustainable development. Supervision from internal company parties by Corporate Governance (CG) must be carried out by providing SDG information. This research examines the influence of CG on SDGs disclosure. This research used purposive sampling; 33 mining companies that were listed on the Indonesia Stock Exchange for the 2016-2022 period were obtained. The total data used was 231 corporate reporting as research observation data. This research analyzes using panel data regression. The research results show that CG influences SDG disclosure, but only the variables of the existence of the board of commissioners and corporate social responsibility officers show significance. This research implies that CG can maximize support for SDGs, bringing sustainability to shareholders (principals) as company owners. Thus, CG is an essential part of stakeholders' information needs, especially regarding the SDGs.
References
Adel, C., Hussain, M. M., Mohamed, E. K. A., & Basuony, M. A. K. (2019). Is Corporate Governance Relevant to the Quality of Corporate Social Responsibility Disclosure in Large European Companies? International Journal of Accounting & Information Management, 27(2), 301–332. https://doi.org/10.1108/IJAIM-10-2017-0118.
Ahmed, A., & Anifowose, M. (2023). Corruption, corporate governance, and sustainable development goals in Africa. Corporate Governance (Bingley), ahead-of-print(ahead-of-print). https://doi.org/10.1108/CG-07-2022-0311
Ainun, Moh. B. (2020). Pengaruh Tenure CEO terhadap Readability Narasi Pengungkapan. Jurnal Ekonomi, Bisnis Dan Kewirausahaan (JEBIK), 9(1), 71–83. https://doi.org/10.26418/jebik.v9i1.37114
Arayssi, M., Jizi, M., & Tabaja, H. H. (2020). The impact of board composition on the level of ESG disclosures in GCC countries. Sustainability Accounting, Management and Policy Journal, 11(1), 137–161. https://doi.org/10.1108/SAMPJ-05-2018-0136
Arena, M., Azzone, G., Ratti, S., Urbano, V. M., & Vecchio, G. (2023). Sustainable development goals and corporate reporting: An empirical investigation of the oil and gas industry. Sustainable Development, 31(1), 12–25. https://doi.org/10.1002/sd.2369
Arifianti, N. P., & Widianingsih, L. P. (2023). Kualitas Pengungkapan SDGs: Apakah Berpengaruh Terhadap Kinerja Keuangan Perusahaan Sektor Energi dan Bahan Baku di Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 13(2), 269–288. https://doi.org/10.22219/jrak.v13i2.26629
Baltagi, B. H. (2016). Econometric Analysis of Panel Data. New York: John Wiley & Sons Ltd.
Basias, N., & Pollalis, Y. (2018). Quantitative and Qualitative Research in Business & Technology: Justifying a Suitable Research Methodology. Review of Integrative Business and Economics Research, 7(s1), 91–105.
Buniamin, S., Jaffar, R., Ahmad, N., & Johari, N. H. (2022). The Role of Corporate Governance in Achieving SDGs among Malaysian Companies. European Journal of Sustainable Development, 11(3), 326. https://doi.org/10.14207/ejsd.2022.v11n3p326
Cancela, B. L., Neves, M. E. D., Rodrigues, L. L., & Dias, A. C. G. (2020). The Influence of Corporate Governance on Corporate Sustainability: New Evidence using Panel Data in the Iberian Macroeconomic Environment. International Journal of Accounting & Information Management, 28(4), 785–806. https://doi.org/10.1108/IJAIM-05-2020-0068
Chams, N., & García-Bland, J. (2019). Sustainable or not sustainable? The role of the board of directors. Journal of Cleaner Production, 226, 1067–1081.
Chandrarin, G. (2017). Metode Riset Akuntansi Pendekatan Kuantitatif. Jakarta: Salemba Empat.
Chien, F. (2023). The role of corporate governance and environmental and social responsibilities on the achievement of sustainable development goals in Malaysian logistic companies. Economic Research-Ekonomska Istrazivanja , 36(1), 1610–1630. https://doi.org/10.1080/1331677X.2022.2090407
Claro, P. B. D. O., & Esteves, N. R. (2021). Sustainability-Oriented Strategy and Sustainable Development Goals. Marketing Intelligence & Planning, 39(4), 613–630. https://doi.org/10.1108/MIP-08-2020-0365.
Daniel-Vasconcelos, V., Ribeiro, M. de S., & Crisóstomo, V. L. (2022). Does Gender Diversity Moderate the Relationship between CSR committees and Sustainable Development Goals disclosure? Evidence from Latin American Companies. RAUSP Management Journal, 57(4), 434–456. https://doi.org/10.1108/RAUSP-02-2022-0063
Dihardjo, J. F., & Hersugondo, H. (2023). Exploring the Impact of ESG Disclosure, Dividend Payout Ratio, and Institutional Ownership on Firm Value: a Moderated Analysis of Firm Size. Jurnal Ekonomi, Bisnis Dan Kewirausahaan (JEBIK), 12(2), 184–207. https://doi.org/10.26418/jebik.v12i2.64129
Ditta, A. S. A., & Setiawan, D. (2019). Corporate governance in Indonesia: One decade perspective. Jurnal Keuangan Dan Perbankan, 23(1), 61–77. https://doi.org/10.26905/jkdp.v23i1.2182
Dosinta, N. F. (2021). Mekanisme Corporate Governance dan Risk Disclosures: Studi Pada Annual Report Bank Devisa di Indonesia. Jurnal Studi Akuntansi Dan Keuangan, 4(2), 273–288. https://doi.org/10.29303/akurasi.v4i2.124
Dosinta, N. F., Djafar, F., & Yantiana, N. (2022). The Role of Corporate Governance in Corporate Human Development Disclosures. Journal of Accounting Research, Organization and Economics, 5(3), 282–296. https://doi.org/10.24815/jaroe.v5i3.30933
Dosinta, N. F., Hamsyi, N. F., & Astarani, J. (2022). Kualitas Sustainability Reporting dalam Riset Pelaporan Korporat. AKUNTABILITAS, 16(2), 305–324. https://doi.org/10.29259/ja.v16i2.15881
Effendy, L., Zuhroyul, Z., & Isnawati, I. (2022). Determinasi Corporate Governance Terhadap Pengungkapan Corporate Social Responsibility (CSR) Tinjauan Pada Perusahaan Perbankan di Indonesia. Jurnal Kewarganegaraan, 6(3), 6095–6117.
Elalfy, A., Weber, O., & Geobey, S. (2021). The Sustainable Development Goals (SDGs): A Rising Tide Lifts All Boats? Global Reporting Implications in a Post SDGs World. Journal of Applied Accounting Research, 22(3), 557–575. https://doi.org/10.1108/JAAR-06-2020-0116.
Fadillah, H., Widyowati, M. P., & Nasution, Y. N. (2023). Sustainability Accounting Dalam Bentuk Model Biaya Dan Pengungkapan Akuntansi Lingkungan. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 9(1), 71–84. https://doi.org/10.34204/jiafe.v9i1.7240
Fanani, Z., & Alfiyanti, L. S. (2020). Effect of Board Gender, Political Connection, Military Experience, and Board Activity Toward Company Reputation. Jurnal Reviu Akuntansi Dan Keuangan, 10(2), 271. https://doi.org/10.22219/jrak.v10i2.12314
Girón, A., Kazemikhasragh, A., Cicchiello, A. F., & Panetti. (2020). Sustainability Reporting and Firms' Economic Performance: Evidence from Asia and Africa. Journal of the Knowledge Economy, 12, 1741–1759. https://doi.org/10.1007/s13132-020-00693-7.
Gujarati, D. N., & Porter, D. C. (2013). Basic Econometrics. New York: McGraw-Hill.
Gutiérrez-Ponce, H., & Wibowo, S. A. (2023). Sustainability Reports and Disclosure of the Sustainable Development Goals (SDGs): Evidence from Indonesian Listed Companies. Sustainability, 15(24), 16919. https://doi.org/10.3390/su152416919
Hakovirta, M., Denuwara, N., Bharathi, S., Topping, P., & Eloranta, J. (2020). The Importance of Diversity on Boards of Directors' Effectiveness and its Impact on Innovativeness in the Bioeconomy. Humanities and Social Sciences Communications, 7(1), 1–9. https://doi.org/10.1057/s41599- 020-00605-9.
Handajani, L., Husnan, L. H., & Pituringsih, E. (2022). Impacts of Sustainability Performance and Firm Characteristics on Risk and Corporate Value. Jurnal Economia, 18(2), 221–239. https://doi.org/10.21831/economia.v18i2.42883
Hausman, J. A. (1978). Specification tests in econometrics. ECONOMETRICA Journal of the Econometric Society, 46(6), 1251–1271. https://doi.org/10.2307/1913827
Helfaya, A., & Moussa, T. (2017). Do Board's Corporate Social Responsibility Strategy and Orientation Influence Environmental Sustainability Disclosure? UK Evidence. Business Strategy and the Environment, 26(8), 1061–1077. https://doi.org/10.1002/bse.1960
Hussain, N., Rigoni, U., & Orij, R. P. (2018). Corporate Governance and Sustainability Performance: Analysis of Triple Bottom Line Performance. Journal of Business Ethics, 149(2), 411–432. https://doi.org/10.1007/s10551-016-3099-5.
Husted, B. W., & de Sousa-Filho, J. M. (2019). Board structure and environmental, social, and governance disclosure in Latin America. Journal of Business Research, 102, 220–227. https://doi.org/10.1016/j.jbusres.2018.01.017
IDX. (2022a). Good Corporate Governance. https://www.idx.co.id/StaticData/NewsAndAnnouncement/ANNOUNCEMENTSTOCK/From_EREP/202303/843133e4d0_9e988f722c.pdf
IDX. (2022b). Sembilan Program CSR ANTAM Raih Indonesian SDGs Award 2022. PT. Antam Tbk. https://www.idx.co.id/StaticData/NewsAndAnnouncement/ANNOUNCEMENTSTOCK/From_EREP/202211/8a8c10687f_68178c4383.pdf
Jamil, A., Ghazali, N. A. M., & Nelson, S. P. (2020). The Influence of Corporate Governance Structure on Sustainability Reporting in Malaysia. Social Responsibility Journal, 17(8), 1251–1278. https://doi.org/10.1108/SRJ-08-2020-0310.
Jaringan Advokasi Tambang. (2020). Catatan Akhir Tahun 2020 & Proyeksi 2021. https://www.jatam.org/wp-content/uploads/2021/07/Laporan-JATAM-Catatan-Akhir-Tahun-2020-dan-Proyeksi-2021.pdf
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firms: Managerial Behaviour, Agency Costs And Ownership Structure. Journal of Financial Economics, 3(4), 305–360.
Kementerian PPN/BAPPENAS. (2021). Laporan Voluntary National Review (VNR) Indonesia2021. https://sdgs.bappenas.go.id/laporan-voluntary-national-review-vnr-indonesia-2021/
Kend, M. (2015). Governance, Firm-Level Characteristics and their Impact on the Client's Voluntary Sustainability Disclosures and Assurance Decisions. Sustainability Accounting, Management and Policy Journal, 6(1), 54–78. https://doi.org/10.1108/SAMPJ-12-2013-0061
Khairiyani, K. (2018). Bagaimana Tata Kelola Internal Perusahaan Pertambangan? Jurnal Akuntansi Multiparadigma, 9(2), 365–376. https://doi.org/10.18202/jamal.2018.04.9022
Kiliç, M., Kuzey, C., & Uyar, A. (2015). The impact of ownership and board structure on Corporate Social Responsibility (CSR) reporting in the Turkish banking industry. Corporate Governance, 15(3), 357–374. https://doi.org/10.1108/cg-02-2014-0022
Majeed, S., Aziz, T., & Saleem, S. (2015). The effect of corporate governance elements on corporate social responsibility (Csr) disclosure: An empirical evidence from listed companies at kse Pakistan. International Journal of Financial Studies, 3(4), 530–556. https://doi.org/10.3390/ijfs3040530
Manita, R., Bruna, M. G., Dang, R., & Houanti, L. (2018). Board Gender Diversity and ESG Disclosure: Evidence from the USA. Journal of Applied Accounting Research, 19(2), 206–224. https://doi.org/10.1108/ JAAR-01-2017-0024.
Martins, F. P., Batalhão, A. C. S., Ahokas, M., Liboni Amui, L. B., & Cezarino, L. O. (2023). Rethinking sustainability in cocoa supply chain in light of SDG disclosure. Sustainability Accounting, Management and Policy Journal, 14(7), 258–286. https://doi.org/10.1108/SAMPJ-03-2022-0132
Masud, M. A. K., Nurunnabi, M., & Bae, S. M. (2018). The Effects of Corporate Governance on Environmental Sustainability Reporting: Empirical Evidence from South Asian Countries. Asian Journal of Sustainability and Social Responsibility, 3(1), 1–26. https://doi.org/10.1186/s41180-018-0019-x.
Ministry of Investment/BKPM. (2021). Laporan Kinerja Kementerian Investasi/Badan Koordinasi Penanaman Modal Tahun 2021 (Issue 44). https://ppid.bkpm.go.id/wp-content/uploads/2022/09/LAKIN-Kem-InvestasiBKPM-Tahun-2021.pdf
Mudiyanselage, N. C. S. R. (2018). Board involvement in corporate sustainability reporting: evidence from Sri Lanka. Corporate Governance: The International Journal of Business in Society, 18(6), 1042–1056. https://doi.org/10.1108/cg-10-2017-0252
Pizzi, S., Rosati, F., & Venturelli, A. (2021). The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score. Business Strategy and the Environment, 30(1), 404–421. https://doi.org/10.1002/bse.2628
Rahmah, A., Wardani, D. A. K., Tyas, P. S. A., & Wijayani, D. I. L. (2024). Sustainability Reporting in Indonesian Oil and Gas Companies: Formalities or Awareness? Owner, 8(1), 760–768. https://doi.org/10.33395/owner.v8i1.1857
Rizki, T., & Widjaja, A. (2023). Green Corporate Social Responsibility and Sustainable Development Goals Disclosure : The Role of Female Board of Directors. Maksimum: Media Akuntansi Universitas Muhammadiyah Semarang, 13(2), 164–172. https://doi.org/10.26714/mki.13.2.2023.164-172
Rosati, F., & Faria, L. G. D. (2019). Addressing the SDGs in sustainability reports: The relationship with institutional factors. Journal of Cleaner Production, 215, 1312–1326. https://doi.org/10.1016/j.jclepro.2018.12.107
Saidat, Z., Silva, M., & Seaman, C. (2019). The relationship between corporate governance and financial performance: Evidence from Jordanian family and nonfamily firms. Journal of Family Business Management, 9(1), 54–78. https://doi.org/http://dx.doi.org/10.1108/JFBM-11-2017-0036
Sekarlangit, L. D., & Wardhani, R. (2021). The effect of the characteristics and activities of the board of directors on Sustainable Development Goal (SDG) disclosures: Empirical evidence from southeast asia. Sustainability (Switzerland), 13(14), 8007. https://doi.org/10.3390/su13148007
Setyawan, W., Tanzil, N. D., & Rosdin, D. (2022). Pengaruh Karakteristik Tata Kelola Perusahaan terhadap Pengungkapan Dukungan SDGS Dalam Laporan Keberlanjutan. Jurnal Akuntansi Aktual, 9(1), 15–24. https://doi.org/10.17977/um004v9i12022p015
Sustainable Development Report. (2023). Ranking SDGs. https://dashboards.sdgindex.org/rankings
Tjahjadi, B., Soewarno, N., & Mustikaningtiyas, F. (2021). Good Corporate Governance and Corporate Sustainability Performance in Indonesia: A Triple Bottom Line Approach. Heliyon, 7(3), 1–11. https://doi.org/10.1016/j.heliyon.2021.e06453
Utami, P., & Gandakusuma, I. (2023). Sustainability'S Influence on Energy Firm Performance: an ESG Perspective. Jurnal Aplikasi Akuntansi, 8(1), 207–221. https://doi.org/10.29303/jaa.v8i1.304
Wahyuni, W., Yulianto, Y., Maulidianti, A., Dosinta, N. F., & Yunita, K. (2023). Determinan Manajemen Laba Pada Perusahaan Pariwisata, Hotel, Dan Restoran. Jurnal Riset Akuntansi Aksioma, 22(2), 189–201. https://doi.org/10.29303/aksioma.v22i2.227
Zampone, G., Nicolò, G., Sannino, G., & De Iorio, S. (2022). Gender diversity and SDG disclosure: the mediating role of the sustainability committee. Journal of Applied Accounting Research, ahead-of-p(ahead-of-print). https://doi.org/10.1108/JAAR-06-2022-0151
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Nina Febriana Dosinta, Erni Panca Kurniasih, Metasari Kartika , Gita Leorinita
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
