SDGS DISCLOSURE AND FINANCIAL PERFORMANCE: POINTS OF VIEW FROM GENDER DIVERSITY, CSR AND INDUSTRIAL SENSITIVITY

Khairina Nur Izzaty, Taufiq Andre Setiyono, Angie Marsha Putri, Iffa Dania Hamzah

Abstract

This study aims to examine the factors that are thought to encourage companies to disclose sustainable development goals (SDGs) in their sustainability reports and examine the impact of disclosing SDGs on the company's financial performance. Using a population of companies listed on the Indonesia Stock Exchange and carrying out sustainability reporting, the sample used in this study was 146 firm-years after being eliminated using a purposive sampling method. Quantitative research data was then processed using SPSS 26 software, using two multiple linear regression models. The statistical results show that for the first model, board of directors gender diversity has a significant negative effect on SDGs disclosure, CSR committee and industry sensitivity have a positive effect on SDGs disclosure, while board of directors and commissioners gender diversity and company size have no significant effect on SDGs disclosure. In the second model it is known that the disclosure of SDGs by the company is not able to significantly influence the company's financial performance.

Full Text:

PDF

References

Amran, A., Lee, S. P., & Devi, S. S. (2014). The Influence of Governance Structure and Strategic Corporate Sosial Responsibility Toward Sustainability Reporting Quality. Business Strategy and The Environment, 4.

Arifianti, N. P., & Widianingsih, L. P. (2022). Kualitas Pengungkapan Sustainable Development Goals (SDGs) dan Kinerja Keuangan: Bukti Empiris atas Perusahaan Pertambangan di Indonesia. Akuntansi Dewantara, 6(3), 68–78.

Endrikat, J., Guenther, E., & Hoppe, H. (2014). Making sense of conflicting empirical findings: A meta-analytic review of the relationship between corporate environmental and financial performance. European Management Journal, 32.

Farida, A. L. (2022). Pengujian kinerja keuangan: Sustainable development goals sebagai intervening di Bursa Efek Indonesia. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(10), 4790–4796. https://doi.org/10.32670/fairvalue.v4i10.1650

Farida, D. N. (2019). Pengaruh Diversitas Gender Terhadap Pengungkapan Sustainability Development Goals. Jurnal Akuntansi Indonesia, 8(2), 89. https://doi.org/10.30659/jai.8.2.89-107

Fuente, J. A., Garcia-Sanchez, I. M., & Lozano, M. B. (2017). The Role of The Board of Directors in The Adoption of GRI Guidelines for The Disclosure of CSR Information. Journal of Cleaner Production, 141.

Gray, R., Owen, D., & Adams, C. (1996). Changes and Challenges in Corporate Social and Environmental Reporting. In Accounting and Accountability. Prentice-Hall.

Haywood, L. K., & Boihang, M. (2021). Business and the SDGs: Examining the early disclosure of the SDGs in annual reports. Development Southern Africa, 38(2), 175–188. https://doi.org/10.1080/0376835X.2020.1818548

Peraturan Presiden Republik Indonesia Nomor 59 Tahun 2017 Tentang Pelaksanaan Pencapaian Tujuan Pembangunan Berkelanjutan, LL SETKAB 1 (2017). https://www.oecd.org/dac/accountable-effective-institutions/Governance Notebook 2.6 Smoke.pdf

Undang-Undang Republik Indonesia Nomor 40 Tahun 2007 Tentang Perseroan Terbatas, LL SETNEG 1 (2007). http://digilib.unila.ac.id/4949/15/BAB II.pdf

Izzo, M., Ciaburri, M., & Tiscini, R. (2020). The challenge of sustainable development goal reporting: The first evidence from Italian listed companies. Sustainability, 12.

Lawati, H. Al, & Hussainey, K. (2022). Does Sustainable Development Goals Disclosure Affect Corporate Financial Performance? Sustainability (Switzerland), 14(13), 1–14. https://doi.org/10.3390/su14137815

Liao, L., Luo, L., & Tang, Q. (2015). Gender Diversity, Board Independence, Environmental Committee and Greenhouse Gas Disclosure. The British Accounting Review, 47(4), 409–424.

Nicolò, G., Aversano, N., Sannino, G., & Tartaglia Polcini, P. (2022). Online sustainability disclosure practices in the university context. The role of the board of directors. Corporate Governance (Bingley). https://doi.org/10.1108/CG-05-2022-0224

Nicolò, G., Zampone, G., Sannino, G., & De Iorio, S. (2022). Sustainable corporate governance and non-financial disclosure in Europe: does the gender diversity matter? Journal of Applied Accounting Research, 23(1), 227–249. https://doi.org/10.1108/JAAR-04-2021-0100

Said, S. N. R., & Ridwan, R. A. (2022). Peran Diversitas Gender Dalam Pengungkapan Sustainibility Development Goals Pada Perusahaan Pertambangan Yang Terdaftar Di BEI. Jurnal Mirai Management, 7(3), 321–329. https://doi.org/10.37531/mirai.v7i3.3467

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). https://doi.org/10.3390/su13148007

UNDP. (2023). The SDGs in Action. Undp.Org. https://www.undp.org/sustainable-development-goals

United Nations. (2020). Take Action for The Sustainable Development Goals. Un.Org. https://sdgs.un.org/goals

Wahyuningrum, I. F. S., Oktavilia, S., & Utami, S. (2022). The Effect of Company Characteristics and Gender Diversity on Disclosures Related to Sustainable Development Goals. Sustainability (Switzerland), 14(20), 1–13. https://doi.org/10.3390/su142013301

Wang, J., Song, L., & Yao, S. (2013). The Determinants Of Corporate Social Responsibility Disclosure: Evidence From China. Journal of Applied Business Responsibility, 29.

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. https://doi.org/10.1108/JAAR-06-2022-0151

Refbacks

  • There are currently no refbacks.