Disclosures on Environmental Sustainability Issues based on Regulation and GRI

Abstract

Sustainability reports are a medium for
companies to expose their seriousness in
addressing environmental issues.
Companies, especially those listed on the
Indonesia Stock Exchange, are required
by OJK through POJK 51 to present a
sustainability report. This study analyzed
energy sector companies listed on the
Stock Exchange as a sample. As a result,
there were nine companies included in the
analysis. This study implemented content
analysis. Eight main keywords will be used
to analyze the sustainability report. The
research compared the extent of the
sustainability report under POJK 51 and
the adequacy of its scope based on the
GRI series 300. The data was limited to
reports from 2020 since the
implementation of POJK 51 was started
effectively as of January 1, 2020. The
results showed that all the analyzed
companies had prepared the sustainability
report, but the report's contents were not
entirely followed POJK 51 and GRI series
300.