Quality of Sustainability Reporting in the Transport and Logistics Sector in companies listed on the IDX 2021–2024

Suci Ramadhani; Mukhzarudfa Mukhzarudfa; Wiwik Tiswiyanti; Ratih Kusumastuti

doi:10.55927/eajmr.v5i5.144

Authors

Suci Ramadhani Universitas Jambi
Mukhzarudfa Mukhzarudfa Universitas Jambi
Wiwik Tiswiyanti Universitas Jambi
Ratih Kusumastuti Universitas Jambi

DOI:

https://doi.org/10.55927/eajmr.v5i5.144

Keywords:

sustainability reporting, ESG, GRI, IDX, institutional theory

Abstract

This study analyzes the quality of sustainability reporting in the transportation and logistics sector among companies listed on the Indonesia Stock Exchange (IDX) for the period 2021–2024. Using a descriptive quantitative approach with purposive sampling technique, four companies were selected as samples: PT Garuda Indonesia (Persero) Tbk (GIAA), PT Mitra Investindo Tbk (MITI), PT Mineral Sumberdaya Mandiri Tbk (AKSI), and PT Adi Sarana Armada Tbk (ASSA). ESG disclosure quality was measured using 114 GRI indicators covering the Environmental (E), Social (S), and Governance (G) dimensions with a binary scoring method. The results indicate that ASSA demonstrated the highest ESG quality overall, GIAA showed the most significant improvement, MITI achieved the Good category from 2022 onward and remained stable, while AKSI consistently remained in the Poor to Sufficient category. These findings support institutional theory.

References

Andrikopoulos, A., Samitas, A., dan Bekiaris, M. (2014). Corporate social responsibility reporting in financial institutions: evidence from Euronext. Research in International Business and Finance, Vol. 32, pp. 27–35.

Bonifacio Neto, J. dan Branco, M.C. (2019). Controversial sectors in banks' sustainability reporting. International Journal of Sustainable Development and World Ecology, Vol. 26 No. 6, pp. 495–505.

Bursa Efek Indonesia. (2023). Penjelasan Nilai ESG. Tersedia di: https://www.idx.co.id/id/perusahaan-tercatat/penjelasan-nilai-esg/

DiMaggio, P.J. dan Powell, W.W. (1983). The iron cage revisited: institutional isomorphism and collective rationality in organizational fields. American Sociological Review, Vol. 48 No. 2, pp. 147–160.

Dong, S. dan Xu, L. (2016). The impact of explicit CSR regulation: evidence from China's mining firm. Journal of Applied Accounting Research, Vol. 17 No. 2, pp. 237–258.

Dong, S., Xu, L., dan McIver, R. (2021). China's financial sector sustainability and green finance disclosures. Sustainability Accounting, Management and Policy Journal, Vol. 12 No. 2, pp. 353–384.

Global Reporting Initiative. (2021). GRI Universal Standards 2021. Amsterdam: GRI.

Khan, H.Z., Bose, S., Mollik, A.T., dan Harun, H. (2021). Green washing or authentic effort? Accounting, Auditing and Accountability Journal, Vol. 34 No. 2, pp. 338–369.

Lock, I. dan Seele, P. (2015). Analyzing sector-specific CSR reporting. Corporate Social Responsibility and Environmental Management, Vol. 22 No. 2, pp. 113–128.

PT Adi Sarana Armada Tbk. (2021–2024). Laporan Keberlanjutan. Jakarta: ASSA.

Rowe, A.L. dan Guthrie, J. (2010). The Chinese government's formal institutional influence on corporate environmental management. Public Management Review, Vol. 12 No. 4, pp. 511–529.

Sekaran, U. (2003). Research Methods for Business: A Skill Building Approach (4th ed.). John Wiley & Sons.

Shabana, K.M., Buchholtz, A.K., dan Carroll, A.B. (2017). The institutionalization of corporate social responsibility reporting. Business and Society, Vol. 56 No. 8, pp. 1107–1135.

UNEP Finance Initiative. (2015). The principles for positive impact finance. Geneva: UNEP FI.

Weber, O. (2014). The financial sector's impact on sustainable development. Journal of Sustainable Finance and Investment, Vol. 4 No. 1, pp. 1–8.

Zhao, N. dan Patten, M.D. (2016). An exploratory analysis of managerial perceptions of social and environmental reporting in China. Sustainability Accounting, Management and Policy Journal, Vol. 7 No. 1, pp. 80–98.