Dampak Kinerja Keuangan Dan Keragaman Dewan terhadap Pengungkapan Laporan Keberlanjutan

Abstract

This study aims to examine the influence of financial performance and board diversity on sustainability report disclosures. The research employs a purposive sampling technique, gathering data from 125 companies listed on the Indonesia Stock Exchange (IDX) that disclosed sustainability reports over a six-year period, from 2017 to 2022. The sustainability reports are evaluated using the 2016 GRI Standards, comprising a total of 77 items, with each item assigned a value of one if disclosed. Financial performance is measured by return on assets (ROA), return on equity (ROE), and Tobin's Q, while board diversity is represented by variables such as board gender, board independence, and board education. The findings reveal that financial performance, board gender, and board independence significantly and positively influence the disclosure of sustainability reports. However, board education does not have a significant impact. The results suggest that strong financial performance reflects effective management and accountability to stakeholders, which in turn promotes greater sustainability disclosures. The presence of women in leadership roles may drive companies to engage in more extensive voluntary disclosures, and a higher proportion of independent board members likely enhances the strategic focus on sustainability issues. Conversely, diversity in educational backgrounds does not appear to sufficiently motivate management to prioritize social and environmental considerations.