The Effect of Financial Performance on Sustainability Report Disclosure in Supporting the SDGs in Energy Sector Companies Listed on the Indonesia Stock Exchange during 2022–2024
Kata Kunci:
Return on Assets, Current Ratio, Debt to Equity Ratio, Sustainability Report, SDGs, energy sectorAbstrak
This study aims to analyze the effect of financial performance on sustainability report (SR) disclosure in supporting the achievement of the Sustainable Development Goals (SDGs) among energy sector companies listed on the Indonesia Stock Exchange during the 2022–2024 period. Financial performance was measured using Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER). This study employed a quantitative approach using secondary data obtained from companies’ annual reports and sustainability reports. The sample was selected using purposive sampling, resulting in 17 energy sector companies as the research sample. Data were analyzed using panel data regression. The results show that ROA has a significant positive effect on SR disclosure, indicating that companies with higher profitability tend to have greater capacity to implement and report sustainability practices. CR has a significant negative effect on SR disclosure, suggesting that high liquidity is not always followed by greater sustainability transparency. DER has a significant positive effect on SR disclosure, indicating that companies with higher leverage tend to increase sustainability disclosure to maintain the trust of creditors and stakeholders. Simultaneously, ROA, CR, and DER have a significant effect on SR disclosure, with a coefficient of determination of 71.2%. These findings indicate that financial performance is associated with the level of SR disclosure among energy companies, although the interpretation of the results should consider the limitations of the sample, research period, and consistency in panel data model selection.
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Hak Cipta (c) 2026 Thata Surya Pramisty, Sonia Maulina Suharto, Elysabeth Putri Pamungkas, Hasna Afifah (Penulis)
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