THE EFFECT OF PROFITABILITY, FIRM SIZE, AND CORPORATE GOVERNANCE ON SUSTAINABILITY REPORT DISCLOSURE IN ENERGY SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2021-2024 PERIOD

Abstract

This study aims to analyze the effect of profitability, firm size, independent commissioners, and audit committees on sustainability report disclosure in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2024 period. A quantitative approach was employed using secondary data obtained from companies’ annual reports and sustainability reports published on the official websites of IDX and the respective companies. The sampling technique used was purposive sampling, resulting in a total of 24 companies as research samples. The data were analyzed using panel data regression and processed using EViews version 13. The results show that firm size has a significant effect on sustainability report disclosure. In contrast, profitability, independent commissioners, and audit committees do not have a significant effect on sustainability report disclosure. These findings are in line with legitimacy theory, particularly in explaining the role of firm size in influencing sustainability report disclosure, and provide additional empirical evidence for further research in the field of sustainability reporting. This research may serve as a reference for future studies related to sustainability report disclosure, and it may also provide insights for investors and companies in understanding the factors that influence the disclosure of sustainability reports.