Evaluating Green Finance, Climate Change Disclosure and Crisis Period Income on CSR Disclosure Using Panel Data Regression
DOI:
https://doi.org/10.31603/conference.17386Keywords:
climate change disclosure, green finance, crisis period income, CSR disclosure, energy companiesAbstract
This study examines the effects of climate change disclosure, green finance, and crisis-period income on Corporate Social Responsibility (CSR) disclosure in energy companies listed on the Indonesia Stock Exchange during 2020–2023. The research was conducted in response to increasing pressure on high-carbon industries to improve transparency and environmental accountability. This study employs a quantitative approach, using panel data regression analysis, with secondary data from annual and sustainability reports of energy companies. The analysis includes descriptive statistics, panel-data model selection tests, classical assumption tests, and Random Effects Model (REM) regression analysis using EViews 13. The findings indicate that climate change disclosure has a positive and significant effect on CSR disclosure, whereas green finance and crisis-period income do not significantly affect CSR disclosure. These results suggest that climate transparency plays a major role in strengthening corporate sustainability reporting practices in the energy sector. The study contributes to the sustainability accounting and ESG disclosure literature by providing empirical evidence from emerging markets, particularly Indonesia's energy industry. The novelty of this research lies in integrating climate change disclosure, green finance, and crisis-period income within a single panel-data model, focusing on high-carbon industries during the post-crisis period. The study implies that energy companies should enhance climate transparency to maintain legitimacy, stakeholder trust, and their commitment to sustainability.
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