Pengaruh Pengungkapan Sustainability Report terhadap Kinerja Keuangan dan Nilai Perusahaan pada Perusahaan Sektor Energi

Abstract

Sustainability development goals mendorong perusahaan untuk memasukkan tanggung jawab sosial dan lingkungan dalam operasional perusahaan melalui penyusunan sustainability report. Tujuan penelitian untuk menganalisis pengaruh pengungkapansustainability reportterhadap kinerja keuangan dan nilai perusahaan pada perusahaan sektor energi. Penelitian ini menggunakan metode kuantitatif dan data diperoleh dari data sekunder berupa annual report dan sustainability report selama periode 2019-2023. Penelitian dilakukan dari Bulan Januari-September 2025 secara daring. Analisis data menggunakan regresi data panel. Hasil penelitian menunjukkan bahwa pengungkapan sustainability report berpengaruh signifikan positif terhadap kinerja keuangan yang diproksikan dengan return on assets, namun tidak berpengaruh signifikan terhadap kinerja keuangan yang diproksikan dengan return on equity dan nilai perusahaan yang diproksikan dengan price to book value. Implikasi manajerialnya, perusahaan dapat menyelaraskan tujuan panjang perusahaan dengan tujuan keberlanjutan pada aspek ekonomi, sosial, dan lingkungan.

Sustainability development goals encourage companies to incorporate social and environmental responsibility into their operations through the preparation of sustainability reports. This is one way to hold companies accountable. The purpose of this study was to analyze the effect of sustainability report disclosure on financial performance and company value in the energy sector. This study employed a quantitative method, with data sourced from secondary data in the form of annual reports and sustainability reports for the period 2019–2023. This research was conducted online from January to September2025. Data analysis utilized panel data regression. The results indicated that sustainability report disclosure had a significant positive impact on financial performance, as proxied by return on assets, but did not significantly affect financial performance, as proxied by return on equity, or company value, as proxied by price-to-book value. The managerial implication was that companies could align their long-term objectives with sustainability goals in the economic, social, and environmental aspects.