Implementation of Environmental, Social and Governance (ESG) Reporting in Public Company Financial Accounting Practices
DOI:
https://doi.org/10.62872/2tfenh94Keywords:
ESG reporting, financial accounting, public companies, sustainabilityAbstract
This study aims to analyze the implementation of Environmental, Social, and Governance (ESG) reporting in the financial accounting practices of public companies in Indonesia. The focus of the study is directed at how companies integrate ESG aspects into financial reports and identify the driving factors and barriers to its implementation. The research method used is qualitative with a descriptive approach, through in-depth interviews, documentation studies, and thematic analysis of public companies that have implemented ESG reporting. The results show that most public companies in Indonesia still place ESG reporting separately in their sustainability reports and have not fully integrated it into their financial reports. The main factors driving ESG implementation include OJK regulations, global investor demands, and management awareness of business sustainability. The obstacles encountered include the lack of standard accounting standards, limited human resources, and additional reporting costs. This study emphasizes the need to develop more comprehensive accounting reporting standards so that ESG can be consistently integrated into the financial accounting practices of public companies.
Downloads
References
Ardiana, P. A., Diantini, N. N. A., Sudirman, I. M. S. N., Sudana, I. P. G., Putri, N. P. A. W., & Yanthi, K. D. L. (2025). Institutional work in making sustainability reporting mandatory in Indonesia through sustainable finance. Journal of Accounting in Emerging Economies, 15(3), 645–669. https://doi.org/10.1108/JAEE-02-2024-0088
Arifin, S. (2024). Analisis Dampak Pengungkapan Sustainability Reporting Terhadap Kepercayaan Investor. Jurnal Ekonomi Dan Bisnis, 4(1), 213–220. https://doi.org/10.56145/jurnalekonomidanbisnis.v4i1.285
Arvidsson, S., & Dumay, J. (2022). Corporate ESG reporting quantity, quality and performance: Where to now for environmental policy and practice? Business Strategy and the Environment, 31(3), 1091–1110. https://doi.org/10.1002/bse.2937
Aureli, S., Del Baldo, M., Lombardi, R., & Nappo, F. (2020). Nonfinancial reporting regulation and challenges in sustainability disclosure and corporate governance practices. Business Strategy and the Environment, 29(6), 2392–2403. https://doi.org/10.1002/bse.2509
Chelsya, C. (2025). Peran Moderasi Audit Quality: Hubungan antara Sustainability Reporting dan Keberlanjutan Kinerja Perusahaan. Advances in Management & Financial Reporting, 3(3), 252–271. https://doi.org/10.60079/amfr.v3i3.526
Darnall, N., Ji, H., Iwata, K., & Arimura, T. H. (2022). Do ESG reporting guidelines and verifications enhance firms’ information disclosure? Corporate Social Responsibility and Environmental Management, 29(5), 1214–1230. https://doi.org/10.1002/csr.2265
Dela Wahyu Putri Awanda & Ida Bagus Ketut Bayangkara. (2025). Akuntansi Keberlanjutan dan Pengungkapan ESG pada PT Unilever Indonesia dan PT Pertamina sebagai Perusahaan Pemenang ASRRAT. Journal of Business, Finance, and Economics (JBFE), 6(1), 15–25. https://doi.org/10.32585/jbfe.v6i1.6554
Durlista, M. A., & Wahyudi, I. (2023). Pengaruh Pengungkapan Environmental, Social dan Governance (ESG) terhadap Kinerja Perusahaan pada Perusahaan Sub Sektor Pertambangan Batu Bara Periode 2017-2022. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(3), 210–232. https://doi.org/10.31955/mea.v7i3.3327
Fadhilah, A. N., Re Falda, T. A., Anggraini, E. S., Putri, A. M., Deabona Sanjaya, C. N., Sari, F. A., & Hidayat N, R. (2025). Aspek Akuntansi dalam Perencanaan dan Pengembangan Bisnis. Jurnal Akuntansi, Manajemen, Dan Perencanaan Kebijakan, 2(4), 9. https://doi.org/10.47134/jampk.v2i4.740
Fajarina, A., & Soeratin, H. Z. (2025). Optimalisasi Kerangka ESG (Environment, Social, Governance) Sebagai Strategi Mitigasi Risiko Dan Peluang Berkelanjutan Bisnis Perusahaan. Jurnal Kewirausahaan, Akuntansi dan Manajemen Tri Bisnis 6(2). https://doi.org/10.59806/tribisnis.v6i2.476
Farhan, Moh. (2024). Keseimbangan Risiko dan Imbal Hasil dalam Strategi Investasi Berkelanjutan: Pendekatan Integratif terhadap Faktor Lingkungan, Sosial, dan Tata Kelola Perusahaan (ESG). Currency: Jurnal Ekonomi Dan Perbankan Syariah, 2(2), 243–264. https://doi.org/10.32806/p53yhw31
Hakim, M. T., & Fuad, F. (2024). Impact of ESG Regulations on Sustainable Business Practices: Evidence from Indonesia. Jurnal Akuntansi dan Auditing, 21(2), 247–253. https://doi.org/10.14710/jaa.21.2.247-253
Hidajat, N. C., Abigail, T. E., & Terence, W. (2025). Persepsi Mahasiswa Akuntansi Terhadap Pelaporan Keberlanjutan Perusahaan di Indonesia. Advances in Management & Financial Reporting, 3(3), 272–288. https://doi.org/10.60079/amfr.v3i3.527
I Dewa Ayu Eka Pertiwi, Putu Yudha Asteria Putri, & I Gusti Ayu Ratih Permata Dewi. (2024). Analisis Sustainability Reporting Sebelum dan Sesudah Penerapan Standar Global Reporting Initiative (GRI) 2021. EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi, 4(1), 2588–2609. https://doi.org/10.56799/ekoma.v4i1.6185
Junanda, L. R. (2024). Implementasi ESG (Environmental, Social, and Governance) dan Peran Akuntansi dalam Mendukung Keberlanjutan Bisnis di Era Digital. Ilmu Ekonomi Manajemen Dan Akuntansi, 5(2), 599–610. https://doi.org/10.37012/ileka.v5i2.2434
Kandpal, V., Jaswal, A., Santibanez Gonzalez, E. D. R., & Agarwal, N. (2024). Corporate Social Responsibility (C.S.R.) and E.S.G. Reporting: Redefining Business in the Twenty-First Century. In V. Kandpal, A. Jaswal, E. D. R. Santibanez Gonzalez, & N. Agarwal, Sustainable Energy Transition (pp. 239–272). Springer Nature Switzerland. https://doi.org/10.1007/978-3-031-52943-6_8
Khelil, I., & Khlif, H. (2022). Internal auditors’ perceptions of their role as assurance providers: A qualitative study in the Tunisian public sector. Meditari Accountancy Research, 30(1), 121–141. https://doi.org/10.1108/MEDAR-04-2020-0861
Landau, A., Rochell, J., Klein, C., & Zwergel, B. (2020). Integrated reporting of environmental, social, and governance and financial data: Does the market value integrated reports? Business Strategy and the Environment, 29(4), 1750–1763. https://doi.org/10.1002/bse.2467
Mubin, M., Utami, E. W., & Muhsyaf, S. A. (2023). Tren Penelitian Implementasi Prinsip ESG dalam Praktik Akuntansi: Systematic Literature Review. Jurnal Sosial Ekonomi dan Humaniora, 9(3), 377–380. https://doi.org/10.29303/jseh.v9i3.376
Muna Mumtazah Hutagalung, Cut Afra Bilza, Putri Nailaturrachmah, Amara Balqis, Inayati Ulya, Nisa Naifah, & Syukriy Abdullah. (2025). Mengevaluasi Standar Pelaporan Keberlanjutan dalam Mendukung dan Menerapkan SDGS: A Systematic Literature. Jurnal Akuntansi, Keuangan, Perpajakan Dan Tata Kelola Perusahaan, 2(4), 1150–1158. https://doi.org/10.70248/jakpt.v2i4.2265
Purnomo, E. P., Imam, M. N., Prabawa, W. G., & Khairunnisa, T. (2025). Environmental, social, and governance (ESG) regulator quality among Southeast Asia country. 020001. https://doi.org/10.1063/5.0279559
Rismanto, R. (2024). Penerapan ESG (Environmental, Social, Governance) dalam Strategi Investasi Keuangan. Jurnal Investasi Islam, 5(1), 601–616. https://doi.org/10.32806/ivi.v5i1.186
Schoenmaker, D., & Schramade, W. (2019). Investing for long-term value creation. Journal of Sustainable Finance & Investment, 9(4), 356–377. https://doi.org/10.1080/20430795.2019.1625012
Silvera, D. L., Heriyani, & Sahara. (2024). Tata Kelola Perusahaan dan Tanggung Jawab Sosial Perusahaan: Tinjauan atas Pengaruhnya terhadap Penghindaran Pajak dan Praktik Manajemen Laba. Jurnal Akademi Akuntansi Indonesia Padang, 4(1), 35–53. https://doi.org/10.31933/5dz3ke89
Sri Fitriani & Putu Sri Arta Jaya Kusuma. (2024). Analisis Komparatif Praktik Akuntansi pada Perusahaan Multinasional: Studi Kasus Laporan Keuangan Perusahaan Terdaftar di Bursa Efek Indonesia. Akuntansi '45, 5(2), 29–51. https://doi.org/10.30640/akuntansi45.v5i2.3336
Tarczynska-Luniewska, M., Maciukaite-Zviniene, S., Nareswari, N., & Ciptomulyono, U. (2024). Analysing the Complexity of ESG Integration in Emerging Economies: An Examination of Key Challenges. In S. Grima, D. Maditinos, G. G. Noja, J. Stankevičienė, M. Tarczynska-Luniewska, & E. Thalassinos (Eds.), Contemporary Studies in Economic and Financial Analysis (pp. 41–60). Emerald Publishing Limited. https://doi.org/10.1108/S1569-375920240000116004
Zulkarnain, Z. (2022). Pengungkapan Lingkungan, Sosial, dan Tata Kelola Perusahaan Peraih Environmental, Social, and Governance Disclosure Award 2021. Cakrawala Repositori IMWI, 5(2), 207–226. https://doi.org/10.52851/cakrawala.v5i2.130
Downloads
Additional Files
Published
Issue
Section
License
Copyright (c) 2025 Deny Purwo Sambodo (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
