KORESPONDENSI_Early adopters of climate-related disclosures: Evidence from Indonesia

Abstract

Since the global warming issue has emerged, environmental stakeholders have become more aware of a company's environmental impact and have made the company's environmental performance a critical factor in deciding their investment. The purpose of this study is to see how environmental performance, environmental costs, and profitability affect firm value by using greenhouse gas emissions disclosure as a moderating variable. Data are collected from the energy sector companies listed on the Indonesia Stock Exchange for the 2016–2020 period. The result of this study show that many companies still have not disclose their environmental performance management practices. This study provides a new perspective on the company's efforts to protect the environment by paying attention to every aspect and policy, which is advantageous not only to the environment and society in general but also to the company itself.