scholarly journals Exploring Sustainability Reports in The Indonesian Palm Oil Industry

2021 ◽  
Vol 1 (1) ◽  
pp. 77-94
Author(s):  
Nurhayati Soleha ◽  
Rita Rosiana
Keyword(s):  
Palm Oil ◽  
Stock Exchange ◽  
Sustainability Reporting ◽  
Oil Industry ◽  
Relevant Information ◽  
Oil Companies ◽  
Environmental Disclosures ◽  
Sustainability Reports ◽  
Sustainability Initiatives

The purpose of this study is to assess the quality and maturity of sustainability reports of palm oil companies listed on the Indonesia Stock Exchange (IDX).  The findings indicate that there are few differences in the maturity levels of palm oil companies in implementing sustainability reporting based on GRI standards and the maturity sustainability reporting at a moderate level of relevant information. The majority of disclosure of sustainability reports is general disclosures and less present in economic and environmental disclosures. Companies need to improve the quality of their sustainability reporting and strengthen the validity of the measurement. Sustainability reports have the potential to improve the sustainability agenda by allowing management and shareholders to make more informed decisions about sustainability initiatives.

scholarly journals The effect of COVID-19 in European union on the performance of Indonesian publicly listed palm oil companies

Accounting ◽  
2021 ◽  
pp. 801-808
Author(s):  
Hansen Tandra ◽  
Arif Imam Suroso ◽  
Mukhamad Najib ◽  
Yusman Syaukat
Keyword(s):  
European Union ◽  
Palm Oil ◽  
Stock Exchange ◽  
Oil Industry ◽  
The European Union ◽  
Oil Companies ◽  
Industry Performance ◽  
Oil Palm Industry ◽  
The Impact

One of the leading industries that affect economic growth in Indonesia is the palm oil industry. The role of this industry depends on the level of exports from European Union countries. Based on the COVID-19 pandemic situation, international trade activities are hampered and could affect industry performance from a stock perspective. Therefore, this study aims to explore the impact of the COVID-19 cases that occurred in the European Union and related macroeconomic variables on the stock performance of the oil palm industry in Indonesia. This research also examines the impact of COVID-19 on certified sustainable companies and companies that are not certified. Panel regression was applied in this study with Eviews 11 Software.This research's observations are 13 palm oil companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX) from March 2, 2020, to August 31, 2020. This study's results reveal that the world CPO prices and market capitalization affect the activities shares of palm oil companies in Indonesia.Meanwhile, from the grouping of certifications within companies, the impact of COVID-19 in the European Union was more substantial on companies that were certified as sustainable. Based on these results, The COVID-19 case in the European Union must be a concern for palm oil companies in Indonesia.

Sustainability strategy of Indonesian and Malaysian palm oil industry: a qualitative analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ratna Wardhani ◽  
Yan Rahadian
Keyword(s):  
Palm Oil ◽  
Stakeholder Engagement ◽  
Business Models ◽  
Oil Industry ◽  
Social Strategies ◽  
Content Type ◽  
Oil Companies ◽  
Sustainability Strategies ◽  
Sustainability Strategy ◽  
Study Results

Purpose Global palm oil production is growing rapidly, especially in Southeast Asia, with Indonesia and Malaysia as the biggest producers. Despite significant contributions to these countries’ economies, environmental and social aspects continue to be debated within this industry. The sustainability strategy is very important for the palm oil industry. This study aims to explore the sustainability strategy using six elements, namely, stakeholder engagement, governance and leadership, sustainability view and the economic, environmental and social strategies of Indonesian and Malaysian palm oil companies. Design/methodology/approach This study observes 21 Indonesian palm oil companies and 44 Malaysian palm oil companies from 2014 to 2018 with a total observation of 280 firm years. The methodology used in this study is a qualitative content analysis of six themes based on the sustainability strategy elements, which was further developed into 40 indicators. Content analysis is carried out on information published in annual reports and sustainability reports. Findings The study results indicate that stakeholder engagement, governance and leadership and strategic view of the palm oil companies in Indonesia and Malaysia are still likely to be weak. Palm oil companies have not demonstrated their focus on implementing economic, environmental and social strategies. Although the results indicate that there is a greater emphasis on environmental and social strategies than on economic issues, attention to both issues is still very low. Practical implications Palm oil companies need to integrate sustainability strategies in their business models and communicate them well to stakeholders to increase their competitive advantage in the palm oil industry. The government also needs to issue stricter rules and incentives to encourage companies to implement sustainability strategies. Social implications The study results provide implications for the communities around palm oil plantations to provide better social control so that companies can implement sustainability strategies in their business processes. Originality/value This study highlights the importance of sustainability practices integrated into palm oil companies’ business models, which have not been well implemented in the palm oil industry in the world’s largest producing countries.

scholarly journals Coverage of G4-indicators in GRI-sustainability reports by electric utilities

2020 ◽  
Vol 32 (3) ◽  
pp. 359-378 ◽  
Author(s):  
Johannes Slacik ◽  
Dorothea Greiling
Keyword(s):  
Stakeholder Theory ◽  
Stock Exchange ◽  
Sustainability Reporting ◽  
Electric Utility ◽  
Electricity Sector ◽  
Global Reporting Initiative ◽  
Bottom Line ◽  
Content Type ◽  
Sustainability Reports ◽  
Coverage Rates

PurposeElectric utility companies (EUC) are expected to play a key role toward implementing ambitious climate change aims being under critical scrutiny by regulators and stakeholders. However, EUC provide an under-researched field regarding sustainability reporting with the focus on economic, social and ecological concerns. This paper aims to gain insights of the sustainability reporting practice of EUC and the coverage of indicators based on the Global Reporting Initiative (GRI)-Guidelines.Design/methodology/approachA twofold documentary analysis of 186 GRI-G4 sustainability reports by EUC globally is conducted to investigate the coverage rates of G4-indicators. Neo-institutionalism and strategic stakeholder theory serve as theoretical lenses. A regression analysis is used to examine ownership, stock-exchange listing, area of activity and region as potential drivers of sustainability reporting.FindingsResults show that the coverage of indicators based on triple-bottom-line dimensions is moderate in EUC leaving room for improvement. The coverage of sector-specific indicators lacks behind the coverage of standard disclosure indicators. Results show that private and listed EUC show better coverage rates than public and not-listed EUC.Research limitations/implicationsNeo-institutionalism shows limited homogenization in the sector. Strategic stakeholder theory demonstrates insufficient stakeholder compliance of public and not-listed EUC.Originality/valueThis study contributes to sustainability reporting research by focusing on the under-researched electricity sector. It provides practical reporting insights for EUC, the GRI and regulators.

An examination of the quality of social and environmental disclosures by Nigerian oil companies

2016 ◽  
Vol 16 (2) ◽  
pp. 400-419 ◽  
Author(s):  
Odhiambo Odera ◽  
Albert Scott ◽  
Jeff Gow
Keyword(s):  
Large Scale ◽  
Health And Safety ◽  
Annual Reports ◽  
Content Type ◽  
Oil Companies ◽  
Environmental Disclosures ◽  
Oil Company ◽  
A Company ◽  
Tests For Normality

Purpose This study seeks to examine the quantity and quality of social and environmental disclosures (SEDs) of Nigerian oil companies. The study aims to analyse SED activities as reported by the oil companies in their annual reports. Design/methodology/approach The study analyses annual reports through content analysis. SED quantity is measured by alternative two units: number of sentences and number of pages. A two-point scale system to assess SED quality is used as follows: 1 = if SED is quantitative and reports specific activities of a company concerning its social and environmental responsibility; 0 = otherwise. Correlation analysis is performed among the different SED categories to identify the relationships among them. Kolmongrov–Smirnov and Shapiro–Wilk tests for normality are utilised. Findings SED activities are reported by most of the companies, and by quantity, employee information is found to be the most common type of disclosure. SED quantity and quality in the environment category is found to be overwhelmingly low despite the large-scale public concern expressed about the levels of the environmental degradation caused by oil company operations. Research limitations/implications The data collected for this study are based on one country, which controls diversity but limits the generalizability of the findings. The study is limited by the sample which includes mainly quoted companies, as they are believed to make improved disclosures because of their investor orientation and statutory obligations. Originality/value The study extends SED research by focusing on social disclosures such as employee-, community- and health- and safety-related disclosures. The study also investigates the motivations of SED providers and establishes a link between stakeholder demands/engagement and the level of disclosure.

scholarly journals Are the Financial Performance and Media Coverage Associated with the Quality of Environmental Disclosures?

2020 ◽  
Author(s):  
Badingatus Solikhah ◽  
Subowo .
Keyword(s):  
Media Coverage ◽  
Structural Equation ◽  
Stock Exchange ◽  
Environmental Accounting ◽  
Equation Modeling ◽  
Analysis Tool ◽  
Energy Chemistry ◽  
Environmental Disclosures ◽  
The Government

Increased economic growth is positively associated with environmental pollution. The concept of environmental accounting has driven the company’s ability to minimize environmental problems. The purpose of this study was to examine the effect of profitability and media coverage on the quality of environmental disclosures. The population in this study is a company engaged in mining, energy, chemistry, pharmaceuticals, cosmetics, food and beverages that are listed on the Stock Exchange in 2012-2016. Samples were chosen by a purposive method so that 35 companies were selected so that 135 units of analysis were obtained. The data analysis method used is Structural Equation Modeling (SEM) with a Smart PLS 3.0 analysis tool. The results showed that media coverage had a significant positive effect on the quality of environmental disclosures. While profitability is not associated with the quality of environmental disclosures. The practical implications of this study, the results are expected to contribute to the government and stock exchange authorities in order to take immediate action in making policies related to environmental management for listed companies and their reporting to stakeholders. Keywords: Profitability; Media Coverage; Environment Disclosure

scholarly journals Production and Quality of Etawa Raw Milk Using Palm Oil Industry Waste and Paitan Plants as an Early Feed

2018 ◽  
Vol 17 (8) ◽  
pp. 399-404 ◽  
Author(s):  
Arief . ◽  
Elihasridas . ◽  
Simel Somen ◽  
Elly Roza ◽  
Roni Pazla ◽  
...  
Keyword(s):  
Palm Oil ◽  
Oil Industry ◽  
Raw Milk ◽  
Industry Waste

scholarly journals STAKEHOLDER PRESSURE AND THE QUALITY OF SUSTAINABILITY REPORT: EVIDENCE FROM INDONESIA

2021 ◽  
Vol 2 (1) ◽  
pp. 53-72
Author(s):  
Claudia Leonirda Lulu
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Linear Regression Method ◽  
Company Size ◽  
Control Variables ◽  
Environmental Pressure ◽  
Stakeholder Pressure ◽  
Sustainability Reports ◽  
Positive Effect

This study aims to determine the effect of environmental pressure, consumer pressure, shareholder pressure, employee pressure, government pressure and creditor pressure on the quality of sustainability reports. The control variables of this study are profitability and company size. The sampling technique used is a purposive sampling method with the number of samples obtained as many as 69 non-financial sector companies listed in Indonesia Stock Exchange for the period of 2016-2018. A multiple linear regression method was used. The results of this study indicate that environmental pressure and consumer pressure have a positive effect on the quality of sustainability reports, while shareholder pressure, employee pressure, government pressure and creditor pressure do not affect the quality of sustainability reports. Profitability and company size as control variables in this study do not affect the quality of sustainability reports. Keywords: stakeholder pressure, profitability, company size, quality of sustainability reports

scholarly journals Increased quality of in natura and cryopreserved semen of water buffaloes supplemented with saturated and unsaturated fatty acids from the palm oil industry

2020 ◽  
Vol 17 (4) ◽  
Author(s):  
Lílian Kátia Ximenes Silva ◽  
José de Brito Lourenço Júnior ◽  
Aluizio Otavio Almeida da Silva ◽  
José Silva de Sousa ◽  
André Guimarães Maciel e Silva ◽  
...  
Keyword(s):  
Fatty Acids ◽  
Palm Oil ◽  
Unsaturated Fatty Acids ◽  
Oil Industry ◽  
Water Buffaloes

scholarly journals An Analysis of Information Materiality on Corporate Sustainability Report Using Information Materiality Map: A Review in Mining Industry in Indonesia

2018 ◽  
Author(s):  
Putu Sukma Kurniawan
Keyword(s):  
Stock Exchange ◽  
Corporate Sustainability ◽  
Mining Industry ◽  
Secondary Data ◽  
Sustainability Reporting ◽  
Document Analysis ◽  
Sustainability Reports ◽  
New Perspective ◽  
Material Information ◽  
Sustainability Report

This research aims to provide an overview of information that is material in sustainability reporting in Indonesia, especially material information in sustainability report in mining industry in Indonesia. The design of this research is document analysis. In this context, this study try to achieve an understanding of the document's contents from corporate sustainability report. This research used sustainability report published by companies in mining industry fields, particularly mining companies which competed in Indonesia Sustainability Reporting Award (ISRA) in 2014, 2015 and 2016. Data was collected by secondary data through the official website of Indonesia Stock Exchange as well as the company's official website. The data of sustainability reports were analyzed descriptively by analyzing the content of the sustainability report. This study can help to build a new perspective about material information in sustainability report in Indonesian mining industry. Keywords: Information Materiality Map, Sustainability Reporting, Sustainability Report, Mining Industry

Determinants of GRI-based sustainability reporting: evidence from an emerging economy

2019 ◽  
Vol 10 (1) ◽  
pp. 140-164 ◽  
Author(s):  
Nurlan Orazalin ◽  
Monowar Mahmood
Keyword(s):  
Emerging Economies ◽  
Stock Exchange ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Publicly Traded ◽  
Content Type ◽  
Publicly Traded Companies ◽  
Reporting Practices ◽  
Sustainability Performance

Purpose The purpose of this paper is to investigate the extent and determinants of sustainability performance disclosures reported by publicly traded companies in Kazakhstan by using the Global Reporting Initiative (GRI) framework. Among the different possible determinants, stand-alone sustainability reporting (SR), reporting language, leverage, cash flow capacity, profitability, size, age and auditor type were selected to investigate their impacts on the quality and scope of sustainability information. Design/methodology/approach The study analyzes data from publicly traded companies at the Kazakhstani Stock Exchange for the years 2013–2015. To investigate the extent, nature and quality of sustainability reports, the study measures and analyzes economic, environmental and social performance parameters, as suggested in the GRI guidelines. Findings The results indicate that determinants such as stand-alone reporting, reporting language, firm profitability, firm size and auditor type substantially influence the extent, nature and quality of sustainability-reporting practices of Kazakhstani companies. Practical implications The findings of the study suggest that managers, practitioners, regulators and policy makers in emerging economies should adopt the GRI guidelines to report sustainability performance disclosures and focus on specific factors to improve the quality of sustainability disclosures. Originality/value This study is one of the first studies to investigate the extent, nature and possible determinants of corporate SR in central Asian-emerging economies.

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