Descriptive Analysis of Environmental Performance, Sustainability Report, and Access to Finance

Abstract

This research aims to identify environmental performance, role of external assurance in sustainability reports, financial access, the quality of sustainability report disclosure and external assurance of a company. The samples are Indonesia non-financial public companies which are listed in the Performance Rating Assessment Program on Environment Management (Program Penilaian Peringkat Kinerja Perusahaan/PROPER) from 2014 to 2019. Using descriptive analysis, this research finds a fairly good environmental performance and an adequate performance of environmental management efforts as required from the observed sample. It also indicates that more than 78% of companies during the year of observation tend to not disclose separate sustainability reports. In addition, the lack of urgency in disclosing separate sustainability reports also reflected on the companies tendency of not using external assurance during the reporting process. This research also showed that financial access of the observed companies has various values with a fairly high value of standard deviation. Furthermore, this research suggests an analysis of the influence and correlation between variables used in this research as potential future studies.