Financial performance viewed from the aspects of Environmental, Social, Governance (ESG) disclosure in energy sub-sector companies in Indonesia

Abstract

This study aims to examine the effect of environmental, social, governance disclosures to financial performance in 2020-2022. The variables used in this study are environmental, social, governance disclosure as independent variables, and financial performance as the dependent variable. We use energy subsector listed on the Indonesia Stock Exchange (IDX) in 2020-2022. As out population, we use 57 samples. In 3 years resultind 174 data. The data analysis method used is the panel data regression analysis method using Eviews 10 software. The results showed that environmental disclosure has a positive effect on financial performance. Social disclosure has a positive effect on financial performance. Governance disclosure has no effect on financial performance.