Pengaruh Pengungkapan Environmental, Social, dan Governance (ESG) terhadap Tingkat Profitabilitas
Abstract
Abstract. ESG is a concept used to measure a company's performance in terms of environmental, social, and governance factors. ESG helps investors understand the risks and opportunities associated with a company's performance in these areas. Companies are increasingly encouraged to focus not only on profit-seeking but also on considering the impact of their operational activities on the surrounding community and environment. This study aims to analyze the impact of Environmental, Social, and Governance (ESG) disclosures on profitability, focusing on energy companies listed on the Indonesia Stock Exchange (IDX) during the period of 2021-2023. The research method employed is quantitative with a descriptive and verificative approach. The sample was selected using purposive sampling techniques, resulting in 18 companies as research objects. The analysis results indicate that ESG disclosures simultaneously have a significant effect on profitability. However, on a partial basis, the disclosure of Environmental aspects has a negative and significant impact on profitability. Social disclosures have a positive and significant effect on profitability. Conversely, Governance disclosures do not have a significant effect on profitability. These findings provide important insights for stakeholders in understanding the relationship between ESG disclosures and profitability, particularly in the energy industry.
Abstrak. ESG adalah suatu konsep yang digunakan untuk mengukur kinerja perusahaan dalam hal lingkungan, sosial, dan tata kelola. ESG membantu investor untuk memahami risiko dan peluang yang terkait dengan kinerja perusahaan dalam hal lingkungan, sosial, dan tata kelola. Perusahaan semakin didorong untuk tidak hanya fokus pada pencarian keuntungan, tetapi juga untuk mempertimbangkan dampak yang ditimbulkan oleh aktivitas operasional mereka terhadap masyarakat dan lingkungan sekitar. Penelitian ini bertujuan untuk menganalisis pengaruh pengungkapan Environmental, Social, dan Governance (ESG) terhadap Profitabilitas, dengan fokus pada perusahaan Energy yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021-2023. Metode peneitian yang digunakan adalah kuantitatif dengan pendekatan deskriptif dan verifikatif. Sampel penelitian dipilih menggunakan teknik purposive sampling, mengahsilkan 18 perusahaan sebagai objek penelitian. Hasil analisis menunjukan bahwa pengungkapan Environmental Social, dan Governance (ESG) secara simultan berpengaruh signifikan terhadap Profitabilitas. Namun secara parsial pengungkapan aspek Environmental memiliki pengaruh negatif dan signifikan terhadap Profitabilitas. Pengungkapan Social berpengaruh positif dan signifikan terhadap profitabilitas. Sebaliknya pengungkapan Governance tidak berpengaruh signifikan terhadap profitabilitas. Temuan ini memberikan wawasan penting bagi para pemangku kepentingan dalam memahami hubungan antara pengungkapan Environmental, Social, Governance (ESG) dan profitabilitas, khusus nya dalam industri Energy.
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