Email this article ESG Disclosure and Corporate Reputation: The Moderating Role of Green Innovation
Abstract
This study aims to investigate how Environmental, Social, and Governance (ESG) disclosures affect corporate reputation in the manufacturing sector and how Green Innovation moderates this relationship. ESG is now seen as a symbol of a company's ethical commitment and social responsibility rather than just a reporting tool in the face of public demands for accountability and transparency for sustainable business practices. This study evaluates all listed businesses on the Indonesia Stock Exchange from 2020 to 2024, excluding businesses in the banking and service industries. This quantitative study analyzes secondary data from sustainability reports and annual reports. The study shows that ESG disclosure improves corporate reputation. Environmental and social disclosures are evident, while governance disclosures have no significant impact. Furthermore, ESG disclosure and corporate reputation are more closely related to Green Innovation. The results suggest that implementing Green innovation and transparent ESG information can build corporate reputation.
Keywords: ESG disclosure, corporate reputation, Green Innovation
Seiring menguatnya desakan publik atas transparansi praktik bisnis berkelanjutan, pengungkapan Environmental, Social, and Governance (ESG) telah bertransformasi dari sekadar kewajiban pelaporan menjadi indikator komitmen etis korporasi. Riset kuantitatif ini mengevaluasi dampak pengungkapan ESG terhadap reputasi perusahaan manufaktur, sekaligus menguji potensi Inovasi Hijau dalam memoderasi hubungan tersebut. Sampel penelitian mencakup perusahaan non-keuangan dan non-jasa yang terdaftar di Bursa Efek Indonesia (BEI) selama rentang 2020–2024. Melalui ekstraksi data sekunder dari laporan tahunan dan laporan keberlanjutan, hasil analisis menunjukkan bahwa transparansi pengungkapan ESG terbukti secara nyata mampu memperkuat reputasi korporasi. Pengungkapan lingkungan dan sosial terbukti memengaruhi reputasi perusahaan, sedangkan pengungkapan tata kelola tidak memiliki dampak yang signifikan. Lebih lanjut, pengungkapan ESG dan reputasi perusahaan lebih erat kaitannya dengan Inovasi Hijau. Hasil penelitian menunjukkan bahwa penerapan Inovasi Hijau dan transparansi informasi ESG merupakan strategi yang dapat membangun reputasi perusahaan.
Kata kunci: Pengungkapan ESG, reputasi perusahaan, Inovasi Hijau
Keywords
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DOI: http://dx.doi.org/10.20961/jab.v26i1.1757
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