INTEGRATION OF SUSTAINABILITY REPORT AND ESG RATING IMPLEMENTATION ON OPERATIONAL PERFORMANCE AND REPUTATION: PT PETROKIMIA GRESIK
DOI:
10.54443/morfai.v5i3.3963Published:
2025-08-31Downloads
Abstract
Research Objective: This study aims to analyze the integration of Sustainability Reports and ESG Ratings in PT Petrokimia Gresik and its impact on the company's operational performance and reputation from economic, environmental, social, and governance perspectives. Design/Methods/Approaches: A qualitative case study approach is used to explore how SR and ESG integration is implemented and internalized across the organization, with a focus on key informant insights. Research Findings : The integration of SR and ESG at PT Petrokimia Gresik significantly improves the company's operational efficiency and reputation. These elements are embedded in performance targets and decision-making, demonstrating deep organizational alignment. Theoretical/Originality contribution: This study bridges the research gap by analyzing the integration of SR and ESG simultaneously using the Triple Bottom Line framework, providing new insights into sustainability practices in Indonesia's chemical industry. Practitioner/policy implications: These findings serve as a practical guide for companies and regulators in developing sustainable business strategies and policies based on ESG data, supporting stakeholder trust and long-term competitiveness. Limitations of the study: This one-case qualitative study limits generalization and may bring subjectivity. Further quantitative or comparative research is recommended to improve external validity.
Keywords:
Sustainability Report, ESG Rating, Operational Performance, Company ReputationReferences
Agustina, A. (2017). Analysis and visualization of customer voice in customer service centers with topic modeling using latent dirichlet allocation (lda) case study: pt. Petrochemical Gresis.
Arfiani, R. (2024). The Effect of Sustainability Reporting Disclosure and Company Size on the Financial Performance of Manufacturing Companies on the IDX for the 2018-2022 Period. Journal of Accounting and Management Research, 13(1).
Arifin, S. (2024). Analysis of the Impact of Sustainability Reporting on Investor Confidence. In the Journal of Economics and Business (Vol. 4, Issue 1).
Ash Shidiq, H., Zakaria, A., & Nasution, H. (2024). Analysis of Disclosure of Sustainability and Sustainability Performance Reports in the Energy, Minas, and Gas Clusters of State-Owned Companies Analysis of Disclosure of Sustainability and Sustainability Performance Reports in State-Owned Companies in the Energy Cluster, Oil and Gas. In the Journal of Business Innovation and Accounting Research (Vol. 1, Issue 2). Http://Educo-Insight.Com/Journal/Index.Php/Jbiar
Badjuri, Achmad, Jaeni, & Kartika, Andi. (2021). The Role of Corporate Social Responsibility as a Moderator in Predicting Profitability and Company Size on Tax Aggressiveness in Indonesia: A Study of Legitimacy Theory. In Jbe (Vol. 28, Issue 1). Https://Www.Unisbank.Ac.Id/Ojs;
Damayanti, A., & Hardiningsih, P. (2021). Determinants of Continuous Report Disclosure. Journal of Accounting and Taxation, 22(1), 175. Https://Doi.Org/10.29040/Jap.V22i1.2756
Diva Alamdqiyah, & Mahroji. (2024). Reporting the Influence of Sustainability and Good Corporate Governance on Financial Performance. Al-Kharaj: Journal of Sharia Economics, Finance & Business, 6(9). Https://Doi.Org/10.47467/Alkharaj.V6i9.4779
Fachrezi, M. F., Fauziah, S., Muhammad Iqbal, ), & Firmansyah, A. (2024). Esg Risk and Corporate Value in Indonesia (Vol. 3, Edition 2). Www.Idx.Co.Id
Gaffar Ronaldo, N., & Sri Handayani, R. R. (2023). The Effect of Sustainability Report Disclosure on the Financial Performance of Banking Companies in Indonesia. Journal of Accounting Diponegoro, 12(4), 1–14. Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Hamudiana, A., & Achmad, T. (2017). The Effect of Stakeholder Pressure on the Transparency of Sustainability Reports of Companies in Indonesia. Journal of Accounting Diponegoro, 6, 1–11. Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Khoatim Khusnul. (2024). Report on the Influence of Sustainability, Corporate Governance, and Capital Structure on Corporate Investment.
Limarwati Dinar, Sri Ratna Alfiyani Yola, & Firmansyah Amrie. (2024). Sustainability Report, Benefits and Development of Standards.
Miqdad, M., & Rizky Izzalqurny, T. (2019). The Urgency of Implementing Sustainability Reports in Higher Education. In the Bisma Journal (Vol. 13, Edition 3). Online. Https://Jurnal.Unej.Ac.Id/Index.Php/Bisma
Mulpiani, W. (2019). The Effect of Sustainability Report Disclosure on the Performance of Public Companies in Indonesia. In the Journal of Accounting and Financial Studies (Vol. 2, Issue 2).
Nugraha, ARP (2024). The Influence of the Characteristics of the Board of Directors on Sustainability Reporting. Indonesian Accounting and Business Review, 8(1), 1–19. Https://Doi.Org/10.18196/Rabin.V8i1.20551
Oktapriana, C., Wisnu Bhuana, K., & Takrim, M. (2022). Disclosure of Business Sustainability and Social Responsibility Performance: Their Impact on Company Value. 7(1), 115–129.
Pratami, Y., & Jamil, P.C. (2021). The effect of sustainability reporting, profitability, capital structure and managers' incentives on company value. Business and Accounting, 4.
Ratmono, Dwi, & Monika Sagala, W. (2015). Corporate Social Responsibility (CSR) Disclosure as a Means of Legitimacy: Its Impact on the Level of Tax Aggressiveness: vol. iv.
Safriani, M. N., & Utomo, D. C. (N.D.). The Influence of Environmental, Social, Governance (ESG) Disclosure on Company Performance. Journal of Accounting Diponegoro, 9, 1–11. Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Sejati, B. P., & Prastiwi, A. (2015). The Effect of Sustainability Report Disclosure on Company Performance and Value. 4(1), 1–12. Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Sulistiawati, & Eka, ND (2016). Analysis of the effect of the application of green accounting on profitability in mining companies listed on the Indonesia Stock Exchange. 6(1), 865–872.
Tarigan, J., & Semuel, H. (2015). Disclosure of Sustainability Report and Financial Performance. Journal of Accounting and Finance, 16(2). Https://Doi.Org/10.9744/Jak.16.2.88-101
Utami, L.F., & Sebrina, N. (2024). The effect of ESG risk ratings and biodiversity disclosures on the company's financial performance. Journal of Accounting Exploration, 6(3), 1241–1256. Https://Doi.Org/10.24036/Jea.V6i3.1761
Wardoyo, D. U., Luthfi Islahuddin, M., Wira, A.S., Safitri, R. G., & Putri, S. N. (2022). The Effect of Sustainability Report on Company Value (Study of Non-Financial Companies from 2018-2020) Proxies: Pbv (Price To Book Value). Jubea, 2(2).
Xaviera, A., Rahman, A., Programs, Accounting, S., Economics, F., Business, D., & Articles, P. (n.d.). The Effect of ESG Performance on Company Value with the Company's Life Cycle as Moderation: Evidence from Indonesia. Journal of Business Accounting, 16(2), 226–247. Https://Doi.Org/10.30813/Jab.V16
Zidane Ramadhan, M., & Kurnianti, D. (2023). The Influence of Environmental, Social, and Governance (ESG) on Company Performance in Various Industrial Sectors Listed on the Indonesia Stock Exchange for the 2018-2022 Period. In the Journal of Economics and Business (Vol. 7, Issue 2). Www.Idx.Co.Id,
License
Copyright (c) 2025 Karmila Eka Putri, Masiyah Kholmi, Mursidi
This work is licensed under a Creative Commons Attribution 4.0 International License.
Downloads
How to Cite
