Corporate governance in Basic Material and Energy Sector Companies, green strategy, and carbon emissions disclosure

Abstract

This study aims to find empirical evidence of the influence of corporate governance and green strategy on carbon emission disclosure. This study uses a quantitative approach using panel data regression with a sample size of 105 energy and basic material sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The technical analysis used in this research is software EViews 12. The results of the t test that was carried out to test the first hypothesis showed a t-statistic value of 2.132. and significance 0.0354 < 0.05. This value indicates that the quality of carbon emissions is significantly determined by good corporate governance. Tests carried out on the second hypothesis produced a t-statistic of 1.496 with a significance of 0.000 <0.05, which indicates that companies that adopt a green strategy will tend to carry out activities that reduce carbon emission levels. Meanwhile, the results of testing the third hypothesis show a t-statistic value of 3.023 and a significance of 0.0032. The value of testing this third hypothesis explains that large companies tend to carry out higher carbon emission reduction activities, in line with the increasing attention and expectations of stakeholders for these companies.