CD Tesis

Pengungkapan Perubahan Iklim dan Kinerja Keuangan Berdasarkan Rekomendasi Task Force On Climate-Related Financial Disclosure

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The Company has increased its attention to the disclosure of non-financial information, particularly in the presentation of aspects related to sustainable disclosure. Interest in non-financial information in companies is growing, one of which is due to the emergence of investor awareness of environmental, social, and carbon emissions. Especially in Indonesia, which is a country that is vulnerable to climate change and the impact of climate change risks such as crop failure, floods, and infrastructure damage that have an impact on company finances and is the main fokus of investors in assessing information from companies regarding sustainability.
This study aims to examine the influence of climate change disclosure with recommendations from the Task Force on Climate-related Financial Disclosure (TCFD) on the company's financial performance. Financial performance in this study is proxied using Return on Asset (ROA) and Return on Equity (ROE). This study examines the impact of climate change disclosure based on TCFD recommendations, which includes 4 main elements, namely Governance, Strategy, Risk Management, and Metrics and Targets in the company's existing emission processors. Of the 4 main elements, there are 11 disclosure information that will explain the main elements. This study also uses Size, leverage, current ratio, and dividend policy as control variables.
This study uses a quantitative method. The population in this study is all energy companies listed on the Indonesia Stock Exchange in 2019-2021. The sample was selected based on the purposive sampling method, so that the number of company samples to be observed was 14 companies with a total of 14 companies, 42 observations. The analysis method used in this study is panel data regression analysis.
The basic theories used in this study are legitimacy theory, signal theory and stakeholder theory. Legitimacy theory advocates companies to ensure that their activities and performance are acceptable to society. Companies use their annual reports to portray a sense of responsibility towards the environment, so that they are acceptable to the public. Social and environmental reports can be considered a generally acceptable means of communication. This report provides an opportunity for companies to reveal their company’s achievements, both without incurring significant costs and also a good opportunity for the company to project a positive image to its stakeholders.
In every business activity carried out, the company is expected to be able to meet the expectations and demands of stakeholders. This support can be obtained by the company through the practice of disclosing both financial and non-financial information where stakeholders do expect management to report all business activities carried out. To maintain relationships with stakeholders and to safeguard the interests of each party, a sustainability report can be issued.
The results of the study indicate that climate change disclosure based on TCFD recommendations does not have a significant effect on financial performance as proxied by Return on Assets (ROA) and Return on Equity (ROE). This finding suggests that climate change disclosures presented in financial statements or sustainability reports are still conducted voluntarily, so many companies are not truly committed to disclosing all information regarding emissions generated by their operations. However, among the four control variables used in this study, only leverage and liquidity have a significant effect on ROA. Only leverage has a significant effect on ROE for energy companies listed on the Indonesia Stock Exchange from 2019 to 2021.

Key words: Climate Change Disclosure, TCFD, Financial Performance, ROA, ROE, Size, Leverage, Current Ratio, Dividend Polic

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

2110247019

Penerbit

Pekanbaru : Universitas Riau Pascasarjana Tesis Akuntansi., 2024

Deskripsi Fisik

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Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

2110247019

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Akuntansi

Info Detail Spesifik

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Pernyataan Tanggungjawab

Jaka

Versi lain/terkait

Lampiran Berkas

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