Page 155 - SUSTAINABILITY ISSUES & COVID-19

24 The Assessment of Balance Principle

Application in Sustainability

Reporting Practices

Paulina Permatasari, Agung Nugroho, Felisia

EXTENDED ABSTRACT

PURPOSE

The purpose of this study is to learn how to apply the principle of balance in sustainability reporting. Also, this study
aims to analyze trends in conformity with the application of the principle of balance in sustainability reporting in
Indonesia based on GRI Standards and Global Reporting Initiative work agreements.

STUDY DESIGN/METHODOLOGY/APPROACH

This research was conducted on 101 companies in Indonesia which are divided into 8 different industrial sectors
(Construction, Food Processing, Financial Services, Mining & Metals, Industry, Oil & Gas, Electricity, and Airports). This
study uses quantitative and content analysis methods to analyze data samples.

FINDINGS

From the results of the study, it was found that companies express positive performance on sustainability reports to
minimize or avoid negative issues related to their performance. Some companies are also known to only reveal positive
aspects such as achievements, future plans, & various programs in the company.

ORIGINALITY/VALUE

This research contributes to helping stakeholders in making decisions by considering one aspect that might not have
been addressed so far, that is the balance aspect in the sustainability report.

Keywords
sustainability reports, balance principle, global reporting initiative, corporate sustainability reporting

JEL Classification
M49

154 International Conference on Sustainability
(5 Sustainability Practitioner Conference)
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