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Journal : Advances in Management

Analysis of Social and Environmental Impact Measurement Difficulties in Green Investment and Sustainable Finance Djafar, Djafar; Tabsir, Muhammad Kusnady; Rachmawaty, Rachmawaty; Djabir, Muh; Pratiwi Ar, Dhita
Advances in Management & Financial Reporting Vol. 3 No. 3 (2025): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/amfr.v3i3.610

Abstract

Purpose: This study examines the challenges in measuring social and environmental impacts in green investment and sustainable finance, with a focus on methodological inconsistencies, data quality, and the application of sustainability standards. It also explores the gap between theoretical frameworks and their practical implementation in corporate sustainability reporting. Research Method: The research employed a systematic literature review (SLR) approach to synthesize existing studies and identify recurring challenges in impact assessment methodologies. The SLR integrated theoretical perspectives, such as stakeholder and legitimacy theories, to connect the findings to established frameworks, highlighting their practical limitations in real-world applications. Results and Discussion: The study revealed significant inconsistencies in the methodologies used for impact measurement, including the limitations of both quantitative and qualitative approaches. Issues with data quality, such as reliance on self-reported data without adequate third-party verification, compromised the reliability of sustainability claims. Additionally, varying and ambiguous sustainability standards were shown to create confusion and potential greenwashing. The findings highlight the disparity between theoretical frameworks and their practical application, which undermines stakeholder trust and organizational legitimacy. Implications: This research contributes to academic knowledge by providing an integrated view of current challenges in sustainability impact measurement. It recommends adopting mixed-methods approaches and advanced technologies, such as blockchain, to improve transparency and reliability in sustainability reporting. The study suggests that aligning methodologies with comprehensive theoretical frameworks can enhance corporate practices and bolster stakeholder confidence in sustainability claims.
Co-Authors A. Irma Suryani Abd Muis Abda Abda Abdul Muis Adhyani, Andi Nurul Aditya Wardhana Akriyono, Phintoko Akhbar Al Faruq, Abdullah Jundi Al Mubarak, Faqih Ramdhani Alimuddin Ali Alma, Genta Alyanra, Ananda Azzahra Amiruddin, Ilhamsyah Amraeni, Amraeni Andi Bida Purnamasari Andi Muflihunna Angka, Andi Werawe Arifah Novia Arifin, Arifah Novia Aris, Affandy Agusman Arsal, A.Faridah Asham Bin Jamaluddin Baharsyah, Vivi Salvia Baharuddin*, Riski Aprilianti Baharuddin, Riski Aprilianti Cahyadi, Eko Danang Yuangga, Kharisma Danendra, Ravi Darwiwing, Muh. Darwiwing Dina Novita, Dina Djabir, Muh Djafar, Djafar Dwiyana, Aldi Fathur Rahman Febrianto, Satriyadi Fiddah, Andi Izatul Firdaus Daud Gunawan, Matthew Marcellinno Haeruddin, Muhammad Ilham Wardana Halifah Pagarra Hamsinah Hamsinah, Hamsinah HARTATI Hartati Hartati Hartiwiningsih Hartiwiningsih Hartono Hartono Hasan, Nurhidayah Hasanah, Dillah Faradillah Hasanah, Dilllah Faradilla Havizh, Muhammad Hilda Karim Hiola, Siti Fatmah Hiola, St.Fatmah Hisni, Dayan Holiawati, Holiawati I Gusti Ayu Ketut Rachmi Handayani Idris, Irma Suryani Irawan, Panji Irnawati, Jeni Islami, Firda Jaja Suteja Jati, Waluyo Jumadi Jumadi K, Andi Sumarlin Kartono , Koerul Anwar Lasmi, Lasmi Lisdawati Lisdawati Lodang, Hamka M. Risal, M. Mamis, Yonartilia Mapata, Dg. Marjohan, Masno Mattunruang*, Andi Aris Melinda Pratiwi, Melinda Mokhamad Anwar, Mokhamad Mufa’ati, Nurma Dewi Muhammad Junda Muhiddin Palennari Mushawwir Taiyeb Mu’nisa, Andi Nani Kurnia, Nani Nugroho, Arief Novianto Nur Arisah Nur Izzah Nurdiana Nurdiana Nurhayati B Nurhayati, Hesti Nurmin Arianto, Nurmin Nurviani, Novi Oslan Jumadi Pingki Indrianti Pratama, Lisra Pratiwi AR, Dhita Puspitasari, Dini Rahma Rahma Rahmawati, Rahmawati Ramadan , Warisatun Retnaning Sampurnaningsih, Sri Retno Widowati Riandi, Arif Riesso, Andi Sawe Roos, Harjo Nakulo Muhammad Ramadhan Putra Wika Roslina Roslina, Roslina Rudy Kurniawan Rusilowati, Umi Sahribulan, Sahribulan Sahroni, Sahroni Saleh, Andi Rahmat Sampurnaningsih, Sri Retnaning Saparuddin Saparuddin Saputri, Winda Eka Sarah, Sitti Shafa Chairisa HSB, Anas Siti Nuraini Situmorang, Santonius St. Fatmah Hiola Sugiarto S Sugiyanto - Suharto Suharto Sumiati Side Suradi Suradi Susanto Susanto Sutiman Sutiman, Sutiman Syamsiah, Syamsiah Syamsu, Andi Mu'nisa Syatoto, Iman Syawaluddin, Ahmad Tabsir, Muhammad Kusnady Watye, Rina Yanti, Novi Misna Yusminah Hala Yusuf, Yusnaeni Zaerofi, Afif