Socioeconomic Development Sustainability Analysis: A Review Of Corporate CSR And ESG In Indonesia

Ahmad Thoriq Alfan (Universitas Muhammadiyah Cirebon, Indonesia)
Nurlaila Harahap (Universitas Muhammadiyah Cirebon, Indonesia)
Muhammad ikhsan Harahap (Universitas Muhammadiyah Cirebon, Indonesia)

International Journal of Economics Development Research (IJEDR)
Vol. 4 No. 3 (2023): International Journal of Economics Development Research (IJEDR)

This research elaborates the influence of ESG and CSR on socio-economic development in Indonesia. With a sample of 11 companies and crosschecking statements according to GRI g4. This research aims to provide awareness to each company about the impacts it will face in a sustainable and advanced social economy. The analytical method used is multiple regression analysis using the CEM (Common Effect Models) model. The results of the research show that the calculated F value is 454.2893 > F table which is 3.327654 and the sig value is 0.00000 < 0.05, so this means that H0 is rejected and Ha is accepted, so this means that the CSR variable and ESG have a very significant effect on socio-economic development, so ESG and CSR disclosures have a significant effect on Socio-Economic Development in Indonesia.