Early Adopters of Climate-Related Disclosures: Evidence From Indonesia

Devina, Patricia
Hudaya, Muhammad
Nor, Wahyudin
Hayat, Atma

EKONOMIS : Journal of Economics and Business
Vol 10, No 1 (2026): Maret

The purpose of this study is to analyze environmental performance, environmental costs, and profitability in influencing firm value using greenhouse gas emission disclosure as a moderating variable. Data were collected from energy sector companies listed on the Indonesia Stock Exchange for the period 2016–2020. The results of this study indicate that many companies still have not disclosed their environmental performance management practices. This study provides a new perspective on corporate efforts to protect the environment by considering every aspect and policy, which benefits not only the environment and society in general but also the company itself.