<![CDATA[The primary objective of this study is to analyze the impact of ownership structure comprising institutional ownership, block ownership, management ownership, and foreign ownership on environmental, social, and governance (ESG) disclosure. ESG disclosure is proxied using the GRI Standard index. Profitability (ROA) and firm size are used as control variables in this study. The study used a quantitative causal approach through multiple linear regression analysis to test the hypotheses with the aid of SPSS. The research data were obtained from the annual reports and sustainability reports of manufacturing companies listed on the Indonesia Stock Exchange for the period 2022–2024. Using a purposive sampling method, 264 observations that met the research criteria were obtained. The results indicate that block ownership, management ownership, and foreign ownership have a positive effect on ESG disclosure. Meanwhile, institutional ownership does not have a significant effect on ESG disclosure. These results confirm that high levels of ESG disclosure can be attributed to how block, management, and foreign ownership encourage companies to enhance transparency and sustainability practices. This study provides insights into the factors that can encourage companies to engage in ESG disclosure, which can inform investors’ decision-making. Additionally, this research examines ESG disclosure during the period following the implementation of the 2022 Indonesian Green Taxonomy, a topic that has been limited in previous studies.]]>
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