SDGS, CSR, And GCG On Low Carbon Companies Profitability

Faiz Syauqi Muljawan, Ary Yunanto, Ekaningtyas Widiastuti3, Haiban Syaddad

Abstract


This study aims to provide empirical evidence on the effect of implementing sustainable development goals, implementing corporate social responsibility, and good corporate governance on the profitability of low-carbon companies. This research is an associative research with a quantitative approach. The population in this study are companies listed on the IDX Low Carbon Leaders index of the Indonesia Stock Exchange in 2020-2023. The sample selection used purposive sampling method which resulted in a sample of 14 (fourteen) low carbon companies during 2020-2023. This study uses panel data regression analysis using the EViews 10 application. The results of this study indicate that: (1) SDGs implementation has no effect on company profitability, (2) CSR implementation has no effect on company profitability, (3) Board of directors has no effect on company profitability, (4) Board of commissioners has no effect on company profitability, (5) Independent board of commissioners has a positive effect on company profitability, (6) Managerial ownership has no effect on company profitability, (7) Institutional ownership has no effect on company profitability, (8) Audit committee has no effect on company profitability. Based on these results, low-carbon companies are expected to increase the proportion of independent commissioners because it is proven to increase profitability.

Keywords: Profitability, ROA, SDGS, CSR, GCG, Low Carbon.


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