Board Profile and Pandemic Covid-19 Effect on Improving Level of Environmental, Social, And Governance (ESG) Disclosures: (Evidence from Energy Companies listed on the Indonesia Stock Exchange in 2018-2020)

Abstract

Environmental and social issues brought new emerging issues in running the business; profit was no longer the ultimate goal for sustainability, but concern to improving environmental, social, and governance quality is the one way to achieve sustainability. This study examines the effect of the BOD profile on the level of Environmental, Social, and Governance (ESG) disclosure. The CEO’s educational background measured proxies of BOD profiles, the proportion of gender diversity in the Board of Directors, and the CEO’s age. This study uses quantitative methods and multiple regression analysis to test the hypothesis. The sample in this study are companies listed on the Indonesia Stock Exchange in the energy sector, with a total sample of 62 firms years. The results showed that the CEO’s educational background and CEO Age positively affect the level of ESG disclosure. Board gender diversity and the COVID-19 pandemic did not affect the level of ESG disclosure.