Can Carbon Emission Disclosure, Environmental Performance, and Corporate Social Responsibility Improve Firm Value in Indonesia?

Abstract

The objective of this research was to examine how carbon emission disclosures, environmental performance, and corporate social responsibility affect firm value. The 27 largest carbon-emitting corporations listed on the Carbon Disclosure Project and the Indonesia Stock Exchange from 2016 to 2019 make up the study's sample. A total of 108 annual report data from the selected companies were examined. According to this study, carbon emission disclosures, environmental performance, and corporate social responsibility positively correlate with business value. The study's findings demonstrate that companies with more extensive disclosures on carbon emissions, environmental performance, and corporate social responsibility have higher firm value.