Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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Carbon Emissions Disclosure: Financial Performance and Industry Characteristics of companies rated by Morningstar Sustainalytics

Authors
Pusvita Indria Mei Susilowati1, *, Arifuddin2, Asri Usman2, Syarifuddin2
1Lambung Mangkurat University, Brigjen Hasan Basri, 70123, Indonesia
2Hasanuddin University, Perintis Kemerdekaan, 90245, Indonesia
*Corresponding author. Email: pusvita.susilowati@ulm.ac.id
Corresponding Author
Pusvita Indria Mei Susilowati
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_170How to use a DOI?
Keywords
Disclosure of Carbon Emissions; Profitability; Leverage; Industry Characteristics; ESG
Abstract

This study aims to analyze the effect of financial performance and industry characteristics on carbon emission disclosure in companies listed on the Indonesia Stock Exchange (IDX) that have received ESG assessments from Morningstar Sustainalytics. Financial performance variables are measured through profitability and leverage, while industry characteristics are distinguished between industries that produce high (high profile) and low (low profile) carbon emissions. This study uses a quantitative method with secondary data taken from annual reports and sustainability reports in 2023. A total of 68 companies were sampled after outliers were tested. The analysis technique used was multiple linear regression to see the effect of independent variables on carbon emission disclosure. The results of the study show that leverage has a significant and positive effect on carbon emission disclosure, while profitability and industry characteristics do not show a significant effect. Companies with high leverage tend to be more transparent in disclosing carbon emissions as a form of social responsibility and to maintain legitimacy in the eyes of stakeholders. On the other hand, high profitability does not directly encourage companies to increase transparency in carbon emission disclosure.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_170How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Pusvita Indria Mei Susilowati
AU  - Arifuddin
AU  - Asri Usman
AU  - Syarifuddin
PY  - 2025
DA  - 2025/07/30
TI  - Carbon Emissions Disclosure: Financial Performance and Industry Characteristics of companies rated by Morningstar Sustainalytics
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 2127
EP  - 2144
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_170
DO  - 10.2991/978-94-6463-758-8_170
ID  - Susilowati2025
ER  -