Identification of Life Insurance Company Compliance Provides Sustainable Financial Reports

DOI

10.2991/978-2-38476-620-8_16How to use a DOI?

Keywords

ESG; life insurance; sustainability report

Abstract

In the insurance sector, sustainability has become a major problem. Environmental, Social, and Governance (ESG) is known as a strategic method for evaluating an insurance company to risk management, stakeholder trust, and company stability. In fact, sustainability reports that describe a company's performance in terms of ESG aspects are used to make ESG disclosures. OJK Regulation Number 51/POJK.03/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public firms was released by the Financial Services Authority (OJK) and is also applied to life insurance company. The study’s aim is assessing life insurance companies to comply their responsibility to provide sustainability reports. Using information from OJK’s data, a descriptive quantitative method was used. Only 38 of the 48 conventional life insurance register’s companies have their sustainability reports accessible on their websites. With 5% margin error, there are 13 companies were sampled to be the study's focus and sustainability reports from 2024 were studied. The findings show that not every indicator was fully found. On the economic aspects, most companies reported sales or revenue, net profit or loss, and the volume of goods or services sold. When it came to the environmental aspect, companies frequently reported energy use, but they all fulfilled the social aspect.

Copyright

© 2026 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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TY  - CONF
AU  - Fia Fridayanti Adam
AU  - Debrina Vita Ferezagia
AU  - Nia Murniati
AU  - Erwin Harinurdin
PY  - 2026
DA  - 2026/10/23
TI  - Identification of Life Insurance Company Compliance Provides Sustainable Financial Reports
BT  - Proceedings of the 8th International Conference of Vocational Education, Applied Science and Technology (ICVEAST 2026)
PB  - Atlantis Press
SP  - 196
EP  - 204
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-620-8_16
DO  - 10.2991/978-2-38476-620-8_16
ID  - Adam2026
ER  -