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Does the COVID-19 Pandemic Affect the Transparency of Indonesian Industrial Companies in Managing Energy, Water, Carbon Emissions, and Wastes?

Proceedings of the Unima International Conference on Social Sciences and Humanities (UNICSSH 2022) 2023 1 citation ? Citation count from OpenAlex, updated daily. May differ slightly from the publisher's own count. Score: 30 ? 0–100 AI score estimating relevance to the microplastics field. Papers below 30 are filtered from public browse.
Heri Yanto, Dan Maryati

Summary

This study examined whether the COVID-19 pandemic affected how transparent Indonesian industrial companies were about their environmental impacts, including energy use, water consumption, carbon emissions, and waste management. Economic contraction during the pandemic appeared to reduce environmental reporting quality, highlighting how economic pressures can undermine corporate environmental accountability.

The COVID-19 pandemic affected Indonesia's economic growth which was marked by an economic growth of -2.1% in 2020.This economic contraction also affected the growth of industrial companies in Indonesia in the same year by -2.93%.These minus growths are also likely to reduce the transparency quality of industrial companies in managing their environmental impacts.This study aims to identify the effect of COVID-19 on the transparency of industrial companies in managing energy, water, carbon emissions, and waste.By analyzing the annual reports of 125 industrial companies operating in Indonesia, it was found that there was a significant decrease in the number of industrial companies reporting on energy, water, carbon emissions, and waste management in their annual reports.The number of companies reporting energy and water management decreased significantly during the pandemic, while the decline in the number of companies reporting carbon and waste emissions was not statistically significant.The Ministry of Forestry and Environment and the Indonesian Institute of Accountants need to facilitate industrial companies to disclose environmental reports in their annual reports.

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