Qualitative analysis shows ESG disclosure affects sustainable investment in Indonesia, implying collaboration is needed.
Key Points
Strengthening ESG disclosure credibility is vital for enhancing sustainable investment in Indonesia, yet current efforts face limitations.
Investors' confidence is influenced by the quality of ESG disclosure, with regulatory frameworks from OJK and IDX providing foundational support.
A qualitative method analyzes ESG disclosure's role, revealing challenges like regulatory fragmentation and greenwashing risks that reduce reporting effectiveness.
Harmonizing standards and improving corporate capacity are crucial for reducing inconsistency and enhancing the comparability of sustainability reports.