Volunteer or Forced: A Portrait of Sustainability Report in Indonesia

Abstract

Objective: This study aimed to explore the company's seriousness in preparing a sustainability report. The assessment of the indicators' suitability used the guidance of Global Reporting Initiatives and found that the company has tried to fulfill the GRI's Guidance.   Method: This study used a qualitative approach to explain sustainability report disclosure and GRI guidance. Thirty-eight companies have been selected from Asia Sustainability Reporting 2018; by using purposive random sampling. There were only three companies chosen as the research subject. Data was collected with document analysis, observation, and depth-interview.   Results: This study showed that the award obtained by companies becomes one of the additional motivations related to the level of disclosure suitability. It was related to the seriousness of preparing the sustainability report that the Government can use as environmental organizations and academics to boost the company to implement the social responsibility and environment that implements the activity. It was helpful for stakeholders to assess the company's environmental and social performance.   Conclusions: The seriousness of sustainability reporting corresponds with the level of sustainability reporting against GRI standards and the external auditors who review the reports. By implementing sustainability reporting, stakeholders can more holistically assess a company's performance.