PENGARUH GREEN ACCOUNTING TERHADAP KINERJA PERUSAHAAN PT. SIDO MUNCUL

Abstract

This research aims to analyze the effect of implementing Green Accounting on the performance of PT. SIDOMUNCUL Tbk. and investors' views on the capital market over a period of 4 years (2019 – 2022). This research uses company performance data (Y1) and company value on the BEI stock exchange (Y2) as dependent variables. Company performance is proxied by ROE (Return on Equity), Company Value is proxied by PVB (Price to Book Value). And using Environmental Performance (KL) (X1) and Environmental Disclosure (PL) (X2) as Independent Variables. Environmental Performance is proxied by PROPER data issued by the Ministry of Environment and Forestry, and Environmental Disclosure is proxied by assessing Environmental Disclosure in the Sustainability Report based on 136 2016 GRI standard indicators. Data used include: stock trading data on the Indonesian Stock Exchange (BEI), Sustainability Report (SR), Financial Reports, PROPER Data. The research results reveal that Environmental Performance and Environmental Disclosure have a significant influence on Company Performance, while Environmental Performance and Environmental Disclosure have no influence on Investors' views but cannot conclude whether investors are interested in Green Accounting or not. It is hoped that the results of this research will be useful provide a deeper understanding of the company's contribution in increasing the company's awareness of the environment which is negatively influenced by the company's own activities. This research will provide a basis for companies to minimize environmental problems as a support for sustainable development. It is hoped that investors can also consider green accounting in companies they will collaborate with.