IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2023-02-58.html
   My bibliography  Save this article

Corporate Energy Management Disclosure : Empirical Evidence from Indonesia Stock Exchange

Author

Listed:
  • Meiryani Meiryani

    (Department of Accounting, School of Accounting, Bina Nusantara University, Jakarta Indonesia,)

  • Shi-Ming Huang

    (Department of Accounting and Information Technology, National Chung Chen University, Taiwan,)

  • A. S. L. Lindawati

    (Department of Accounting, School of Accounting, Bina Nusantara University, Jakarta Indonesia,)

  • Agung Purnomo

    (Department of Entrepreneurship, BINUS Business School Undergraduate Program, Bina Nusantara University Jl. K.H. Syahdan No. 9 Kemanggisan, Jakarta 11480, Indonesia,)

  • Mochammad Fahlevi

    (Department of Management, BINUS Online Learning, Bina Nusantara University, Jakarta 11480, Indonesia,)

  • Gazali Salim

    (Department of Aquatic Resource Management, Faculty of Fisheries and Marine Science, Borneo University, Tarakan, North Kalimantan, Indonesia.)

Abstract

Energy is one of the vital needs for humans. Indonesia as a developing country faces problems in ensuring the availability of energy. The aim of this research is to explore the development of practice energy management disclosure in accordance with GRI 302 (energy) in energy sub-sector companies listed on the Indonesia Stock Exchange (IDX) through disclosures issued by each company. This study uses secondary data collected from reports published by energy sub-sector companies listed on the Indonesia Stock Exchange (IDX) and can be accessed online. Data analysis was carried out using the data analysis model of Miles and Huberman (1992), namely data reduction, data presentation, drawing conclusions, and verification. The results of this study indicate that only thirty-six out of 74 energy subsector companies (49%) report energy management disclosure according to GRI 302 (energy) for three consecutive years (2020-2022). Nineteen out of thirty-six companies attach a GRI Index Reference to their GRI 302 (energy) reports. Meanwhile, the other thirty-eight companies did not attach the GRI Index Reference in their reports. The company is expected to develop a power plant that uses renewable energy as its energy source. By using renewable energy, companies can reduce consumption of non-renewable energy, and play a role in reducing CO2 emissions in the environment.

Suggested Citation

  • Meiryani Meiryani & Shi-Ming Huang & A. S. L. Lindawati & Agung Purnomo & Mochammad Fahlevi & Gazali Salim, 2023. "Corporate Energy Management Disclosure : Empirical Evidence from Indonesia Stock Exchange," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 516-525, March.
    • Handle: RePEc:eco:journ2:2023-02-58
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/14059/7241
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/14059
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anderson, Soren T. & Newell, Richard G., 2004. "Information programs for technology adoption: the case of energy-efficiency audits," Resource and Energy Economics, Elsevier, vol. 26(1), pages 27-50, March.
    2. Blass, Vered & Corbett, Charles J. & Delmas, Magali A. & Muthulingam, Suresh, 2014. "Top management and the adoption of energy efficiency practices: Evidence from small and medium-sized manufacturing firms in the US," Energy, Elsevier, vol. 65(C), pages 560-571.
    3. Ates, Seyithan Ahmet & Durakbasa, Numan M., 2012. "Evaluation of corporate energy management practices of energy intensive industries in Turkey," Energy, Elsevier, vol. 45(1), pages 81-91.
    4. Palm, Jenny & Thollander, Patrik, 2010. "An interdisciplinary perspective on industrial energy efficiency," Applied Energy, Elsevier, vol. 87(10), pages 3255-3261, October.
    5. Patterson, Murray G, 1996. "What is energy efficiency? : Concepts, indicators and methodological issues," Energy Policy, Elsevier, vol. 24(5), pages 377-390, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Perroni, Marcos G. & Gouvea da Costa, Sergio E. & Pinheiro de Lima, Edson & Vieira da Silva, Wesley, 2017. "The relationship between enterprise efficiency in resource use and energy efficiency practices adoption," International Journal of Production Economics, Elsevier, vol. 190(C), pages 108-119.
    2. Mette Talseth Solnørdal & Lene Foss, 2018. "Closing the Energy Efficiency Gap—A Systematic Review of Empirical Articles on Drivers to Energy Efficiency in Manufacturing Firms," Energies, MDPI, vol. 11(3), pages 1-30, February.
    3. A S M Monjurul Hasan & Andrea Trianni, 2020. "A Review of Energy Management Assessment Models for Industrial Energy Efficiency," Energies, MDPI, vol. 13(21), pages 1-21, November.
    4. Elpida V. Tachmitzaki & Eleni A. Didaskalou & Dimitrios A. Georgakellos, 2019. "Energy Management Practices’ Determinants in Greek Enterprises," Sustainability, MDPI, vol. 12(1), pages 1-18, December.
    5. Jalo, Noor & Johansson, Ida & Kanchiralla, Fayas Malik & Thollander, Patrik, 2021. "Do energy efficiency networks help reduce barriers to energy efficiency? -A case study of a regional Swedish policy program for industrial SMEs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    6. Suvrat Dhanorkar & Enno Siemsen, 2021. "How Nudges Lead to Improved Energy Efficiency in Manufacturing: Evidence from Archival Data and a Field Study," Production and Operations Management, Production and Operations Management Society, vol. 30(10), pages 3735-3757, October.
    7. Perroni, Marcos G. & Gouvea da Costa, Sergio E. & Pinheiro de Lima, Edson & Vieira da Silva, Wesley & Tortato, Ubiratã, 2018. "Measuring energy performance: A process based approach," Applied Energy, Elsevier, vol. 222(C), pages 540-553.
    8. Trianni, Andrea & Cagno, Enrico & Farné, Stefano, 2016. "Barriers, drivers and decision-making process for industrial energy efficiency: A broad study among manufacturing small and medium-sized enterprises," Applied Energy, Elsevier, vol. 162(C), pages 1537-1551.
    9. Suvrat S. Dhanorkar & Enno Siemsen & Kevin W. Linderman, 2018. "Promoting Change from the Outside: Directing Managerial Attention in the Implementation of Environmental Improvements," Management Science, INFORMS, vol. 64(6), pages 2535-2556, June.
    10. Trianni, Andrea & Cagno, Enrico & Bertolotti, Matteo & Thollander, Patrik & Andersson, Elias, 2019. "Energy management: A practice-based assessment model," Applied Energy, Elsevier, vol. 235(C), pages 1614-1636.
    11. Thollander, Patrik & Rohdin, Patrik & Moshfegh, Bahram, 2012. "On the formation of energy policies towards 2020: Challenges in the Swedish industrial and building sectors," Energy Policy, Elsevier, vol. 42(C), pages 461-467.
    12. Jose García-Quevedo & Xavier Massa-Camps, 2019. "Why firms invest (or not) in energy efficiency? A review of the econometric evidence," Working Papers 2019/07, Institut d'Economia de Barcelona (IEB).
    13. Sorrell, Steve, 2015. "Reducing energy demand: A review of issues, challenges and approaches," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 74-82.
    14. Cagno, Enrico & Trianni, Andrea, 2013. "Exploring drivers for energy efficiency within small- and medium-sized enterprises: First evidences from Italian manufacturing enterprises," Applied Energy, Elsevier, vol. 104(C), pages 276-285.
    15. Sa, Aida & Thollander, Patrik & Cagno, Enrico, 2017. "Assessing the driving factors for energy management program adoption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 538-547.
    16. Solnørdal, Mette Talseth & Thyholdt, Sverre Braathen, 2019. "Absorptive capacity and energy efficiency in manufacturing firms – An empirical analysis in Norway," Energy Policy, Elsevier, vol. 132(C), pages 978-990.
    17. Marlene Preiß, 2021. "Treiber und Hemmnisse betrieblicher Effizienzmaßnahmen – Vernetzung als Erfolgsfaktor [Drivers and barriers of operational efficiency measures—networking as a success factor]," NachhaltigkeitsManagementForum | Sustainability Management Forum, Springer, vol. 29(2), pages 93-106, June.
    18. Werner König & Sabine Löbbe & Stefan Büttner & Christian Schneider, 2020. "Establishing Energy Efficiency—Drivers for Energy Efficiency in German Manufacturing Small- and Medium-Sized Enterprises," Energies, MDPI, vol. 13(19), pages 1-31, October.
    19. Barbetta, Gian Paolo & Canino, Paolo & Cima, Stefano, 2015. "The impact of energy audits on energy efficiency investment of public owners. Evidence from Italy," Energy, Elsevier, vol. 93(P1), pages 1199-1209.
    20. Pusnik, Matevz & Al-Mansour, Fouad & Sucic, Boris & Gubina, A.F., 2016. "Gap analysis of industrial energy management systems in Slovenia," Energy, Elsevier, vol. 108(C), pages 41-49.

    More about this item

    Keywords

    Energy Management Disclosure; Energy Sub-Sector; Indonesia Stock Exchange (IDX); Management Energy;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G2 - Financial Economics - - Financial Institutions and Services
    • G4 - Financial Economics - - Behavioral Finance
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2023-02-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.