Media Reporting on Environmental Issues and Its Association with Carbon Emission Disclosure

Abstract

This research aims to determine how media reporting and relevant
stakeholder groups influence the disclosure of carbon emissions by
energy companies listed on the Indonesia Stock Exchange from 2020 to
2022. The study analyzes 72 sustainability reports released by these
companies during this period, employing legitimacy theory to interpret
the findings. Multiple linear regression analysis was used to evaluate
the data. The results indicate that media reporting has a significant
positive effect on carbon emissions disclosure, while stakeholder
groups have no significant impact. Media coverage compels companies
to respond more transparently to public expectations and pressure
regarding carbon emissions. In contrast, companies seeking legitimacy
from the government may opt to meet only the minimum standards set
by regulations.