Implementation of IFRS S1 and S2 in PT PLN (Persero) Sustainability Reporting

Abstract

Pressure from investors regarding non-financial information, environmental,
social and governance issues is the main focus behind the implementation of
IFRS S1 and S2 in PT PLN's sustainability reporting. The analysis used is in
the form of a case study with data from observation, documentation and
interviews using content and thematic analysis. The results show that in
implementing IFRS S1 and S2 PT PLN publishes sustainability reports, ESG
performance reports and TCFD reports, aiming to provide useful information
for investors in decision making. PT PLN also aligned the core content of the
ESG performance report with IFRS S1 and the TCFD report with IFRS S2.
Challenges faced in implementing IFRS S1 and S2 include: meeting investor
expectations regarding climate-related information presented, connectivity of
the ESG Performance Report with financial statements, as well as targets for
submitting IFRS S1 and S2 reporting simultaneously with financial reports.