Performance Assessment and Implementation of the Triple Bottom Line on Industrial Companies Listed on the Indonesia Stock Exchange

Siti Kustinah

doi:10.54783/endless.v5i1.214

Siti Kustinah Universitas Jenderal Achmad Yani Cimahi, Indonesia

DOI: https://doi.org/10.54783/endless.v5i1.214

Keywords: Performance, Implementation, Triple Bottom Line, Industry, Environment.

Abstract

This study aimed to determine the performance appraisal and implementation of the triple bottom line in industrial companies listed on IDX. This research uses descriptive quantitative research. The annual report is analyzed using the content analysis method, which collects data using observation and analysis techniques on messages from documents to produce an objective and systematic description. The type of data used in this study is secondary cross-sectional data collected through documentation techniques. Based on the non-parametric test that has been carried out, it can be concluded that the disclosure of triple bottom line reporting in Indonesia is still very minimal. It is suspected that the company did not use the annual report to communicate between the company and its stakeholders. It is possible that the company only uses the yearly report as information for shareholders and potential investors.

References

Agyeiwaah, E. (2019). Exploring The Relevance Of Sustainability to Micro Tourism and Hospitality Accommodation Enterprises (MTHAES): Evidence from Home-Stay Owners. Journal of Cleaner Production, 226, 159-171.

Ahmad, S., & Wong, K. Y. (2019). Development of Weighted Triple-Bottom Line Sustainability Indicators for The Malaysian Food Manufacturing Industry using The Delphi Method. Journal of Cleaner Production, 229, 1167-1182.

Aras, G., Tezcan, N., & Furtuna, O. K. (2018). Multidimensional Comprehensive Corporate Sustainability Performance Evaluation Model: Evidence from An Emerging Market Banking Sector. Journal of Cleaner Production, 185, 600-609.

Arif, L., & Karmila, K. (2019). Pengaruh Pemberian Pupuk Organik Kompos Kandang Sapi terhadap Pertumbuhan dan Hasil Tanaman Cabe Keriting (Capsicum annum L). Jurnal Agrotech, 9(1), 7-11.

Aust, I., Matthews, B., & Muller-Camen, M. (2020). Common Good HRM: A Paradigm Shift in Sustainable HRM?. Human Resource Management Review, 30(3), 100705.

Bamgbade, J. A., Kamaruddeen, A. M., Nawi, M. N. M., Adeleke, A. Q., Salimon, M. G., & Ajibike, W. A. (2019). Analysis of Some Factors Driving Ecological Sustainability in Construction Firms. Journal of Cleaner Production, 208, 1537-1545.

Bastas, A., & Liyanage, K. (2019). Integrated Quality and Supply Chain Management Business Diagnostics for Organizational Sustainability Improvement. Sustainable Production and Consumption, 17, 11-30.

Birkel, H., & Müller, J. M. (2021). Potentials of Industry 4.0 for Supply Chain Management within The Triple Bottom Line of Sustainability–A Systematic Literature Review. Journal of Cleaner Production, 289, 125612.

Biswas, I., Raj, A., & Srivastava, S. K. (2018). Supply Chain Channel Coordination with Triple Bottom Line Approach. Transportation Research Part E: Logistics and Transportation Review, 115, 213-226.

Burki, U., Ersoy, P., & Dahlstrom, R. (2018). Achieving Triple Bottom Line Performance in Manufacturer-Customer Supply Chains: Evidence From an Emerging Economy. Journal of Cleaner Production, 197, 1307-1316.

Digdowiseiso, K. (2020). The Development of Higher Education in Indonesia. International Journal of Scientific & Technology Research, 9(2).

Digdowiseiso, K., & Sugiyanto, E. (2018). Causality on The Growth-Governance-Fiscal Decentralization Nexus: An Analysis of Time Series in Indonesia. Journal of Applied Economic Sciences, 13(7 (61)).

Digdowiseiso, K., & Sugiyanto, E. (2021). How Effective is Institutional Quality for the Creation of Small & Medium Enterprises (SMEs) in Indonesia?. Economics & Sociology, 14(1), 263-274.

Digdowiseiso, K., & Zainul, D. (2020). Fiscal Decentralization in District of Karawang, Indonesia. International Journal of Scientific & Technology Research, 9(2).

Digdowiseiso, K., Setiawan, H. D., Sugiyanto, E., & Suharyono, S. (2020). Does Leadership Matter in Managing The Village-Owned Enterprise?. Opción: Revista de Ciencias Humanas y Sociales, (93), 115-135.

Digdowiseiso, K., Sugiyanto, E., & Setiawan, H. D. (2020). Business Licensing and Indonesia's Master Plan 2011–2025. International Journal Of Scientific & Technology Research, 9(01).

Digdowiseiso, K., Sugiyanto, E., & Setiawan, H. D. (2020). Fiscal Decentralisation and Inequality in Indonesia. Экономика региона. 2020. Том. 16, выпуск 3, 16(3), 989-1002.

Flygansvær, B., Dahlstrom, R., & Nygaard, A. (2018). Exploring The Pursuit of Sustainability In Reverse Supply Chains for Electronics. Journal of Cleaner Production, 189, 472-484.

Halkos, G., & Nomikos, S. (2021). Corporate Social Responsibility: Trends in Global Reporting Initiative Standards. Economic Analysis and Policy, 69, 106-117.

Junior, A. N., de Oliveira, M. C., & Helleno, A. L. (2018). Sustainability Evaluation Model for Manufacturing Systems Based on The Correlation Between Triple Bottom Line Dimensions and Balanced Scorecard Perspectives. Journal of Cleaner Production, 190, 84-93.

Kravchenko, M., Pigosso, D. C., & McAloone, T. C. (2019). Towards The Ex-Ante Sustainability Screening of Circular Economy Initiatives in Manufacturing Companies: Consolidation of Leading Sustainability-Related Performance Indicators. Journal of Cleaner Production, 241, 118318.

Lopez-Cabrales, A., & Valle-Cabrera, R. (2020). Sustainable HRM Strategies and Employment Relationships as Drivers of The Triple Bottom Line. Human Resource Management Review, 30(3), 100689.

Lukman. (2020). The Influence of Guano Organic Fertilizer in Sustainable Agricultural Systems on Growth and Results of Sweet Corn Plants (Zea mays saccharata L). ENDLESS: International Journal of Future Studies, 3(2), 128-138.

Lukman. (2021). Kombinasi Penggunaan Kompos Eceng Gondok (Eichhornia Crassipes) dengan Pupuk Kandang Ayam terhadap Laju Pertumbuhan Bibit Tanaman Kopi Robusta (Coffea canephora). Jurnal Sains dan Teknologi, 10(2), 200-2010.

Lukman. (2021). The Utilization of Organic Waste Chicken Cage Fertilizer on The Growth of Cocoa (Theobroma Cacao L.). International Journal of Science and Society, 3(4), 167-176.

Mastrocinque, E., Ramírez, F. J., Honrubia-Escribano, A., & Pham, D. T. (2020). An AHP-Based Multi-Criteria Model for Sustainable Supply Chain Development in The Renewable Energy Sector. Expert Systems with Applications, 150, 113321.

Minang, H. P., Digdowiseiso, K., & Sugiyanto, E. (2021). Pelaksanaan Kebijakan Alokasi Dana Desa dalam Memperdayakan Masyarakat Desa: Studi Kasus Desa Caturtunggal, Kecamatan Depok, Kabupaten Sleman. Ilmu dan Budaya, 42(73).

Miska, C., Szőcs, I., & Schiffinger, M. (2018). Culture’s Effects on Corporate Sustainability Practices: A Multi-Domain and Multi-Level View. Journal of World Business, 53(2), 263-279.

Muñoz-Villamizar, A., Santos, J., Viles, E., & Ormazábal, M. (2018). Manufacturing and Environmental Practices in The Spanish Context. Journal of Cleaner Production, 178, 268-275.

Nikolaou, I. E., & Tsalis, T. (2018). A Framework to Evaluate Eco-and Social-Labels for Designing A Sustainability Consumption Label to Measure Strong Sustainability Impact of Firms/Products. Journal of Cleaner Production, 182, 105-113.

Oliveira, R., Zanella, A., & Camanho, A. S. (2019). The Assessment of Corporate Social Responsibility: The Construction of An Industry Ranking and Identification of Potential for Improvement. European Journal of Operational Research, 278(2), 498-513.

Rashidi, K., Noorizadeh, A., Kannan, D., & Cullinane, K. (2020). Applying The Triple Bottom Line in Sustainable Supplier Selection: A Meta-Review of The State-of-The-Art. Journal of Cleaner Production, 269, 122001.

Ritala, P., Huotari, P., Bocken, N., Albareda, L., & Puumalainen, K. (2018). Sustainable Business Model Adoption among S&P 500 Firms: A Longitudinal Content Analysis Study. Journal of Cleaner Production, 170, 216-226.

Rozandi, M., & Digdowiseiso, K. (2021). Implementasi Penggunaan Dana Desa terhadap Pembangunan (Studi Kasus Desa Sengkubang Kecamatan Mempawah Hilir Provinsi Kalimatan Barat). Jurnal Sosial dan Humaniora, 6(1), 47-62.

Sugiyanto, E., & Digdowiseiso, K. (2017). Revisiting The Aid-Growth Nexus: New Evidence on 56 Least Developed Countries. J. Advanced Res. L. & Econ., 8, 1950.

Sugiyanto, E., & Digdowiseiso, K. (2019). Do Incidence and Duration of Child Labour Matter on Schooling in Indonesia?. International Journal of Education Economics and Development, 10(1), 22-35.

Sugiyanto, E., Digdowiseiso, K., Waluyo, T., & Setiawan, H. D. (2018). The Effects of Specific Allocation Fund (DAK) on Local Economic Development: A Mixed-Method Analysis on Central Java Province, Indonesia. Journal of Applied Economic Sciences, 13(8 (62)), 1-9.

Sugiyanto, E., Djumadin, Z., & Digdowiseiso, K. (2018). Irrigation Planning in The Era of Local Autonomy: An Analysis of Existing and Alternative Model. J. Advanced Res. L. & Econ., 9, 692.

Suharyono, S., & Digdowiseiso, K. (2021). Education and Gender Wage Gap: Evidence from Indonesia. Accounting, 7(1), 33-40.

Suharyono, S., & Digdowiseiso, K. (2021). The Effects of Environmental Quality on Indonesia’s Inbound Tourism. International Journal of Energy Economics and Policy, 11(1), 9.

Svensson, G., Ferro, C., Høgevold, N., Padin, C., Varela, J. C. S., & Sarstedt, M. (2018). Framing The Triple Bottom Line Approach: Direct and Mediation Effects Between Economic, Social and Environmental Elements. Journal of Cleaner Production, 197, 972-991.

Taufik, A., Sugiyanto, E., & Digdowiseiso, K. (2021). Analisis Kesehatan Keuangan Daerah Kabupaten/Kota Se-Provinsi Banten Tahun Anggaran 2016-2019. Ilmu dan Budaya, 42(73).

Waluyo, T., Digdowiseiso, K., & Sugiyanto, E. (2019). The Costs of Reduction Emission from Deforestation and Forest Degradation. Concepts and Issues. Journal of Environmental Management & Tourism, 10(1 (33)), 636-72.

Zaid, A. A., Jaaron, A. A., & Bon, A. T. (2018). The Impact of Green Human Resource Management and Green Supply Chain Management Practices on Sustainable Performance: An Empirical Study. Journal of Cleaner Production, 204, 965-979.

Zulmasyhur, Z. (2018). Reexamining The Economic Growth–Education Inequality–Income Distribution Nexus in Indonesia. Journal of Applied Economic Sciences (JAES), 13(58), 979-988.