Beyond industry materiality: Spatial weighting of environmental, social, and governance disclosure in an emerging market
業界マテリアリティを超えて：新興市場における環境・社会・ガバナンス開示の空間的重み付け (AI 翻訳)
Erika Pritasari Wybawa, Hermanto Siregar, Anny Ratnawati, Lukytawati Anggraeni
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所上場の消費者向け企業75社を対象に、ESG開示スコアの重み付け手法を検討。専門家判断によるAHPを活用し、国別の状況に応じた重み付けが開示の優先順位を変えることを実証。無加重と加重の比較により、経営と労働力が依然として主要指標である一方、資源利用が上位に入り、コミュニティと排出の重要性が低下することを示した。新興市場向けのコンテクスト依存型測定ツールを提案。
English
This study examines ESG disclosure weighting by developing a country-contingent approach for 75 Indonesian consumer firms. Using AHP-based expert weights, it finds that management and workforce remain dominant, but resource use rises while community and emissions decline in priority. The framework shifts from a social-governance-environmental hierarchy to near-equivalence of social and governance. It offers a context-sensitive measurement tool for emerging markets.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本企業がインドネシアなど新興市場でESG開示を行う際、業界一律のマテリアリティではなく現地の状況に応じた重み付けが重要であることを示唆。SSBJや有報での開示実務において、国別のカスタマイズを検討するきっかけとなる。
In the global GX context
This paper challenges the dominant industry-materiality approach in ESG frameworks, proposing a spatial weighting that accounts for country context. For global reporting standards (ISSB, GRI), it highlights the need for flexibility in materiality assessments, especially in emerging markets where environmental and social priorities differ from developed economies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on how country-contingent weighting changes ESG disclosure prioritization, useful for materiality research.
🏢実務担当者:Offers a practical method for tailoring ESG disclosure to local contexts, relevant for multinational firms reporting in emerging markets.
📄 Abstract（原文）
Environmental, social, and governance (ESG) disclosure scores are shaped by weighting choices, yet prevailing ESG frameworks still emphasize industry materiality more strongly than country context, although sustainability priorities differ across institutional and development settings (Gonzaga et al., 2024; Manurung et al., 2024). This study examines whether a spatial, country-contingent weighting approach changes the prioritization of disclosure dimensions among 75 consumer-based firms listed on the Indonesia Stock Exchange for the fiscal year 2024. Using sustainability and annual reports, the study develops a Refinitiv-aligned disclosure scoreboard covering 10 indicators and 40 scored items. Disclosure intensity is coded using a trichotomous scale (0, 0.5, 1), while indicator weights are derived from expert judgments through the analytic hierarchy process (AHP). Unweighted and weighted scores are compared using Friedman and paired Wilcoxon tests. The results show that management and workforce remain the dominant indicators under both schemes, but weighting elevates resource use into the top-three group while reducing the prominence of community and emissions. At the pillar level, the ordering shifts from a clear social-governance-environmental hierarchy to a pattern in which social and governance are nearly equivalent, while environmental remains lower. These findings position the framework as a context-sensitive measurement and prioritization tool for emerging markets.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.22495/jgrv15i3art5first seen 2026-07-25 05:54:32
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