How Sustainable Finance Drives Financial Performance: Evidence from KKUB Firms with 2024 Sustainability Ratings
持続可能な金融が財務業績に与える影響：2024年サステナビリティ評価によるKKUB企業の証拠 (AI 翻訳)
Evana Pasaribu, Martua E. Tambunan
🤖 gxceed AI 要約
日本語
本研究は、インドネシアのNDC優先セクターにおける持続可能な金融（SF）実務が企業の財務業績に与える影響を分析。2024年のサステナビリティ評価、GRIベンチマーク、POJK 51/2017の規制要件を統合し、ESG統合、報告品質、グリーンタクソノミーへの準拠が効率性と財務成果を向上させることを示した。
English
This study examines how Sustainable Finance practices affect financial performance in Indonesia's NDC priority sectors using 2024 sustainability ratings, GRI benchmarks, and POJK 51/2017. It finds that mature ESG governance improves cost efficiency, risk mitigation, and access to green financing, supporting long-term firm value.
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
インドネシアの規制環境（POJK 51/2017）とグリーンタクソノミーに焦点を当てた研究であり、日本のGX実務への直接的な示唆は限定的。ただし、新興国におけるESG開示と財務パフォーマンスの関連性を示す点で、国際的な開示議論への参考となる。
In the global GX context
This paper provides evidence from Indonesia on how sustainable finance implementation and ESG disclosure drive financial performance, complementing global studies with a developing-country perspective. It highlights the role of regulatory frameworks (POJK 51/2017) and green taxonomy in shaping corporate behavior, relevant for global disclosure and transition finance discussions.
👥 読者別の含意
🔬研究者:Offers empirical evidence from an emerging market on the link between sustainable finance and financial performance, useful for comparative studies.
🏢実務担当者:Demonstrates the financial benefits of robust ESG governance and transparent reporting, which can inform corporate sustainability strategies.
🏛政策担当者:Highlights the effectiveness of regulatory frameworks like POJK 51/2017 in promoting sustainable finance, relevant for policymakers designing similar mandates.
📄 Abstract（原文）
This study examines the influence of Sustainable Finance (SF) practices on the financial performance of companies operating in Indonesia’s NDC priority sectors by integrating evidence from 2024 sustainability ratings, global GRI-based benchmarks, and regulatory requirements under POJK 51/2017. The research analyzes how ESG integration, sustainability reporting quality, and adherence to the Indonesian Green Taxonomy shape firms’ operational efficiency and financial outcomes, particularly among companies classified as Sustainable Business Activities (KKUB). The originality of this study lies in its cross-sector comparative approach, which links SF implementation to measurable financial results while incorporating updated regional and global sustainability rating frameworks. Findings show that firms with mature ESG governance achieve stronger cost efficiency, improved risk mitigation, and enhanced access to green financing, leading to better overall financial resilience. The results also highlight the role of transparent sustainability reporting in strengthening corporate accountability, aligning environmental disclosures with emerging tax governance expectations, and reducing compliance risks related to emissions and resource use. These insights confirm that integrating SF and high-quality ESG disclosure contributes to long-term firm value while supporting national low-carbon development objectives. The study provides implications for managers, investors, and regulators in optimizing sustainability-driven financial strategies
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.58777/tpf.v3i1.566first seen 2026-05-14 22:17:00
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。