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This paper aims to analyze regulations and Environment Social and Governance (ESG) scores in Indonesia. The ESG assessment in Indonesia was carried out by the Indonesian Stock Exchange in collaboration with Morningsatar Sustainalytics. Research was carried out using a qualitative approach with literature reviews and descriptive methods. A literature review was conducted to analyze ESG policies in Indonesia. Descriptive analysis is carried out to see the issuer's ESG score. Data on ESG scores and controversy scores were obtained from the list issued by the IDX via idx.co.id as of 31 December 2023. There are 79 companies on the list. Based on the results of the literature review, OJK has regulated the content of sustainability reporting that companies must carry out so that companies are obliged to comply comprehensively. The descriptive test results show that the average ESG risk value for 79 companies is 29.32. There are 32 or 40.51% of companies in the high and severe categories. This means that quite a lot of companies in Indonesia have high or even severe ESG risks. The high and severe ESG risk categories are dominated by energy sector companies.
Aresteria et al. (Mon,) studied this question.