This study investigates the mediating role of profitability in the relationship between corporate governance and leverage on sustainability report disclosure. The sample comprises 25 firms from the Kompas 100 Index on the Indonesia Stock Exchange for the 2019 - 2024 period, selected using purposive sampling. Panel data regression and Sobel mediation tests were conducted with EViews 12. Results reveal that institutional ownership and leverage negatively and significantly affect sustainability report disclosure, while the board of directors shows no significant effect. Institutional ownership and the board of directors also have no significant impact on profitability, whereas leverage negatively affects it. Profitability significantly enhances sustainability report disclosure and mediates the effect of leverage, but not the effects of institutional ownership or the board of directors. These findings highlight the strategic role of profitability in linking capital structure decisions to sustainability reporting practices
Aryani et al. (Wed,) studied this question.