Carbon Emission Disclosure in Indonesia: Perspective of Stakeholder Theory

Indonesia has been ranked as the 10th highest country in the world in terms of carbon emission. This is the reason for the government to set regulations so that companies can contribute to reducing carbon emissions. This research investigates how ownership structure namely institutional ownership, managerial ownership, and foreign ownership affects carbon emission disclosure. Using quantitative approach, this research focuses on mining, basic industry, and chemical sector listed on the Indonesia Stock Exchange from 2020 to 2022, 31 companies were obtained as research objects based on purposive sampling technique. To validate the hypothesis, a statistical analysis called multiple linear regression is used. The study has shown that the average level of disclosure of carbon emissions by mining, basic industries, and chemical companies in Indonesia is still low. Result confirm that managerial ownership influence on carbon emission disclosure, while institutional ownership and foreign ownership do not influence on carbon emission disclosure