Green Accounting, Environmental Performance, and Corporate Governance Effects on Energy Firm Performance in Indonesia (2021–2023)
This study aims to analyze the impact of the implementation of green accounting, environmental performance, and good corporate governance on company performance in the oil, gas, and coal subsector companies listed on the Indonesia Stock Exchange for the period 2021–2023. The research problem arises from the importance of sustainable business practices in the energy sector, which has a high environmental impact, yet has not consistently shown an improvement in company performance. This research uses a quantitative approach with secondary data in the form of annual reports and corporate sustainability reports. The sampling technique used the purposive sampling method with three criteria, resulting in 13 companies eligible for observation, with data analysis thru multiple linear regression and classical assumption testing and hypothesis testing (t-test and F-test). The research results indicate that green accounting and environmental performance do not have a significant impact on company performance, whereas good corporate governance has a positive and significant impact on company performance. These findings indicate that the improvement in company performance in the energy sector is more influenced by good corporate governance than merely the implementation of green accounting and environmental management. This study concludes that the integration of sustainability practices supported by strong governance is an important factor in improving the performance of energy sector companies in Indonesia.