Sustainability-related corporate governance and greenwashing practices: preliminary evidence from southeast Asian companies DOI
Arie Pratama, Haslinda Yusoff, Winwin Yadiati

et al.

Meditari Accountancy Research, Journal Year: 2025, Volume and Issue: unknown

Published: March 18, 2025

Purpose This study aims to examine how sustainability-related corporate governance mechanisms mitigate greenwashing in Southeast Asia. It investigates the impact of sustainability committees, sustainability-focused directors, certification and assurance processes directors’ knowledge on environmental, social, disclosure transparency across firms Indonesia, Malaysia, Singapore Thailand. Design/methodology/approach Using a quantitative explanatory approach, this analyzes listed indices four countries. Data from annual reports (2021–2022) Refinitiv scores are examined. A purposive sample 132 companies (264 observations) is analyzed. Greenwashing measured by comparing international financial reporting standards S1-based with performance scores. Descriptive statistics, nonparametric tests logistic regression applied. Findings Sustainability structures, particularly fail prevent greenwashing. significant correlation exists between committee size likelihood, executive-dominated committees fostering symbolic efforts. Other factors, such as directors certifications, show no impact. Younger, less profitable more prone Even countries strong frameworks, struggle greenwashing, while Indonesia Thailand exhibit fewer cases. highlights need for standardized frameworks. Originality/value provides novel insights into exacerbate reveals disparities By addressing immaturity, insufficient training lack underscores importance standards.

Language: Английский

Sustainability-related corporate governance and greenwashing practices: preliminary evidence from southeast Asian companies DOI
Arie Pratama, Haslinda Yusoff, Winwin Yadiati

et al.

Meditari Accountancy Research, Journal Year: 2025, Volume and Issue: unknown

Published: March 18, 2025

Purpose This study aims to examine how sustainability-related corporate governance mechanisms mitigate greenwashing in Southeast Asia. It investigates the impact of sustainability committees, sustainability-focused directors, certification and assurance processes directors’ knowledge on environmental, social, disclosure transparency across firms Indonesia, Malaysia, Singapore Thailand. Design/methodology/approach Using a quantitative explanatory approach, this analyzes listed indices four countries. Data from annual reports (2021–2022) Refinitiv scores are examined. A purposive sample 132 companies (264 observations) is analyzed. Greenwashing measured by comparing international financial reporting standards S1-based with performance scores. Descriptive statistics, nonparametric tests logistic regression applied. Findings Sustainability structures, particularly fail prevent greenwashing. significant correlation exists between committee size likelihood, executive-dominated committees fostering symbolic efforts. Other factors, such as directors certifications, show no impact. Younger, less profitable more prone Even countries strong frameworks, struggle greenwashing, while Indonesia Thailand exhibit fewer cases. highlights need for standardized frameworks. Originality/value provides novel insights into exacerbate reveals disparities By addressing immaturity, insufficient training lack underscores importance standards.

Language: Английский

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