Advancing Sustainable Development Goals: The Impact of Corporate Governance Mechanisms and Industry Type on Business Contributions

Elin Erlina Sasanti; Saipul Arni Muhsyaf; Sapto Hendri BS

doi:10.23917/reaksi.v8i2.3055

Authors

Elin Erlina Sasanti Universitas Udayana
Indonesia
Saipul Arni Muhsyaf Universitas Udayana
Indonesia
Sapto Hendri BS Universitas Mataram
Indonesia

DOI:

https://doi.org/10.23917/reaksi.v8i2.3055

Keywords:

board meetings, board of commissioners’ independence, CEO independence, corporate governance, industry, sustainable development goals

Abstract

The 2030 Agenda for Sustainable Development calls for global businesses to support Sustainable Development Goals (SDGs). This study examines the impact of corporate governance mechanisms, particularly board of directors' roles, on SDG achievement through company disclosures and explores industry type as a moderating factor. Analyzing 408 IDX-listed companies from 2018-2020, the study finds that CEO independence, independent boards of commissioners, and frequent board meetings can enhance SDG achievement as reported in financial statements. However, industry types may affect SDG achievement, potentially reducing the influence of CEO independence and independent boards of commissioners. The research highlights the significance of corporate governance mechanisms and industry type in promoting SDG achievement in businesses