The Effect of Carbon Emission Disclosure, Green Investment, and Environmental Performance on Company Value in Energy Sector Companies Listed on the Indonesia Stock Exchange in 2021-2024

Abstract

This study aims to analyze the influence of Carbon Emission Disclosure, Green Investment, and Environmental Performance on company value in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2024. This finding is motivated by the increasing attention to climate change issues and corporate sustainability, especially in the energy sector, which has a high level of carbon emissions. This finding uses a quantitative method with a causality approach. The study population is all energy sector companies listed on the IDX during the period 2021–2024. The sampling technique used purposive sampling, resulting in 132 research data. The data used is secondary data obtained from annual reports and sustainability reports. The data analysis technique uses multiple linear regression analysis with the help of the SPSS program version 24. The findings indicate that Carbon Emission Disclosure does not affect company value, Green Investment hurts company value, and Environmental Performance does not affect company value. The research findings indicate that investors in the energy sector are more oriented towards financial aspects than environmental aspects in assessing companies.