Abstract: This study aims to analyze the effect of sustainability report disclosure on corporate reputation with corporate governance as a moderating variable. The study was conducted on energy sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2023. Corporate reputation is measured using the closing stock price. Sustainability reports utilize the disclosure of Global Reporting Initiative (GRI) indicators on economic, social, and environmental aspects. Meanwhile, corporate governance is measured through independent commissioner size. This study uses a quantitative approach with a purposive sampling technique, which resulted in 38 companies as samples. The analysis method used is panel data regression analysis with a random effect model and Generalized Least Square (GLS) as an estimation method. The results of the study show that sustainability report disclosure has a negative effect on corporate reputation. Independent commissioner size has a positive effect on corporate reputation. In addition, the independent commissioner size variable is able to strengthen the relationship between sustainability reports and company reputation, which is indicated by positive interaction results. These findings emphasize the importance of good corporate governance practices in increasing the credibility and effectiveness of sustainability reporting to improve corporate reputation.

Keywords: Sustainability Report, Corporate Reputation, Corporate Governance, Independent Commissioner

Pages: 105-115

WSEAS Transactions on