Implementation of Green Accounting to Support High-Quality SDGs Disclosure and Enhance Stock Prices

Abstract

Natural resources are the primary raw materials produced by companies within the Mining Sector. Their products are not only needed by the Indonesian community but also by people in other countries. In the context of business expansion, the mining sector requires significant funding. In reality, based on data obtained from the Indonesia Stock Exchange, the stock prices in this sector continue to decline. The fact that many companies disclose Sustainability Development Goals in a non-detailed manner is a cause of the decline in a company's reputation in the eyes of the public. The suboptimal disclosure of Sustainable Development Goals is due to the fact that many companies in the mining sub-sector are neglecting their obligations for reclamation funds, commonly referred to as Green Accounting. The aim of this research is to analyze that relationship. The totalresearch observations are 45 companies and will be tested using path analysis. The research results indicate that the implementation of Green Accounting can enhance the quality of Sustainability Development Goals disclosure, High-quality Sustainability Development Goals disclosure can increase Stock Prices, and the implementation of Green Accounting can boost Stock Prices through high-quality SDGs disclosure.