CHOOSING THE MOST SUITABLE SUSTAINABILITY REPORT STANDARD FOR BANKING INDUSTRY : A CASE STUDY OF BANK ABC
Currently, there is a global shift in all industries, including the banking industry regarding sustainability. Sustainability is an important aspect for the banking industry because it affects financial performance, risk management, reputation management, regulatory compliance, customer/investor tru...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/85705 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Currently, there is a global shift in all industries, including the banking industry regarding sustainability. Sustainability is an important aspect for the banking industry because it affects financial performance, risk management, reputation management, regulatory compliance, customer/investor trust, and social impact. One tool that can be used to manage sustainability practices is through sustainability report. However, currently the disclosure in this sustainability report is not completely ideal. Bank tends to discloses more economic and social aspect than environmental aspect. There are various standards available for preparing sustainability reports, including POJK 51, GRI, TCFD, CDP, IFRS, and others. The wide range of standards highlights the complexity of sustainability issues and the varying information needs of stakeholders. This study seeks to identify which standard is best suited for the banking industry, using Bank ABC as a case study. This research adopts both qualitative and quantitative approaches. Data for the study is obtained from literature reviews, interviews, and questionnaire responses from participants. The respondents in this study are the team responsible for preparing sustainability reports at Bank ABC. In selecting the best standard, the author uses the Analytic Hierarchy Process (AHP) technique. The best sustainability reporting standard used for banking in Indonesia is POJK 51, with a priority score of 42,66%. This result is likely because the bank's main priority is to comply with the regulator. The GRI standard received the second priority with score of 26,62%, and the SASB standard received the third priority with score of 8,5%.
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