International Conference on Vocational Business, Logistic, Accounting, Supply Chain, Tax (ICoBLAST)

ABSTRACT
(250 – 350 words)
Introduction/Main Objectives: The research explores the relationship between audit committee characteristics, specifically size, frequency of meetings, and independence with Environmental, Social, and Governance (ESG) disclosure scores among publicly listed companies in Indonesia.
Background Problems: Grounded in stakeholder theory, it posits that the increased size of audit committees, more frequent meetings, and fully autonomous memberships are likely to enhance ESG transparency.
Novelty: The study's distinctive contribution is demonstrating that active governance practices, like regular audit committee meetings, are more crucial than structural attributes for enhancing ESG reporting, particularly in an emerging market context such as Indonesia.
Research Methods: This research employs a quantitative approach with an explanatory design to test the relationship between audit committee characteristics and ESG disclosure. This study utilizes secondary data extracted from annual and sustainability reports published by publicly listed Indonesian companies from 2023. The population comprises all firms listed on the Indonesia Stock Exchange (IDX). A multiple linear regression analysis of Indonesian firms was performed.
All variables will be tested for normality, multicollinearity, and heteroscedasticity before regression analysis using STATA software.
Findings/Results: Meeting frequency of audit committees positively correlates with ESG disclosure, whereas size and independence do not appear to have significant impacts.
Conclusion: The study shows that when audit committees meet more often, it helps improve ESG (Environmental, Social, and Governance) scores for companies in Indonesia. However, the size and independence of the committee do not have much effect. This means that being active in governance is more important for better ESG performance than just having certain structures.
Implementation Potential: The study contributes to understanding how corporate governance mechanisms can support sustainability initiatives in emerging markets, offering valuable insights for companies, regulators, and investors focused on improving ESG disclosure and fostering responsible business practices.
Keywords: Environment; Social; Governance; Audit Committee; Disclosure
JEL Classification: (list the relevant JEL codes separated by commas, refer to https://www.aeaweb.org/jel/guide/jel.php)

1. Introduction/Main Objectives: The research explores the relationship between audit committee characteristics, specifically size, frequency of meetings, and independence with Environmental, Social, and Governance (ESG) disclosure scores among publicly listed companies in Indonesia.
2. Background Problems: Grounded in stakeholder theory, it posits that the increased size of audit committees, more frequent meetings, and fully autonomous memberships are likely to enhance ESG transparency.
3. Novelty: The study's distinctive contribution is demonstrating that active governance practices, like regular audit committee meetings, are more crucial than structural attributes for enhancing ESG reporting, particularly in an emerging market context such as Indonesia.
4. Research Methods: This research employs a quantitative approach with an explanatory design to test the relationship between audit committee characteristics and ESG disclosure. This study utilizes secondary data extracted from annual and sustainability reports published by publicly listed Indonesian companies from 2023. The population comprises all firms listed on the Indonesia Stock Exchange (IDX). A multiple linear regression analysis of Indonesian firms was performed.
5. All variables will be tested for normality, multicollinearity, and heteroscedasticity before regression analysis using STATA software.
6. Findings/Results: Meeting frequency of audit committees positively correlates with ESG disclosure, whereas size and independence do not appear to have significant impacts.
7. Conclusion: The study shows that when audit committees meet more often, it helps improve ESG (Environmental, Social, and Governance) scores for companies in Indonesia. However, the size and independence of the committee do not have much effect. This means that being active in governance is more important for better ESG performance than just having certain structures.
8. Implementation Potential: The study contributes to understanding how corporate governance mechanisms can support sustainability initiatives in emerging markets, offering valuable insights for companies, regulators, and investors focused on improving ESG disclosure and fostering responsible business practices.
9. Keywords: Environment; Social; Governance; Audit Committee; Disclosure
10. JEL Classification: (list the relevant JEL codes separated by commas, refer to https://www.aeaweb.org/jel/guide/jel.php)