KnE Social Sciences

Published date: Sep 16 2025

Journal Title: KnE Social Sciences

Issue title: The Mercu Buana Ecobiz Energy International Conference: Sustainability and ESG Reporting in the Energy Sector

Pages: 92 - 102

DOI: 10.18502/kss.v10i21.19695

Risna Rusniarrisnarusniarr@gmail.comMaster of Accounting, Institut Bisnis dan Informatika Kesatuan, Bogor

Dewi Sarifah TullahMaster of Accounting, Institut Bisnis dan Informatika Kesatuan, Bogor

The energy sector, known for its significant environmental impact, plays a crucial role in implementing green accounting and corporate social responsibility (CSR) practices. This study investigates the effects of green accounting (measured by environmental costs), environmental performance (evaluated through the PROPER rating), and CSR (assessed using the CSR Index) on the financial performance of energy companies listed on the Indonesia Stock Exchange from 2017 to 2021. It also examines the mediating role of firm value. Using secondary data from annual financial and sustainability reports of eleven companies, panel data regression was applied with EViews 12. The results show that green accounting and CSR positively influence financial performance and firm value, while environmental performance does not significantly affect either. This study offers new insights by integrating green accounting, environmental performance, and CSR into a single model to better understand their collective impact on financial performance and firm value in the energy sector.

Keywords: green accounting, environmental performance, corporate social responsibility, financial performance, energy sector

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