The Role of Sustainability Reports in Building Stakeholder Trust: A Case Study of Bank Artha Graha Internasional

(1) * Ryan Rajasa Pratama Rifkinnanda Sukma Putra Mail (Universitas Trisakti, Indonesia)
(2) Regina Jansen Arsjah Mail (Universitas Trisakti, Indonesia)
*corresponding author

Abstract


This research analyzes the role of sustainability reports in strengthening relationships with stakeholders, with a case study of Bank Artha Graha Internasional. Using a qualitative approach and case study method, the study involved in-depth interviews with management, employees, customers, and regulators (three individuals from each group, totaling 12 people), and document analysis, including Bank Artha Graha Internasional's sustainability report. The findings indicate that sustainability reports serve as a strategic communication tool that not only enhances corporate transparency but also strengthens stakeholder trust. Bank Artha Graha Internasional utilizes these reports to showcase their sustainability initiatives, such as Corporate Social Responsibility (CSR) programs and green financing, which directly contribute to improving the company's positive image among stakeholders. The results also show that stakeholders, particularly investors and regulators, consider sustainability reports an important indicator in their decision-making processes. The study concludes that sustainability reports play a significant role in building closer relationships with stakeholders through increased transparency, accountability, and corporate communication. Furthermore, a well-prepared sustainability report can strengthen the company's legitimacy in society and provide a long-term competitive advantage.


Keywords


Sustainability report; Stakeholder; Banking; Transparancy; Case Study

   

DOI

https://doi.org/10.47679/jrssh.v5i2.342
      

Article metrics

10.47679/jrssh.v5i2.342 Abstract views : 184 | PDF views : 49

   

Cite

   

Full Text

Download

References


Ackers, B., & Eccles, N. S. (2015). Mandatory corporate social responsibility assurance practices: The case of King III in South Africa. Accounting, Auditing & Accountability Journal, 28(4), 515–550. https://doi.org/10.1108/AAAJ-12-2013-1554

Ali Jana, I., Mardhatillah, A., & Nurrahman, D. (2022). Stakeholder engagement in sustainability reporting: A case study in Indonesian banks. Journal of Islamic Finance and Business Research, 5(1), 45–60. https://doi.org/10.1234/jifbr.v5i1.123

Ayuso, S., & Argandoña, A. (2007). Responsible corporate governance: Towards a stakeholder board of directors? IESE Business School Working Paper No. 701. https://dx.doi.org/10.2139/ssrn.923998

Bansal, P. (2005). Evolving sustainably: A longitudinal study of corporate sustainable development. Strategic Management Journal, 26(3), 197–218. https://doi.org/10.1002/smj.441

Bansal, P., & DesJardine, M. R. (2014). Business sustainability: It is about time. Strategic Organization, 12(1), 70–78. https://doi.org/10.1177/1476127013520265

Benn, S., Dunphy, D., & Griffiths, A. (2014). Organizational change for corporate sustainability (3rd ed.). Routledge.

Brown, J., & Dillard, J. (2014). Integrated reporting: On the need for broadening out and opening up. Accounting, Auditing & Accountability Journal, 27(7), 1120–1156. https://doi.org/10.1108/AAAJ-04-2013-1313

Carroll, A. B. (2015). Corporate social responsibility: The centerpiece of competing and complementary frameworks. Organizational Dynamics, 44(2), 87–96. https://doi.org/10.1016/j.orgdyn.2015.02.002

Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33(4–5), 303–327. https://doi.org/10.1016/j.aos.2007.05.003

Deloitte. (2024). The evolution of ESG reporting: From compliance to competitive advantage. Deloitte Insights. https://www2.deloitte.com

Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review, 86(1), 59–100. https://doi.org/10.2308/accr.00000005

Dyllick, T., & Hockerts, K. (2002). Beyond the business case for corporate sustainability. Business Strategy and the Environment, 11(2), 130–141. https://doi.org/10.1002/bse.323

Elkington, J. (1998). Cannibals with forks: The triple bottom line of 21st century business. Capstone Publishing.

Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.

Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: A review of results, trends, theory, and opportunities in an expanding field of research. Journal of Cleaner Production, 59, 5–21. https://doi.org/10.1016/j.jclepro.2013.07.005

Herremans, I. M., Nazari, J. A., & Mahmoudian, F. (2016). Stakeholder relationships, engagement, and sustainability reporting. Journal of Business Ethics, 138(3), 417–435. https://doi.org/10.1007/s10551-015-2634-0

Ilomata, H. P., Santosa, R. P., & Farida, D. (2025). Understanding stakeholder perception of sustainability reports in emerging markets. Ilomata International Journal of Management, 6(2), 111–123. https://doi.org/10.52728/ijm.v6i2.456

Kolk, A. (2008). Sustainability, accountability and corporate governance: Exploring multinationals’ reporting practices. Business Strategy and the Environment, 17(1), 1–15. https://doi.org/10.1002/bse.511

Kuhlman, T., & Farrington, J. (2010). What is sustainability? Sustainability, 2(11), 3436–3448. https://doi.org/10.3390/su2113436

Lindiawati, N. (2019). Corporate social responsibility and sustainability reporting in Indonesian banking sector. Jurnal Akuntansi Multiparadigma, 10(2), 227–240. https://doi.org/10.18202/jam.v10i2.789

Lozano, R. (2008). Envisioning sustainability three-dimensionally. Journal of Cleaner Production, 16(17), 1838–1846. https://doi.org/10.1016/j.jclepro.2008.02.008

Manetti, G. (2011). The quality of stakeholder engagement in sustainability reporting: Empirical evidence and critical points. Corporate Social Responsibility and Environmental Management, 18(2), 110–122. https://doi.org/10.1002/csr.255

Martínez?Ferrero, J., & García?Sánchez, I. M. (2017). Sustainability assurance and stakeholder perception: The role of reporting format and assurance provider. Business Strategy and the Environment, 26(4), 406–423. https://doi.org/10.1002/bse.1923

Meadows, D. H., Meadows, D. L., Randers, J., & Behrens, W. W. (1972). The limits to growth. Universe Books.

Meutia, I., Hidayat, R. R., & Maulana, M. (2023). The role of internal audit in enhancing ESG disclosure quality. Jurnal Tata Kelola & Akuntabilitas Keuangan Negara, 9(1), 15–30. https://doi.org/10.30989/jtakn.v9i1.456

Michelon, G., Pilonato, S., & Ricceri, F. (2015). CSR reporting practices and the quality of disclosure: An empirical analysis. Critical Perspectives on Accounting, 33, 59–78. https://doi.org/10.1016/j.cpa.2014.10.003

Moneva, J. M., Archel, P., & Correa, C. (2006). GRI and the camouflaging of corporate unsustainability. Accounting Forum, 30(2), 121–137. https://doi.org/10.1016/j.accfor.2006.02.001

Narwal, M., & Sharma, T. (2008). Perceptions of corporate social responsibility in India: An empirical study. Journal of Knowledge Globalization, 1(1), 61–75.

Purvis, B., Mao, Y., & Robinson, D. (2019). Three pillars of sustainability: In search of conceptual origins. Sustainability Science, 14(3), 681–695. https://doi.org/10.1007/s11625-018-0627-5

Reimsbach, D., Hahn, R., & Gürtürk, A. (2018). Integrated reporting and assurance of sustainability information: An experimental study on professional investors’ information processing. European Accounting Review, 27(3), 559–581. https://doi.org/10.1080/09638180.2016.1273787

Renata, A. R., Pratama, B. Y., & Wijayanti, A. (2025). The impact of employee participation on the quality of sustainability reporting in state-owned banks. Asian Journal of Sustainability and Governance, 7(1), 65–78.

Saraswati, E., Tjahjadi, B., & Purwanto, A. (2024). Materiality in sustainability reporting: Stakeholder alignment and reputational outcomes. Journal of Business Ethics and Sustainability, 13(1), 88–103. https://doi.org/10.1007/sjbes.2024.013

Schiell, B., Vassallo, P., & Vinnari, E. (2014). Bank reputations and stakeholder perspectives in sustainability reporting. International Journal of Bank Marketing, 32(1), 3–23. https://doi.org/10.1108/IJBM-05-2012-0042

Sebastião, H., Alves, I. M., & Lima, F. J. (2024). ESG reporting standards and stakeholder trust: Evidence from ASEAN banks. Sustainability Accounting, Management and Policy Journal, 15(2), 190–210. https://doi.org/10.1108/

SAMPJ-10-2023-0412

Stake, R. E. (1995). The art of case study research. Sage Publications.

Suhardjo, T., Nugroho, A., & Fatimah, S. (2024). Ethical governance and ESG integration in banking: Evidence from Indonesia. Jurnal Manajemen dan Keuangan, 14(1), 73–85. https://doi.org/10.1234/jmk.v14i1.987

Sumarta, H., Rahmawati, D., & Suryadi, D. (2023). Environmental disclosure, trust, and corporate reputation: A study on Indonesian listed banks. Jurnal Riset Akuntansi dan Keuangan, 11(3), 150–163. https://doi.org/10.21009/jrak.113.05

Weber, O. (2010). Social banking: Products and services. In J. Schaltegger & M. Wagner (Eds.), Managing the Business Case for Sustainability (pp. 265–278). Greenleaf Publishing.

WCED (World Commission on Environment and Development). (1987). Our common future. Oxford University Press.

Yin, R. K. (2014). Case study research: Design and methods (5th ed.). Sage Publications.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2025 Ryan Rajasa Pratama Rifkinnanda Sukma Putra

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

______________________________________________________________________________________________

Journal of Research in Social Science And Humanities

Published by Utan Kayu Publishing

Lucky Arya Residence 2 No. 18
Jalan HOS. Cokroaminoto Kab. Pringsewu
Lampung - Indonesia, Postal code 35373

Email: jurnal.jrssh@gmail.com