Analysis of Sustainability Reporting Practices in Mining and Oil & Gas Companies in Indonesia (GRI Guideline Approach)

During the last two decades, the issue of sustainability has drawn the attention of the business press, and various articles in academic literature that account of the sustainability issues have been published. This trend has highlighted the significance of sustainability reports and established corporate sustainability as an important topic in the business literature (Malik, 2015). A few mining companies pioneered this trend, and in the recent years, some of them incorporated the three dimensions of sustainable development, publishing so-called sustainability reports (Perez and Sanchez, 2009). In May 2013, GRI released its fourth guideline edition – G4. This latest guideline was expected to be more user friendly and to improve the technical quality of information helping the companies to explain material factors transparently and accountably (Dellios, 2012). This study examined the practice of sustainability reporting of Indonesia listed and non-listed companies in mining and oil & gas industry that published stand alone sustainability reports in one decade (year 2006 – 2015). Literature study, desk research, and sustainability report analysis were conducted in this study. Result of this study finds that there is an increasing trend of sustainability reporting practices. Since 2006 the number of companies in mining and oil & gas industry making sustainability reports has been increasing, from only 3 companies to 22 companies in 2016. From 2006 to 2016, only economic indicators are consistently presented in the sustainability report, whereas for various Environmental and social indicators are varied each year. The highest number of indicators presented in the sustainability report relates to the economic aspects of 2009–2013 (8-9 indicators), Environmental aspects in 2010-2013 G3 (25-28 indicators), social aspects in 2011-2012 (37- 41 indicators). While in other year, the indicator presented is not as much as the period of theyear.