Research Data Putri et al (2026)
Description
This study aims to examine the effects of Environmental Innovation, Board Gender Diversity, and Policy Energy Efficiency on Carbon Performance, while controlling for Return on Equity (ROE), Debt-to-Equity Ratio (DER), and Firm Size. This study adopts a quantitative approach using secondary data obtained from the LSEG (Refinitiv) Database. The sample consists of 957 firm-year observations from non-financial companies in Indonesia (425 observations) and Singapore (532 observations) over the period 2014–2025. An unbalanced panel data approach is employed, and the data are analyzed using panel regression techniques in EViews. The findings reveal that Environmental Innovation and Board Gender Diversity have a significant positive effect on Carbon Performance. In contrast, Policy Energy Efficiency is found to have a significant negative effect on Carbon Performance. Regarding the control variables, ROE demonstrates a significant negative relationship with Carbon Performance, whereas DER and Firm Size show no significant effects. The study provides important managerial implications by demonstrating that environmental innovation and gender-diverse board structures represent strategic mechanisms for improving corporate carbon performance beyond the formal adoption of energy-efficiency policies. These findings offer valuable guidance for managers and policymakers in designing more effective sustainability strategies and governance frameworks. Moreover, the study supports the advancement of the SDGs, particularly SDG 13 by fostering improved carbon management practices, SDG 7 and SDG 9 by promoting energy efficiency and low-carbon industrial innovation, and SDG 5 by highlighting the contribution of female board representation to environmental decision-making and sustainable corporate performance.
Files
Institutions
- Binus UniversityJakarta, Jakarta