Research Data Ariatama et al (2026)

Description

This study aims to examine the effects of Environmental Investment Initiative (EII), Environmental Management Training (EMT), and Corruption Due Diligence (CDD) on Sustainable Development Goal 13 Climate Action (SDG 13). A quantitative research approach is applied using secondary data obtained from public company disclosures available in the London Stock Exchange Group (LSEG) Workspace. The sample is selected through purposive sampling and comprises financial sector companies listed on the Indonesia Stock Exchange, Bursa Malaysia, and the Stock Exchange of Thailand over the period 2018 to 2024. Logistic regression is employed to address the unbalanced panel structure of the data, resulting in a final dataset of 190 company-year observations from Indonesia, Malaysia, and Thailand, with the analysis conducted using EViews 13. The results indicate that EII and EMT do not exhibit a significant effect on SDG 13, while CDD shows a positive and significant influence. The findings indicate CDD contributes to the achievement of the Sustainable Development Goals, namely SDG 13 (Climate Action), by strengthening governance quality, transparency, and accountability, which support credible climate related disclosure. Among the control variables, the number of employees shows a positive effect on SDG 13, while ESG score, pretax return on assets, total debt to common equity, and operating margin show no significant influence. Companies should shift from symbolic environmental investments and training programs toward integrating climate-related initiatives into core business strategies, performance metrics, and decision-making processes. In addition, firms are advised to strengthen corruption due diligence, internal controls, and governance transparency, as robust anti-corruption practices are essential to ensuring that climate actions effectively contribute to SDG 13 outcomes.

Institutions

• Bina Nusantara University

  DKI Jakarta, West Jakarta

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