Green Disclosure and Innovation to Corporate Loan: Case of LQ45 Index Companies
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 06
Abstract
Following the Paris Agreement on Climate Change, Indonesia committed to reducing greenhouse gas emissions by 29% through its own efforts and 49% with international support. To achieve this, the Indonesian government is advancing sustainable finance, as mandated by the 1945 Constitution, which ensures the right to a proper environment and sustainable economic principles. Supported by the Financial Services Authority (OJK), Indonesia introduced regulations like POJK No.51/POJK.03/2017 and POJK 60/POJK.04/2017, requiring financial institutions to adopt sustainable finance principles and develop environmentally friendly securities. Commercial banks must submit a Sustainable Finance Action Plan (RAKB) and sustainable reports to OJK, with green credit being a key component.This study employed a quantitative approach to examine the relationships between Green Credit Policy, corporate access to bank loans, environmental disclosure, and green innovation in Indonesian commercial banks. The analysis of historical data revealed that the Green Credit Policy significantly influenced corporate loan accessibility. Companies with robust environmental disclosures and a history of green innovation also experienced better loan acquisition outcomes.
Authors and Affiliations
Srinivas Pendyala, Yunieta Anny Nainggolan,
Keywords
Related Articles
- EP ID EP738194
- DOI 10.47191/ijcsrr/V7-i6-68
- Views 4
- Downloads 0
Coaching Effectiveness in Ideation of PNL LDP Level 3
This study evaluates the effectiveness of coaching in the Ideation of Leadership Development Program (LDP) Level 3 at PT. PLN (Persero), focusing on Coach-Client Relationship theories (Diller et al., 2022) and the ADKAR...
Teratogenic Risk Potentiality of Blue Ternate (Clitoria ternatea) Leaf Extract Using Chorioallantoic Membrane (CAM) Assay: Phase One
The study implemented a descriptive classic experimental design within a laboratory, utilizing the Chorioallantoic Membrane (CAM) assay to investigate the teratogenic potential of Blue Ternate (Clitoria ternatea) leaf ex...
A Study of The Consumer Profile of Fresh Chicken B2B in Jakarta Province (Case study of Processed Noodle Restaurants)
The study aims to comprehensively investigate the consumer profile of fresh chicken in Jakarta, with a special focus on processed noodle restaurants, especially ramen and bakmi restaurants as the main customers in busine...
The Influence of Coordination and Leadership Quality on Work Discipline of Employees in the Department of Food Security, Agriculture, and Fisheries in South Barito Regency
This study aims to examine the effect of coordination and leadership quality on work discipline of emmployees in the Department of Food Security, Agriculture, and Fisheries in South Barito Regency. The population in this...
Unveiling Gold Investment Preferences: A Comprehensive Analysis of Factors Shaping Intention to Invest in Gold Installment Plans
This study investigates the determinants influencing Indonesian consumers’ intention to invest in gold installments, examining the intricate dynamics shaped by economic recovery and post-COVID-19 behavioral shifts. Groun...