The Influence of Environmental Performance and Carbon Emission Disclosure on the Value of Companies Listed on the Indonesia Stock Exchange for the 2020-2023 Period

Abstract

This study aims to examine and map the relationship between environmental performance and carbon emission disclosure on company valuation in the consumer goods industry listed on the Indonesia Stock Exchange during 2020–2023. The method used is quantitative with a purposive sampling approach, which resulted in 11 selected companies according to the established criteria. Data processing was carried out using the SPSS 25 application with multiple linear regression methods to analyze the relationship between variables. The findings show that environmental performance has a positive and significant effect on company value, while carbon emission disclosure shows a significant negative impact. Overall, both variables simultaneously contribute significantly to company valuation. The results of the determination coefficient test show that 29.2% of the variation in company value can be explained by the two variables, while the other 70.8% is influenced by other factors outside this study. This study provides strategic insights into the importance of sustainability in increasing company value.