The strategic role of environmental, social, and governance (esg) accounting in achieving the sdgs
A case study of the banking industry in indonesia
Keywords:
Sustainable Development Goals, Indonesian Banking Sector, Corporate Governance, Sustainable Finance, ESG AccountingAbstract
This study examines the critical role of Environmental, Social, and Governance (ESG) accounting in integrating sustainability principles within Indonesia’s banking sector and its contribution to achieving the Sustainable Development Goals (SDGs). Focusing on five major banks—BTPN Syariah, Mandiri, BCA, BNI, and BRI—the research explores how ESG accounting supports responsible resource management, financial inclusion, transparent corporate governance, and strategic partnerships. Environmental accounting initiatives demonstrate significant progress in resource efficiency, waste management, renewable energy financing, and carbon emissions reduction, aligning with SDGs 7, 12, and 13. Social accounting efforts emphasize financial inclusion, poverty alleviation, quality education, and gender equality, contributing to SDGs 1, 4, 5, and 8. Governance accounting practices enhance transparency, risk management, anti-corruption measures, and collaborative partnerships, advancing SDGs 16 and 17. Despite these achievements, challenges such as limited ESG awareness, infrastructure constraints, and greenwashing risks persist. The study highlights the need for coordinated action among regulators, industry stakeholders, and academia to strengthen ESG implementation and reporting. By employing a qualitative approach and analyzing recent sustainability reports, this research provides a comprehensive understanding of ESG accounting’s strategic role in fostering sustainable banking operations and accelerating Indonesia’s progress toward the SDGs.Keywords: ESG Accounting, SDGs, Indonesian Banking.
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