The Relationship between the Disclosure Data of Sustainability Reports and Operating Performance in ESG100 Index

  • Nittaya ํYothachan Yothachan
  • Sasivimol Meeampol Faculty of Business Administration, Kasetsart University
  • Paiboon Pajongwong Faculty of Business Administration, Kasetsart University
Keywords: Sustainability, GRI, Operating Performance


The objectives of this research were to study the Sustainability Reports Disclosure (ESG) of listed companies in ESG100 Index, and the relationship between the ESG  disclosure and  Operating Performance. There were 70 qualified companies as sampling.  The secondary data was collected from the public reports and websites data from year 2015 to 2019. For measuring  ESG disclosure use the working paper to checklist base on the Global Reporting Initiative Framework Version 4.0 (GRI G4). The data were analyzed by descriptive statistics in population characteristic and the hypothesis were tested by pearson correlation analysis and multiple regression analysis. The results shows that the listed companies in ESG100 Index disclosure about the ESG at low level but have a trend of increasing amount. When studying the relationship by controlling the size, age, debt to equity ratio and industry type. It was found that the ESG had a positive relation with return on assets (ROA) and firm value (Tobin's Q), but did not significantly associated with the return on equity (ROE), net profit margin and dividend yield. When analyzed according to three dimensions of sustainability, namely economic, social and environmental. Found that the lowest level of social disclosure, shows that the company is less interested in social activities. Therefore should encourage companies to do more social activities. Which, in addition to creating a good image, will also help confidence for investors to consider investing. And increasing ESG disclosure results in good operating performance as well.


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