Pengaruh ICG, Profitability, dan CSR Terhadap Islamic Sustainability Report Discloure pada Jakarta Islamic Index

Abstract

The Islamic Sustainability Report (ISR) is an essential instrument for evaluating transparency and accountability in Sharia-based companies, yet its application in Indonesia remains relatively limited. This study investigates the impact of Islamic Corporate Governance (ICG), profitability (ROA), and Corporate Social Responsibility (CSR) on the ISR of companies listed in the Jakarta Islamic Index (JII) during 2019–2024. A quantitative research design was employed, with purposive sampling applied to a population of 30 JII companies. From this, 10 firms were selected, producing 60 firm-year observations. The analysis utilized descriptive statistics and panel data regression with the Fixed Effect Model in EViews 12. The findings reveal that ICG exerts a positive and significant effect on ISR, with a t-value of 4.870 exceeding the critical value of 2.00247 and a significance level of 0.000, which is below 0.05. Profitability also demonstrates a positive and significant effect on ISR, indicated by a t-value of 2.309 greater than the critical threshold of 2.00247 and a significance value of 0.02. In contrast, CSR does not significantly affect ISR, as shown by a t-value of -0.197, which falls below the threshold, and a significance value of 0.844, exceeding 0.05. The model’s explanatory strength is reflected in an R² of 0.4322 (43.22%), meaning that the independent variables collectively account for a substantial portion of ISR variation. These results emphasize the importance of implementing sharia-compliant corporate governance and maintaining sound financial performance to improve sustainability disclosure in Islamic-based enterprises.