Board Characteristics and Biodiversity Disclosure: Empirical Evidence from Listed Firms in Indonesia

Abstract

Biodiversity loss has emerged as a major global concern affecting governments, corporations, and stakeholders, leading to increased emphasis on corporate biodiversity disclosure and the growing role of accountants in measuring and reporting natural capital under both normative and coercive institutional pressures. This study aims to investigate the correlation between board characteristics, consist of board size, board attendance, and board specific skills on biodiversity disclosure in Indonesia Siock Exchange (IDX) listed companies for the period 2015 until 2025. The dependent variable used in this study is biodiversity disclosure with Biodiversity Impact Reduction Score as a proxy. This research used quantitative methods with purposive sampling and 27 companies (297 data observations) as samples. Data collected from LSEG Workspace. Researchers used panel regression with Eviews as data processing tools. The result show that board size, board attendance, and board specific skills have simultaneous effect on biodiversity disclosure, while there is no effect between board size, board attendance, and board specific skills to biodiversity disclosure variable partially. This show that the board is only public relation tool among stakeholders, lacks transparency and accountability to environmental impacts. Furthermore, the sample expansion and other proxy for dependent variable for future research are provided.