Disclosure of enterprise risk management in ASEAN 5: Sustainable development for green economy

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Abstract

The purpose of this study is to analyze the disclosure of Enterprise Risk Management (ERM) and identification of risk, including sustainable development-related risks in ASEAN 5 countries (Indonesia, Malaysia, Thailand, Singapore, Philippines) based on industry, country, and disclosure trends every year. ERM disclosures were examined through a content analysis of the 2014-2018 (5 years). The results show that ERM disclosure quality has been increased every year, and the disclosure of ERM is followed by sustainability development-related environmental, social, and governance (ESG) risk. Based on the type of industry, manufacturing and financial industries are the highest in performing ERM disclosures. Based on the country, Thailand and Malaysia make better ERM disclosures. Our results recommend for government to make regulations in ensuring compliance with ERM disclosures. Increased ERM disclosure has responses to globalization and regulation; companies are required to analyze ESG risks through ERM disclosures.

Original languageEnglish
Article number012101
JournalIOP Conference Series: Earth and Environmental Science
Volume716
Issue number1
DOIs
Publication statusPublished - 1 Apr 2021
Event1st Journal of Environmental Science and Sustainable Development Symposium, JESSD 2020 - Jakarta, Virtual, Indonesia
Duration: 28 Sept 202030 Sept 2020

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