Corporate Social Responsibility And Sustainable Development Goals On Financial Performance In The Indonesian Renewable Energy Industry

This study aims to investigate the effect of Corporate Social Responsibility (CSR) and Sustainable Development Goals (SDGs) on financial performance as measured using Return on Assets (ROA) in the renewable energy sector in Indonesia. The research method uses purposive sampling with the object of research being renewable energy companies listed on the Indonesia Stock Exchange (IDX) in 2021-2022. Data sourced from annual reports and sustainability reports. Data analysis was carried out with Structural Equation Modeling (SEM). The results showed that: (1) CSR has a significant positive effect on SDGs; (2) SDGs have a significant positive effect on financial performance; (3) CSR has a significant positive effect on financial performance; and (4) SDGs function as a mediating variable between CSR and financial performance. These results suggest the importance of companies to increase CSR disclosure and commitment to SDGs to improve their financial performance.