International Conference on Emerging Trends in Social Sciences, Business & Management Research March 13, 2025 in Kuala Lumpur, Malaysia + Online Sustainability Disclosure and Intellectual Capital: A New Perspective on Corporate Reporting

The Asia Sustainability Reporting Rating (ASRRAT) is a prestigious recognition for Indonesian companies that excel in producing high-quality Sustainability Reports. Despite this, Indonesia still lags behind in ASEAN, ranking third in Sustainability Report disclosure, signaling room for improvement. Intellectual Capital is often cited as a key driver of sustainability transparency, yet its precise impact remains underexplored. This study investigates the influence of Intellectual Capital—comprising Human Capital, Structural Capital, and Relational Capital—on Sustainability Report disclosure through multiple linear regression analysis. Uniquely, this research focuses on companies that have consistently won ASRRAT from 2019 to 2023, a perspective rarely considered in previous studies. The findings reveal that only Human Capital plays a significant role in enhancing Sustainability Report disclosure, while Structural and Relational Capital show no substantial influence. These insights underscore the critical role of human expertise and leadership in advancing corporate sustainability transparency. The study contributes to the growing discourse on sustainability reporting and offers practical implications for businesses striving to enhance their sustainability disclosures.