Abstract
This study introduces a new integrated measurement standard to comprehensively measure sustainability performance . It comprises a balanced scorecard and three internationally leading sustainability standards: Global Reporting Initiatives (GRI) , ISO 26000 and United Nation Global Compact (UNGC). These integrated guidelines cover four aspects, economic, social, environmental , and well-being.
Samples were taken from Indonesian companies that had participated in the Indonesia Sustainability Reporting Awards (ISRA). The 2010 and 2011 sustainability reports were examined using these integrated measurement standards (IMS). The results of a content analysis showed that the trend of disclosing sustainability had tended to increase over the past 2 years. The disclosure scores were considered medium to high profile, with the indication that the sustainability performance of state-owned companies was higher than that of private companies; publicly-listed companies obtained higher scores of disclosures than non-listed companies; and manufacturing industries received the highest scores followed by service and energy industries respectively.
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Appendix
Appendix
The Performance Indicators of Integrated Measurement Standard
No | Key performance indicators |
|---|---|
|  | Financial—economy |
1 | Added value and economic distribution |
2 | Cost, earning and profit |
3 | Company financial ratio |
4 | Investors and dividends |
5 | Marketing and selling improvements |
6 | Tax payments |
|  | Financial—social |
1 | Public investment |
2 | Indirect economic impact |
3 | Investment to support human rights |
4 | Payment for local distributor |
|  | Financial—environment |
1 | Financial and risk implication because of climate change |
2 | Mitigation and adaptation budget to climate change |
3 | Water and energy budget |
4 | R & D budget for air pollution |
5 | Environmental recovery and maintenance budget |
|  | Financial—well-being |
1 | To facilitate praying area for employees |
2 | Sports and entertainment facilities |
3 | Donations for natural disasters, social and religion |
4 | Environmental sanity guarantees |
|  | Process—economy |
1 | Budgeting affectivity by increasing efficiency |
2 | Budget controlling |
3 | Return of investment for shareholders |
|  | Process—social |
1 | Wage is higher than regional wage |
2 | Fight against human trafficking |
3 | Health and safety priority |
4 | Fair performance valuation |
5 | Motivate employee |
6 | Fair job placement |
7 | No intimidation |
8 | No discrimination |
9 | Assurance and pension program |
10 | Company culture |
11 | Freedom of association |
12 | Complaints and grievance |
13 | Security assistance |
14 | Against child labor |
15 | Liberation of slavery |
16 | Discipline and preventive disobedience |
17 | Anti-corruption, bribery and collusion |
18 | Fair competition and anti-monopoly |
19 | Community involvement |
20 | Obedience to government ’s rules |
21 | The decrease of fine/punishment |
22 | Effort of decreasing the negative effects in society |
23 | Woman empowerment |
24 | Supporting the society ’s organization |
25 | Local worker acceptance |
26 | Carrier development |
|  | Process—environment |
1 | Decreasing greenhouse effect |
2 | The usage of recycled water |
3 | Renewable and using natural resources consumption |
4 | Energy efficiency |
5 | Impact of transportation vehicles |
6 | The use of renewable material |
7 | Solvency to using dangerous materials |
8 | Abide by environmental legislation |
9 | Minimize the impact on the living ecosystem |
10 | Lowering the significant impact around company area |
11 | No negative impact on protected organisms |
|  | Process—well-being |
1 | Employment dialogue |
2 | Commitment to the employee |
3 | Healthy, safe and comfortable working area |
4 | Minimize the possibility of violating human rights |
5 | Establish good relationships with society |
6 | Promote law enforcement |
7 | Integrate human rights into company’s policy |
8 | Copyright |
9 | Children rights fulfillment |
|  | Customer —economy |
1 | Creating sustainable market |
2 | Sustainable consumption |
3 | Responsible promotion/advertisement |
4 | Customer ’s satisfaction index |
5 | Excellent after-sales services |
6 | Easy marketing access |
7 | Product quality |
8 | Continuous improvement |
9 | Product reliability |
|  | Customer —social |
1 | Brand or product labeling |
2 | Education and awareness |
3 | Response to customer ’s complaints |
|  | Customer —environment |
1 | Involving customers in maintaining the environment |
2 | Re-withdrawal packaging |
3 | Innovation of green products |
|  | Customer —well-being |
1 | Customer ’s protection and privacy |
2 | Customer ’s health and safety |
|  | Learning & development—economy |
1 | Good governance |
2 | Employee’s technology access |
3 | Acknowledge the rights of the community |
|  | Learning and development—social |
1 | Training and research for human rights |
2 | Employee’s training and education |
3 | Corporation agreement with employees |
4 | Training and education on anti-corruption |
|  | Learning and development—environment |
1 | Initiative in using renewable energy |
2 | Initiative in using renewable materials |
3 | Initiative in preventing pollution /waste |
4 | Initiative in ecosystem recovery |
|  | Learning and development—well-being |
1 | Obedience to society ’s norm |
2 | Comprehensive research about the stakeholder |
3 | Anticipate working accidents |
4 | Commitment to public |
5 | Carrier development |
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Perdana, K., Gunawan, J. (2017). Proposed Integrated Measurement Standard to Measure Sustainability Performance: Evidence From Indonesia. In: Capaldi, N., Idowu, S., Schmidpeter, R. (eds) Dimensional Corporate Governance. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-56182-0_16
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