Analisis Komparatif Penerapan Keuangan Berkelanjutan Berbasis ESG dan Implikasinya Terhadap Nilai Perusahaan pad PT Unilever Indonesia TBK dan PT Indofood Sukses Makmur TBK

Abstract

This research aims to analyze the comparative implementation of sustainable finance based on Environmental, Social, and Governance (ESG) and its impact on company value at PT Unilever Indonesia Tbk and PT Indofood Berhasil Makmur Tbk. The method used in this study is qualitative with a descriptive comparative approach. The information used is secondary data drawn from the annual reports and sustainability reports of both companies. The analytical methods employed include content analysis, comparative analysis, and interpretive analysis with reference to stakeholder theory. The findings of this research indicate that PT Unilever Indonesia Tbk has a higher and more strategic level of ESG implementation compared to PT Indofood Berhasil Makmur Tbk, which focuses more on operational aspects. ESG implementation at Unilever serves as a value driver, increasing company value through reputation and investor confidence. Meanwhile, at Indofood, ESG implementation serves more as a risk management tool, so its impact on company value is indirect. The conclusions of this research emphasize that the level of ESG integration in business strategy can influence the increase in company value. As ESG continues to be integrated into industry activities, it continues to make a significant contribution to generating long-term value.