The Impact of CSV, SDGs, and SROI on Sustainability Performance in ASSRAT 2024 Award-Winning Companies
Keywords:
Creating Shared Value (CSV), Sustainable Development Goals (SDGs), Social Return on Investment (SROI), Sustainability PerformanceAbstract
This study aims to analyze the impact of Creating Shared Value (CSV), the achievement of Sustainable Development Goals (SDGs), and the Social Return on Investment (SROI) on sustainability performance in companies receiving the Asia Sustainability Reporting Rating (ASSRAT) award in 2024. The research employs a quantitative approach with an explanatory design. The sample consists of 15 companies selected purposively. Secondary data was obtained from sustainability reports and annual reports of the companies. The data analysis techniques used include validity and reliability tests, Pearson correlation, and multiple linear regression with the help of SPSS software. The results show that, collectively, CSV, SDGs, and SROI significantly contribute to sustainability performance, with a coefficient of determination of 93.4%. Individually, CSV has a dominant and significant influence, while SDGs contribute positively but are not statistically significant. SROI shows a weak and insignificant effect. Furthermore, multicollinearity among the independent variables was found. This study provides empirical contributions to sustainability management research in Indonesia, particularly for companies actively involved in sustainability reporting. The findings can serve as a foundation for strengthening CSV and SDGs strategies within the corporate sustainability framework
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