Banking CSR disclosures in Indonesia lack quality, impacting societal accountability.
The study looked at how banks in Indonesia report on their social responsibility activities. They found that while banks are following reporting standards, they are not fully using assurance services to check the quality of their reports. This means that the information in the reports may not be presented well. However, using reporting practices like the Global Reporting Initiative can help improve the quality of these reports. Overall, banks need to focus on improving the way they disclose their social responsibility activities to enhance their performance.