DIFFERENCES IN SUSTAINABLE DEVELOPMENT INDICATORS BETWEEN PALM OIL COMPANIES IN INDONESIA AND MALAYSIA

Abstract

This study aims to analyze the difference in sustainable development indicators of palm oil companies in Indonesia compared to Malaysia. Sustainable development requires companies to consider corporate performance goals in three dimensions, environmental, economic, and social. Palm oil companies in Indonesia and Malaysia need to pay attention to indicators in sustainable development. In determining sustainable development indicators, sometimes between one country and another country has differences. The palm oil industry in Indonesia and Malaysia has been hit by controversies over deforestation resulting in high carbon content, endangering wildlife and threatening biodiversity.  This can affect the sustainable development goals. For this reason, it is necessary to analyze whether there are differences in sustainable development indicators of palm oil companies in Indonesia compared to Malaysia. Synergy between environmental protection, economic growth, and social security for the world is needed. The population in this study is palm oil companies listed on the Indonesia Stock Exchange and Bursa Malaysia for the 2019-2021 period. The sampling technique in this study used purposive sampling techniques and obtained samples of 45 companies. The data analysis used is an independent sample t-test with SPSS software tools. The results showed that there was no difference in sustainable development indicators in Indonesian and Malaysian palm oil companies. Both countries have taken the same path in realizing sustainable development.