44
CHAPTER V CONCLUSION AND SUGGESTION
5.1 Conclusion
This research examines the influence of level of voluntary disclosure of CSR towards the earnings quality. This research is use 14 mining companies
listed in IDX during period 2012-2014 42 total samples. This research finding that level of voluntary disclosure of CSR significantly influences earnings quality
measured by discretionary accruals, thus Ha is accepted. Based on the hypothesis testing, the value of coefficient of CSR indicating the amount of influence of CSR
to earnings quality proxied by discretionary accruals of earnings management.
5.2 Research Limitation and Suggestion
This research has limitation in observation period. The observation period is 3 years 2012-2014. The observation period cannot be lengthened
backward; it is cause by the regulation from BAPEPAM-LK for CSR disclosure items just issued by year 2012. That is why the total sample of this research only
42 samples. Suggestions for future research is to use more data, with the broad criteria thus research has quite a lot of samples and provide an overview of the
impact closer to reality. Research limitation also comes from the proxy of earnings quality. This
research only uses discretionary accruals of earnings management as the proxy of earnings quality. Suggestion for future research is to use more proxy of earnings
quality, such as real active manipulation of earnings management or earnings response coefficient.
This research h
ex amines the influence of leve
el l
of voluntary disclosure of CSR towards
s th
the earnings qua ua
lity. This research is use 1 4
4 mining companies
listed in n
I IDX during
g per
e io
io d 2012
12 2 -2
014 4
4 4
2 2
to o
ta al
l sa sa
mp mp
le l
s. This res esea
e rch finding
that at
level of f
vo vo
lu lu
ntary disc sc
lo lo
su re
of CSR si gn
if if
ic ic
an an
tly influe ue
nc nces
es earning gs
s quality
meas s
ur u
ed ed
b b
y y
disc c
r re
ti on
ary accruals, th
us Ha is accepte
d. B
B as
a ed
d o
o n
n th
the e
hy y
po th
th esis
test t
in in
g, g,
the v v
alue of coef
fi ci
ent of CSR indicating th
e amount o f
f influe
ue nc
nc e
e of CSR
SR to
to ear
a ning
ng s quality proxied
by discret
io na
ry acc ru
al s of earnings
ma a
na n
ge e
me me
nt nt
. .
5.2 Re s
sear ch Lim
itat ion and
Sugg es
ti on
This research has li mitation in ob
se rv
ation period. The obse
e rv
rvation n
period is 3
ye ye
ar ar
s s
2 201
01 2-
2 20
20 14.
. T
T he obs
s e
ervation on
p p
er er
io io
d d
ca ca
nn n
ot b
e lengthen en
ed ed
ba backward; it is cause by the regulati
i on
on from BAPEPAM-LK for CSR dis
s cl
clos osur
ur e
it it
em ems
s ju
ju st
t i
i ss
ss ue
ue d
d b
b y
y ye
ye ar
ar 2
2 01
01 2
2. .
Th T
at is why y
th th
e e
to to
ta ta
l l
sa sa
mp mp
le le
o o
f f
th th
i is res
s ea
earc rc
h h
o only
42 42 s
sam ampl
p es. Su
u gg
gges es
ti tion
n s
s fo
fo r
r fu
fu ture
r r
es es
e earch is
is t
t o
o us
us e mo
mo re
re d
d ata, w
w it
it h
h th the
e broad criteria t
h hus research has quite a
l l
ot of sa samples and provide an overview of the
impact closer to reality. Research limitation also c
c om
o es
f from the proxy of earnings quality. This
research only uses discretionary accru ua
als of earnings management as the proxy of
45
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APPENDIX I List Items of Voluntary Disclosure of Corporate Social Responsibility
GRI 3.1 ITEMS Description
EC1 Direct economic value generated and distributed,
including revenues, operating costs, employee compensation, donations and other community
investments, retained earnings, and payments to capital providers and governments.
EC2 Financial implications and other risks and
opportunities for the organization’s activities due to climate change.
EC3 Coverage of the organization’s defined benefit
plan obligations.
EC4 Significant financial assistance received from
government.
EC5 Range of ratios of standard entry level wage by
gender compared to local minimum wage at significant locations of operation.
EC6 Policy, practices, and proportion of spending on
locally-based suppliers at significant locations of operation.
EC7 Procedures for local hiring and proportion of
senior management hired from the local
GRI 3.1 ITEM M
S S
Description
EC1 Direct economi
mi c
c value generated and dist ri
ri bu
bu ted,
includ d
in ing revenues, op
o erating costs, employee
c compensation
on , do
do nation
on s an
an d
d ot
o he
he r
r co
co mm
mm un
un ity
invest stme
ments, retaine ne
d d
e ea
rn i
ings, an d
d pa
pa ym
ym ents to
ca ca
pi pit
tal pr r
ov ov
id ers and governments.
EC EC
2 2
Fina a
n nc
ial imp li
ca tions and other risk
s and
o op
po rtunities for
th e
organi za
ti on’s act
iv ities due
to c li
ma te
c hange.
EC3 Coverage of
th e or
gani za
ti on
’s d
ef in
ed b
enefit plan
o bligatio
ns.
EC4 Significant financial
l a
a ss
ssis is
tanc c
e e
r received from
government.
EC EC5
5 Ra
Ra ng
ng e
e of
of r
r at
at i
i os
o o
o f
f st st
an anda
dard rd
ent nt
ry ry l
lev ev
el el wag
ge e
by by
ge gend
nder er co
o mp
mpared to lo
lo cal mini
m mum wage
e at
significant locations of o o
p peration.
EC6 Policy, practices, and p
r roportion
o of spending on
locally-based suppliers at signifi
ficant locations of operation.
List Items of Voluntary Disclosure of Corporate Social Responsibility
community at locations of significant operation.
EC8 Development and impact of infrastructure
investments and services provided primarily for public benefit through commercial, inkind, or pro
bono engagement. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
EC9 Understanding and describing significant indirect
economic impacts, including the extent of impacts.
EN1 Materials used by weight or volume.
Mandatory in BAPEPAM-LK No.
KEP-431BL2012
EN2 Percentage of materials used that are recycled
input materials. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
EN3 Direct energy consumption by primary energy
source. EN4
Indirect energy consumption by primary source.
EN5 Energy saved due to conservation and efficiency
improvements.
EN6 Initiatives to provide energy-efficient or
renewable energy based products and services, and reductions in energy requirements as a result
of these initiatives. EN7
Initiatives to reduce indirect energy consumption p
public benefit through gh
c commercia
l l,
i i
nk nk
ind, or pro b
bono engag ag
em ement.
KEP-431BL2012
EC9 Unde
derstanding and des sc
crib ib
in in
g g
si si
gn gn
if i
ic ic
a ant indirect
economic i
imp mpac
ac ts
t , including the
ex xte
te nt
nt of im
m pa
pa ct
c s.
s
EN EN
1 Ma
a t
te rials used b
y we ight or
volu me.
Mand nd
at ator
ory y
in i
B AP
APEPAM AM
-LK N No.
KEP -
43 431BL
BL 2
2 01
2
EN2 Percentage of m
ater ia
ls u
se d
that are r
ec yc
le d
input mate rials.
Mandat o
ory i
in BAPEP
A AM-LK
K No No
KEP-43 1
1B BL2012
2
EN EN3
Direct energy consumptio o
n n by
by primary energy
so s
urce. EN
EN 4
4 Indirect en
n er
ergy gy consump
ti ti
on on
b b
y y
pr pr
i imary
y sour
r ce
ce .
EN5 En
En er
er g
g y
y s
saved due to con n
se s
rvatio o
n n and efficiency
improvements.
EN6 Initiatives to provide
de energ gy-efficient
or renewable energy based p
p rodu
ducts and services, and reductions in energy requirements as a result
List Items of Voluntary Disclosure of Corporate Social Responsibility
and reductions achieved. EN8
Total water withdrawal by source.
EN9 Water sources significantly affected by
withdrawal of water.
EN10 Percentage and total volume of water recycled and
reused.
EN11 Location and size of land owned, leased, managed
in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas.
EN12 Description of significant impacts of activities,
products, and services on biodiversity in protected areas and areas of high biodiversity value outside
protected areas. EN13
Habitats protected or restored.
EN14 Strategies, current actions, and future plans for
managing impacts on biodiversity.
EN15 Number of IUCN Red List species and national
conservation list species with habitats in areas affected by operations, by level of extinction risk.
EN16 Total direct and indirect greenhouse gas emissions
by weight.
EN17 Other relevant indirect greenhouse gas emissions
by weight. EN18
Initiatives to reduce greenhouse gas emissions and withdrawal of water.
.
EN10 Percentag
g e
e a
and total volume of water recycled a a
nd n
reus s
ed ed.
EN EN11
Location and d
si i
ze ze of land owned, leased
d , ma
ma na
na g
ged in
n ,
, r
or a a
dj dj
acent t
to to
, pr ot
ected ar ea
s and area s
of of
high bi
biod o
iv er
er sity
v al
ue outside pr ot
ec ted areas.
EN EN
12 De
e s
sc ription of s
ig nificant i
mp acts of
acti vities,
pr od
uc ts, and servic
es o
n biod iv
ersit y
in protected
areas an d
ar ea
s of hig h
bi od
iver si
ty va
lue ou
ts id
e protected areas.
EN13 3
Habitats p
p ro
ro te
te ct
ct d
ed or re
re st
s ored.
EN EN14
Strategies, current actions, a a
nd nd
future plans for ma
m naging imp
p acts on biodiversity.
EN15 5
Number o o
f f
IU IU
C CN Red L
L is
ist t sp
sp e
e ci
cies and nat atio
io na
nal l
co co
ns ns
er er
va va
t tion list species
s with h
habitats in areas affected by operations, b
by level of e extinction risk.
EN16 Total direct and indirect g
greenhou u
s se gas emissions
by weight. Oth
l t i di
t h
i i
List Items of Voluntary Disclosure of Corporate Social Responsibility
reductions achieved.
EN19 Emissions of ozone-depleting substances by
weight.
EN20 NO, SO, and other significant air emissions by
type and weight. EN21
Total water discharge by quality and destination.
EN22 Total weight of waste by type and disposal
method. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
EN23 Total number and volume of significant spills.
EN24 Weight of transported, imported, exported, or
treated waste deemed hazardous under the terms of the Basel Convention Annex I, II, III, and VIII,
and percentage of transported waste shipped internationally.
EN25 Identity, size, protected status, and biodiversity
value of water bodies and related habitats significantly affected by the reporting
organization’s discharges of water and runoff.
EN26 Initiatives to mitigate environmental impacts of
products and services, and extent of impact mitigation.
EN27 Percentage of products sold and their packaging
materials that are reclaimed by category. EN20
NO, SO, and other r
s s
ig ignificant a
i ir
e e
mi m
ssions by type and w
w ei
eight. EN21
Tota ta
l l water discharge by
by q
q ua
a lity
ty a
a nd
nd de
de stination.
EN EN22
Total we
weight of waste te
b b
y y
ty ty
pe a d
nd d
d is
is po
po sal
m meth
th od.
Mandator ory in
B B
AP APEPAM
M -
-LK L
No KE
K P-43
431 1BL
BL 201
12 EN
N 23
2 To
o t
tal number and volume of
si gn
ificant sp il
ls.
EN E
24 W
We ight of transp
or te
d, imp or
ted, e xp
orted, or tr
eated was te
d ee
med ha
za rd
ou s
unde r the te
rm s
of the Basel Conve nt
ion An
nex I, I
I, III
, and VIII, and perc
en en
ta ta
g ge o
f f
tr tr
an a
sported wa wa
t ste
h sh
ip ip
pe pe
d d
internationally.
EN N25
25 Id
Id entity, size, pr
p otected status, and biodiversity
value of f
w wat
ater bodies s
an an
d d related ha
habi bita
ta ts
ts si
si gn
gn if
if ic
ic a
antly affected by
the reporting organization’s discharge
es of water a and runoff.
EN26 Initiatives to mitigate en
nvironme e
n ntal impacts of
products and services, an and
e extent of impact
mitigation
List Items of Voluntary Disclosure of Corporate Social Responsibility
EN28 Monetary value of significant fines and total
number of non-monetary sanctions for noncompliance with environmental laws and
regulations.
EN29 Significant environmental impacts of transporting
products and other goods and materials used for the organization’s operations, and transporting
members of the workforce.
EN30 Total environmental protection expenditures and
investments by type. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
LA1 Total workforce by employment type,
employment contract, and region, broken down by gender.
LA2 Total number and rate of new employee hires and
employee turnover by age group, gender, and region.
Mandatory in BAPEPAM-LK No.
KEP-431BL2012
LA3 Benefits provided to full-time employees that are
not provided to temporary or part-time employees, by significant locations of operation.
LA15 Return to work and retention rates after parental
leave, by gender.
LA4 Percentage of employees covered by collective
bargaining agreements. regulations.
EN29 Significant
t e
e nv
ironmental impacts of transpor ti
ti ng
ng prod
d u
ucts and other goo o
ds s
an an
d d
ma ma
te te
ri i
al a
s used for the organiza
a ti
t on
on ’s
’s operations, and tr
ran an
sp spor
or ti
t ng
me me
mb mb
er er
s s of the
he w
wo rk
force.
EN N
30 30
T Tota
a l
l en
vironm en
tal protection expenditure s
and in
n ve
stments by typ e.
Mand nd
at ator
ory y
in B
AP APEPAM
AM -LK
N No
KEP -
43 431BL
BL 2
2 01
2
LA1 Total wo
rk force
by emp lo
ym en
t ty
pe ,
employment contr ac
t, a nd
region, b ro
ken down by
gender.
LA LA
2 2
Total number and rate of ne e
w w
em em
ployee hires and employee turnover by age group, gender,
d and
region. Mandatory in
BAPEP EP
AM AM-
- LK
LK No
KE KE
P -
43 1BL
BL 2
2 012
LA3 Be
Be ne
ne fi
fi ts
ts pr
ovided to full l
- -
time em mployees that are
not provided to temporar ry or part-ti
i me employees,
by significant locations o f
f operatio
o n.
LA15 Return to work and retenti
i on
o r
r a
ates after parental leave by gender
List Items of Voluntary Disclosure of Corporate Social Responsibility
LA5 Minimum notice periods regarding operational
changes, including whether it is specified in collective agreements.
LA6 Percentage of total workforce represented in
formal joint management–worker health and safety committees that help monitor and advise on
occupational health and safety programs.
LA7 Rates of injury, occupational diseases, lost days,
and absenteeism, and total number of work-related fatalities, by region and by gender.
Mandatory in BAPEPAM-LK No.
KEP-431BL2012
LA8 Education, training, counseling, prevention, and
risk-control programs in place to assist workforce members, their families, or community members
regarding serious diseases. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
LA9 Health and safety topics covered in formal
agreements with trade unions. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
LA10 Average hours of training per year per employee
by gender, and by employee category.
LA11 Programs for skills management and lifelong
learning that support the continued employability of employees and assist them in managing career
endings. LA12
Percentage of employees receiving regular
LA6 Percentage of total
l w
workforce re repr
pr esented in
formal joi i
nt nt management–
tt worker health an
an d
– safe
e ty
ty committees that h
help lp
m m
on on
it it
or or
and nd
advise on occupational
al h
h ea
ea lt
t h
h and safety programs.
s
LA7 7
Ra Ra
te te
s s
of of
injury ry
, oc cu
pational disease s,
l os
s t
t days,
an an
d d ab
se se
nt ee
is m,
and total n um
ber of work- re
la ted
fata ta
li ties, by reg
ion and by ge
nd er.
Ma Mand
nd atory
in B
AP AP
EP EPAM
AM-LK K
No KE
E P
P -431
1BL BL2012
LA8 E
Ed uc
ation, training, co
unseli ng
, prev en
ti on, and
risk-cont ro
l pr ograms
in plac
e to
a ss
is t workfo
rc e
members, their fam ilies, or comm
un ity
members regard
in g
se e
ri ri
ou ou
s s
di dise
se as
as es.
Ma nd
at t
or o
y in in
BAPEP A
AM-LK No
No .
KEP-43 1
1BL L
2 2012
2
LA LA
9 9
Health and safety topics covered in formal ag
ag re
re em
em en
en ts
ts w
w it
it h
h tr
tr ad
ad e
e un
unio io
ns. Mandatory in
BAPEP EP
AM AM-
- LK
LK No
KE KE
P -
43 1BL
BL 2
2 012
LA10 Av
Av er
er ag
ag e
e h
hours of trainin n
g g per ye
e a
ar per employee by gender, and by emplo
oyee categor ry.
LA11 Programs for skills ma
anagemen nt and lifelong
learning that support the co ontin
n ued
rr employability
of employees and assist them in managing career
List Items of Voluntary Disclosure of Corporate Social Responsibility
performance and career development reviews, by gender.
LA13 Composition of governance bodies and breakdown
of employees per employee category according to gender, age group, minority group membership,
and other indicators of diversity.
LA14 Ratio of basic salary and remuneration of women
to men by employee category, by significant locations of operation.
HR1 Percentage and total number of significant
investment agreements and contracts that include clauses incorporating human rights concerns, or
that have undergone human rights screening.
HR2 Percentage of significant suppliers, contractors,
and other business partners that have undergone human rights screening, and actions taken.
HR3 Total hours of employee training on policies and
procedures concerning aspects of human rights that are relevant to operations, including the
percentage of employees trained.
HR4 Total number of incidents of discrimination and
corrective actions taken.
HR5 Operations and significant suppliers identified in
which the right to exercise freedom of association LA13
of employees per emp mp
lo loyee category
ry ac
a cording to
gender, ag g
e e
group, minority group membersh ship
ip ,
and ot other indicators of
d dive
ve rs
rs it
t y.
y.
LA A14
Ratio of bas s
ic ic
s s
al l
a ary and remuneration o
o f
f wo
wo me
m n
to o
m m
en en
by em em
pl oyee category, by
sign n
if if
icant lo
lo c
cation n
s of
operation.
HR HR
1 Per
rc entage and total nu
mb er of si
gn if
icant i
inve st
me nt agreem
ents and
con tracts
tha t include
clauses inc
or po
rating hu
ma n ri
gh ts
concerns, o
r that have undergon
e human rights
scr eeni
ng.
HR2 Percenta
ge ge
o o
f f
si sig
ni ni
fi fi
ca ca
nt suppliers rs,
c co
t ntra
ract ct
or or
s, and other business partners
rs tha
ha t have undergone
human rights screening, and actions taken.
HR3 Tota
l l
h hour
r s
s o
o f
f employee
e t
t ra
ra in
in in
in g
g on polic ie
ie s
s an an
d d
pr pr
oc oc
ed ed
u u
re res concerning a
a sp
s ects
o o
f f human rights
s that are relevant to o
operations, including the
percentage of employees tr
t ained.
HR4 Total number of incidents
of d discrimination and
corrective actions taken
List Items of Voluntary Disclosure of Corporate Social Responsibility
and collective bargaining may be violated or at significant risk, and actions taken to support these
rights.
HR6 Operations and significant suppliers identified as
having significant risk for incidents of child labor, and measures taken to contribute to the effective
abolition of child labor.
HR7 Operations and significant suppliers identified as
having significant risk for incidents of forced or compulsory labor, and measures to contribute to
the elimination of all forms of forced or compulsory labor.
HR8 Percentage of security personnel trained in the
organization’s policies or procedures concerning aspects of human rights that are relevant to
operations.
HR9 Total number of incidents of violations involving
rights of indigenous people and actions taken.
HR10 Percentage and total number of operations that
have been subject to human rights reviews andor impact assessments.
HR11 Number of grievances related to human rights
filed, addressed and resolved through formal grievance mechanisms.
HR6 Operations and signi
i fi
fi c
cant suppliers rs
i i
de d
ntified as having sig
g ni
ni fi
ficant risk for incidents of child la bo
bo r,
and m
measures taken to o
co o
nt nt
ri r
bu bu
te te
t t
o o
th th
e effective abolition of
c c
hi hi
ld ld
l l
abor.
HR HR
7 7
Op Op
er erat
a io
io ns and
nd s
i ig
ni fi
cant suppliers ident
t if
if ie
ie d as
ha ha
v ving
g s
si gnif
ic an
t risk for incidents of forc ed
or com
mp ulsory labo
r, and mea
su re
s to cont ri
bu te to
t th
e elimination of all f
or ms
of fo
rced or co
mpulsory l
abor.
HR8 Percentage of se
c ur
ity pe
rsonnel tr
aine d
in the organiza
ti on
n ’s
s p
p l
ol ic
ic ie
ie s
s or procedure
re s
s c
conc nc
er er
ni ni
ng ng
aspects of human rights t t
ha hat
t are relevant to operations.
HR HR9
9 Tota
l l nu
mb mber
er o
o f
f in
cident nts
s of of v
vio iola
lations invo vo
lv lv
in in
g g
ri ri
gh g
ts s
o o
f f
in indigenous peopl
ple and ac c
t tions taken.
HR10 Percentage and total nu
umber of o operations that
have been subject to hum man right
s s reviews andor
impact assessments. Number of grievances related to human rights
List Items of Voluntary Disclosure of Corporate Social Responsibility
SO1 Percentage of operations with implemented local
community engagement, impact assessments, and development programs.
Mandatory in BAPEPAM-LK No.
KEP-431BL2012
SO9 Operations with significant potential or actual
negative impacts on local communities.
SO10 Prevention and mitigation measures implemented
in operations with significant potential or actual negative impacts on local communities.
SO2 Percentage and total number of business units
analyzed for risks related to corruption.
SO3 Percentage of employees trained in organization’s
anti-corruption policies and procedures.
SO4 Actions taken in response to incidents of
corruption.
SO5 Public policy positions and participation in public
policy development and lobbying.
SO6 Total value of financial and in-kind contributions
to political parties, politicians, and related
institutions by country.
SO7 Total number of legal actions for anticompetitive
behavior, anti-trust, and monopoly practices and their outcomes.
SO8 Monetary value of significant fines and total
number of non-monetary sanctions for SO9
Operations with sign gn
if if
i icant potent
ntia ia
l l
or actual negative imp
mp ac
ts on local communities.
SO10 Preve
vention and mitigati ti
on n
m m
ea a
su su
re re
s s
im im
pl p
emented in operation
ns s
wi w
th th
significant potent i
ia l
l or o
ac ac
t tual
ne e
ga ga
ti tive
ve impac
c ts
ts o
n local communities.
SO O
2 2
Pe Percen
ta ta
ge and total numbe
r of business
un it
s ana
al yzed for risks
r elated to
co rr
uption .
SO SO3
P Pe
r ce
ntage of emplo ye
es tra
in ed
in or ga
nization’s an
ti-corrup tion
policies an
d pr
oc ed
ur es
.
SO SO4
Actions taken in
res po
nse to incid ents of
corruption .
.
SO SO5
Public policy positions and d pa
part rt
i icipation in public
po po
licy development and lobbying.
SO6 Total valu
u e
e of
of f
financial a and
nd i
i n
n -
ki ki
nd contribu buti
ti on
ons s
to to
po po
li li
ti tical parties,
p p
ol o
iticians ns, and related
d institutions by country.
SO7 Total number of legal ac
c tions for
r anticompetitive
behavior, anti-trust, and mo mono
o p
poly practices and their outcomes
List Items of Voluntary Disclosure of Corporate Social Responsibility
noncompliance with laws and regulations.
PR1 Life cycle stages in which health and safety
impacts of products and services are assessed for improvement, and percentage of significant
products and services categories subject to such procedures.
PR2 Total number of incidents of non-compliance with
regulations and voluntary codes concerning health and safety impacts of products and services during
their life cycle, by type of outcomes.
PR3 Type of product and service information required
by procedures and percentage of significant products and services subject to such information
requirements. Mandatory in
BAPEPAM-LK No. KEP-431BL2012
PR4 Total number of incidents of non-compliance with
regulations and voluntary codes concerning product and service information and labeling, by
type of outcomes.
PR5 Practices related to customer satisfaction,
including results of surveys measuring customer satisfaction.
Mandatory in BAPEPAM-LK No.
KEP-431BL2012
PR6 Programs for adherence to laws, standards, and
voluntary codes related to marketing communications, including advertising,
PR1 improvement, and
p p
er centage
of of
significant products an
an d
d services categories subject to s uc
uc h
proc c
e edures.
PR2 Total number
er o
o f
f in
in cidents of non-comp
l lian
an ce
ce wi
w th
re e
gu gula
lati ti
o ons and
d v
vo lu
ntary codes concer ning
g he
h alth
an an
d d safe
fe t
ty impacts of products and services during
thei ei
r life cycle, by type of out
co mes.
PR3 T
Ty pe
of product an d
se rvice
in format
io n
d required
b by proced
ur es
and per
cent ag
e of
signific an
t p
products and serv ic
es s ub
ject to su ch
inf or
mation requirem
en ts
ts .
Mand at
atory i
in BAP
EP P
AM-LK No No
KEP-43 1
BL20 012
PR PR4
4 Total number of incidents o
o f
f no no
n n-compliance with
regulations and voluntary codes concerning
pr d
oduct an n
d d
se se
r rvice info
fo rm
rm at
atio ion
n a
an d
labe li
ling ng
, ,
by by
ty ty
pe p
o o
f f
ou ou
tc omes.
PR5 Practices
related to customer
r satisfaction,
including results of surv veys meas
suring customer satisfaction.
Mandatory in BAPEPAM-LK No
KEP-431BL2012 Programs for adherence to l
l aws standards and
List Items of Voluntary Disclosure of Corporate Social Responsibility
Description: = Items that deducted from GRI list because the item already
regulated as mandatory to disclosed by regulation No. X.K.6 of Decision of the Chairman of Capital Market and Financial
Institution Supervisory Body BAPEPAM-LK No. KEP- 431BL2012.
promotion, and sponsorship.
PR7 Total number of incidents of non-compliance with
regulations and voluntary codes concerning marketing communications, including advertising,
promotion, and sponsorship by type of outcomes.
PR8 Total number of substantiated complaints
regarding breaches of customer privacy and losses of customer data.
PR9 Monetary value of significant fines for
noncompliance with
laws and regulations concerning the provision and use of products and
services.
Total Remains Items of Voluntary Disclosure 72
D Description:
= I
Item em
s s
th that
at d d
ed ed
uc uc
te te
d from m
G G
RI RI
l l
is ist
t be
because th
the e
it it
em em
a alr
lre eady
re regu
gu l
late e
d d
as m
an an
datory ry
t o di
i sc
sc l
lose d
d by
by r
r eg
egul ul
at at
io io
n n
No No
. X. X.K.6 of
Decision of the C
Chairman an of Capital Market and Financial
Institution Supe r
rvisory B Body BAPEPAM-LK No. KEP-
431BL2012. marketing communic
c at
at io
ions, includ d
in in
g g
advertising, promotion,
n, a
and sponsorship by type of outcome e
s. s.
PR8 Tota
a l
l number of sub
ub st
st an
n ti
ti at
at ed
ed complaints
regarding br r
ea ea
ch ch
es es
of customer privacy an an
d d
lo lo
s sses
of f
c c
us us
to om
mer da a
ta ta
.
PR PR9
9 Mo
Moneta a
r ry
v al
ue of sign if
icant fine s
fo r
non ncom
pliance wi
th laws and reg
ul ations
c co
nc er
ning the prov is
ion an d
us e of
p ro
du cts and
se rvices.
T To
tal Remains Item s
of V ol
untary D is
clos ur
e 72
APPENDIX II List Items of Mandatory Disclosure of Corporate Social Responsibility from
BAPEPAM-LK No.KEP-431BL2012 Point 2.h.1
Discussion regarding corporate social responsibility including policy, type of program, costs incurred based on BAPEPAM-LK. Description includes:
1. Environment, such as the use of materials and friendly environmental energy and could be recycle, companys waste management system, certification in
environment, etc 2. Employment practice, occupational safety and health, such as the equality of
gender and work opportunity, facilities and safety, employees turnover rate, work incident rate, training, etc
3. Social and community development, such as the use of local worker, community empowerment around companies, improvement of social
infrastructure, other form of donations, etc and 4. Products responsibility, such as consumer safety and health, products
information, infrastructure, the amount and countermeasures of consumers complaints, etc.
BAPEPAM AM
L -L
K K N
N o.
KE KE
P-431BL2012 Point 2.h.1
Discussion reg eg
a arding corporate
e soc
oc ia
i l resp
p on
n si
s bility includi
ding n
policy, type o program,
m, c
costs incurre e
d d
ba ba
se e
d on B B
AP A
EPAM AM
L -L
K K.
D Des
escr cr
ip iption include
s: s:
1. 1. Envi
i ro
ro nm
nm en
en t, such
h as
as t
he use of mate
rials an
and d
friendly ly
e e
nv nv
ir i
onment ntal energy
an and
d co co
uld be be
recycle, company s
waste manage me
nt nt syste
e m,
m, c c
er e
ti ti
fica ti
ti on in
en enviro
o n
nm ent, etc
2. 2. Em
m pl
oyment practice, o
ccupatio na
l safe ty
a nd
health, such as
s the e
equ qu
al a
ity o
o g
ge nder and
wor k oppo
rt un
it y,
fac ilit
ie s
and safety , em
ployee s
turno o
ver ra ra
te te
w wo
rk incident rate, tr
aining ,
etc 3.
3 S
So cial and c
om mu
mu ni
ni ty
ty development, su
su ch
ch as the use of
l loc
oc a
al wor or
ke ke
r community empowerment
ar arou
u nd
nd companies, improvement of
s soc
oc ia
infrastructure, other form of donations, etc and 4.
4. Pr
Pr od
od uc
uc ts
ts r
r es
es po
po ns
ns ib
ib il
il it
ity, s
s uc
uc h
h as
as c
con onsume
mer r
sa sa
fe fe
ty ty
a a
nd nd h
h e
ea l
lth, h,
p p
r roduct
in in
fo fo
rm rm
at at
i ion,
n, i
i n
nfrastructure, the amo
o u
unt and coun n
te te
rm rm
ea su
su re
res of of consumer
complaints, etc.
APPENDIX III List of Mining Companies 2012-2014
NO. IDX CODE
COMPANY NAME
1. ANTM
PT. Aneka Tambang, Tbk 2.
ATPK PT. ATPK Resources, Tbk
3. CITA
PT. Cita Mineral Investindo, Tbk 4.
CKRA PT. Cakra Mineral, Tbk
5. CTTH
PT. Citatah, Tbk 6.
DKFT PT. Central Omega Resources, Tbk
7. ELSA
PT. Elnusa, Tbk 8.
GEMS PT. Golden Energy Mines, Tbk
9. MITI
PT. Mitra Investindo, Tbk 10.
MYOH PT. Samindo Resources, Tbk
11. PTBA
PT. Tambang Batubara Bukit Asam, Tbk 12.
RUIS PT. Radiant Utama Interinsco, Tbk
13. SMMT
PT. Golden Eagle Energy, Tbk 14.
TINS PT. Timah, Tbk
NO. IDX CODE
CO CO
MP M
ANY NAME
1. ANTM
M PT. Aneka Tamban
n g,
g, Tbk
2. ATPK
PT PT
. AT ATPK
PK R R
es esou
ou rces, Tbk
3 3.
CI CI
TA TA
PT .
Cita M in
er al
l I
I nv
n esti
i ndo,
o, T
T bk
4. .
CK CK
RA PT. Cakra Mineral, T
bk bk
5. 5.
CTTH PT
. Ci tatah, Tbk
6. DKFT
PT. Ce nt
ra l
Omeg a Re
sources, T bk
7. 7
EL SA
PT. Elnusa, Tb k
8. GEMS
PT PT. Golden Energy Mines, Tbk
9. 9.
MI MI
TI TI
PT T.
Mi Mi
tr tra
a I Inve
ve st
st in
in do
do, Tb
Tb k
k 10.
MY MY
OH OH
PT. S Samindo Resource
ce s
s, T
T bk
11. PTBA
P PT. Tamban
n g Batubara Bukit Asam, Tbk
12. RUIS
P PT. Ra
Radiant Utama Interinsco, Tbk
APPENDIX IV Test Results for the New Model
4.1 Result of White Heteroscedasticity Test