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Because of this, they can drive the transition to a more sustainable future through financing, technical assistance and risk management. This study aims to identify the key drivers of sustainability performance in Indonesian banks by analyzing their sustainability reports.  \nDesign/methodology/approach – Grounded in stakeholder theory, we conducted a qualitative content analysis of the sustainability reports of two Indonesian banks (PT Bank CIMB Niaga Tbk [BNGA] and PT Bank Mandiri (Persero) [BMRI] from 2022 to 2023. The authors examined the alignment between materiality, strategy and stakeholder engagement, the presence of external assurance and the implementation of Green Taxonomy. The authors also analyzed the relationship between reported sustainability performance, firm valuation and environmental, social, and governance (ESG) risk ratings.  \nFindings – The four key drivers that influence the sustainability performance of banks are the alignment of materiality, strategy and stakeholder engagement; implementation of Green Taxonomy; strong sustainability governance; and effective risk management. By incorporating environmental and social performance alongside governance and economic performance, these banks have demonstrated a comprehensive approach to sustainability that can positively impact their firm valuation and ESG risk ratings. This analysis showed that BNGA prioritizes customer data security, privacy and governance. BMRI highlights its own unique strengthsin sustainability reporting with different priorities and commitments.  \nOriginality/value – This study contributes to the literature by providing insights into the specific drivers of bank sustainability performance in Indonesian. It offers practical recommendations for banks seeking to improve their sustainability practices and contribute to positive social and environmental impacts.  \nKeywords Sustainability performance, Materiality, Sustainability strategy, Stakeholder engagement, External assurance, Environmentally responsible lending  \nPaper type Research paper  \n1. Introduction  \nThe concept of sustainability has evolved from a local concern to a global imperative. Throughout history, societies have grappled with the challenge of managing resources and practices for long-term viability. From early civilizations facing depletion of agricultural land to the environmental impact of the industrial revolution, the need to balance human needs with environmental well-being is a recurring theme (Milne and Gray, 2013) . The modern understanding of sustainability encompasses environmental, social and economic  \nconsiderations, emphasizing responsible resource use, social equity and long-term economic prosperity.  \nIndonesia, a nation rich in natural resources and experiencing significant economic growth, faces a unique challenge: to achieve development that is sustainable (The Organization for Economic Cooperation and Development, 2018). Balancing economic prosperity with environmental and social responsibility demands innovative solutions (Gai et al., 2023; Ielasiet al., 2023; Tan et al., 2021). Recognizing this challenge, Indonesia has taken steps towards amore sustainable future. One key init","cbCaitLnnh2eMDFS","https://ap.wps.com/l/cbCaitLnnh2eMDFS","pdf",875956,"English","# Abstract\n## Purpose\n## Design/methodology/approach\n## Findings\n## Originality/value\n# Introduction","[{\"question\":\"What is the purpose of this study?\",\"answer\":\"The study aims to identify the key drivers of sustainability performance in Indonesian banks by analyzing their sustainability reports.\"},{\"question\":\"How was the research conducted?\",\"answer\":\"Using grounded stakeholder theory, the authors conducted a qualitative content analysis of sustainability reports from two Indonesian banks for 2022–2023.\"},{\"question\":\"What key drivers were found to influence sustainability performance?\",\"answer\":\"The four drivers are alignment of materiality, strategy and stakeholder engagement; implementation of Green Taxonomy; strong sustainability governance; and effective risk management.\"}]","Beyond the Bottom Line - A Qualitative Content Analysis of Sustainability Performance Drivers in Indonesian Banks | PDF",1792357704]