[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-618358-105":3,"detail-sidebar-cat-0-en-105":84,"doc-detail-618358-en":134},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":77,"head_meta":79,"extra_data":81,"updated_unix":83},105,"en","double-materiality-and-sustainability-reporting-a-qualitative-study-in-a-developing-country","Double materiality and sustainability reporting: a qualitative study in a developing country","","Double materiality is central to evaluating corporate sustainability performance. The study examines how Indonesian companies address double materiality in their sustainability reporting, emphasizing internal coordination between accounting and sustainability teams and external engagement with environmental, social, and governance (ESG) rating agencies. Using stakeholder theory, it combines semi-structured interviews with managers and content analysis of reports, annual reports, and company websites of eight listed firms to identify how priorities differ across stakeholder groups.",{"@graph":14,"@context":76},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/double-materiality-and-sustainability-reporting-a-qualitative-study-in-a-developing-country/618358/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/double-materiality-and-sustainability-reporting-a-qualitative-study-in-a-developing-country/618358.png","ImageObject",300,407,{"name":42,"@type":43},"นรินทร์","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-20","2026-10-19",true,{"@type":52,"interactionType":53,"userInteractionCount":22},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68,72],{"name":59,"@type":60,"acceptedAnswer":61},"What is the main purpose of the study on double materiality reporting?","Question",{"text":62,"@type":63},"To explore how Indonesian companies address double materiality communicated in their sustainability reports, focusing on internal accounting–sustainability interactions and external interactions with ESG rating agencies.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How did the authors conduct the research?",{"text":67,"@type":63},"They used stakeholder theory, drawing on semi-structured interviews with middle and executive-level managers and content analysis of sustainability reports, annual reports, and company websites of eight listed Indonesian companies.",{"name":69,"@type":60,"acceptedAnswer":70},"What do the findings indicate about Indonesian companies’ materiality priorities?",{"text":71,"@type":63},"Companies generally prioritize financial materiality, while banking and environmentally sensitive industries show a more balanced approach influenced by stronger regulatory pressure from powerful stakeholders.",{"name":73,"@type":60,"acceptedAnswer":74},"Why do the authors say addressing double materiality is challenging in Indonesia?",{"text":75,"@type":63},"Because materiality assessments and ESG ratings can be misaligned, and companies tend to respond mainly to dominant stakeholders rather than broader stakeholder interests.","https://schema.org",{"og:url":32,"og:type":78,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":80,"canonical":32},"index,follow",{"doc_id":82,"site_id":7},618358,1792482575,{"code":4,"msg":85,"data":86},"success",[87,91,95,99,104,109,114,118,123,126,130],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":88,"show_sort_weight":89,"slug":90},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":92,"show_sort_weight":93,"slug":94},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},"Exam",70,"exam",{"id":100,"doc_module":4,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},5,"Comic",60,"comic",{"id":105,"doc_module":4,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},6,"Technology",50,"technology",{"id":110,"doc_module":4,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},7,"Healthcare",40,"healthcare",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},8,30,"research-report",{"id":119,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},9,"Religion & Spirituality",20,"religion-spirituality",{"id":121,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":121,"slug":125},"World Cup","world-cup",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":127,"slug":129},10,"Lifestyle","lifestyle",{"id":131,"doc_module":4,"doc_module_name":25,"category_name":132,"show_sort_weight":100,"slug":133},19,"General","general",{"code":4,"msg":85,"data":135},{"doc_id":82,"user_id":136,"nickname":42,"user_avatar":137,"doc_module":4,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":138,"file_id":139,"file_url":140,"file_type":141,"file_size":142,"view_count":22,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":143,"language":144,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":145,"faqs":146,"seo_title":147,"seo_description":12,"update_tm":148,"read_time":149},2336475104957,"https://ap-avatar.wpscdn.com/avatar/22000c4c6bd8a5076e1?x-image-process=image/resize,m_fixed,w_180,h_180&k=1787554080175789136","MEDAR 34,1  \n90  \nReceived 24 November 2024 Revised 30 March 2025 25 May 2025  \nAccepted 18 June 2025  \nMeditari Accountancy Research Vol. 34 No. 1, 2026  \npp. 90-114  \n© Emerald Publishing Limited 2049-372X  \nDOI 10. 1108/MEDAR-11-2024-2738  \nDouble materiality and sustainability reporting: a qualitative study in a developing country  \nIwan Suhardjo and Chris Akroyd  \nDepartment of Accounting and Information Systems, University of Canterbury,  \nChristchurch, New Zealand  \nAstrid Rudyanto  \nDepartment of Accounting, Trisakti School of Management, Jakarta, Indonesia, and  \nMeiliana Suparman  \nDepartment of Accounting, Universitas Internasional Batam, Batam, Indonesia  \nAbstract  \nPurpose – Double materiality is crucial for assessing a company’s sustainability performance. This study aims to explore how Indonesian companies are addressing double materiality communicated in their sustainability reports. The authors do this by focusing on the internal interactions between accounting and sustainability teams, and external interactions with environmental, social and governance (ESG) rating agencies.  \nDesign/methodology/approach – Using stakeholder theory, this study reports on a qualitative study based on semistructured interviews with middle managers and executive-level managers as well as content analysis of company sustainability reports, annual reports and the company websites of eight listed Indonesian companies. Findings – The findings indicate that Indonesian companies generally prioritize financial materiality. However, banking and environmentally sensitive industries show a balanced approach where powerful stakeholders exert stronger regulatory pressure. Through a stakeholder theory lens, the authors found that collaboration between accounting and sustainability functions remains limited to compliance activities, demonstrating companies’tendency to prioritize salient financial stakeholders while marginalizing broader stakeholder concerns. A notable misalignment exists between companies’ materiality assessments and ESG ratings, reflecting divergent stakeholder prioritization approaches. This stakeholder power imbalance creates challenges to addressing double materiality as companies respond primarily to dominant stakeholders rather than addressing the broader stakeholder interests. Originality/value – This study explores how double materiality is addressed in Indonesia, a developing country with mandatory sustainability reporting regulations. The authors analyze both internal organizational dynamics and external influences to provide insights into how double materiality issues are identified and prioritized across different stakeholder groups.  \nKeywords Double materiality, Sustainability reporting, Sustainability performance, Stakeholder theory, Developing country, Indonesia  \nPaper type Research paper  \n1. Introduction  \nA new age of sustainability reporting has been brought about by the European Union’s Corporate Sustainability Reporting Directive. This directive aims to enhance transparency and accountability by requiring companies to communicate their environmental, social and governance (ESG) performance and impacts (Hummel and Jobst, 2024; La Torre et al., 2018) . This goes beyond just the disclosure of nonfinancial information by promoting sustainable practices (Busco et al., 2021) . This directive is based on the idea of “double materiality  \nassessment,” whereby financial materiality regarding sustainability is extended to two aspects of Meditari  \nmateriality: impact materiality and financial materiality which both need to be communicated in Accountancy sustainability reports (Barker and Mayer, 2024). Research  \nWhile the financial materiality of sustainability describes how sustainability affects a company’s financial performance and prospects, the impact materiality of sustainability pertains to the ways in which an organization’s operations affects external stakeholders and  \nthe wider community (Garst et al.,","cbCaiaQknD0wvMSF","https://ap.wps.com/l/cbCaiaQknD0wvMSF","pdf",548809,25,"English","# Abstract\n# Purpose\n# Design/methodology/approach\n# Findings\n# Originality/value\n# 1. Introduction","[{\"question\":\"What is the main purpose of the study on double materiality reporting?\",\"answer\":\"To explore how Indonesian companies address double materiality communicated in their sustainability reports, focusing on internal accounting–sustainability interactions and external interactions with ESG rating agencies.\"},{\"question\":\"How did the authors conduct the research?\",\"answer\":\"They used stakeholder theory, drawing on semi-structured interviews with middle and executive-level managers and content analysis of sustainability reports, annual reports, and company websites of eight listed Indonesian companies.\"},{\"question\":\"What do the findings indicate about Indonesian companies’ materiality priorities?\",\"answer\":\"Companies generally prioritize financial materiality, while banking and environmentally sensitive industries show a more balanced approach influenced by stronger regulatory pressure from powerful stakeholders.\"},{\"question\":\"Why do the authors say addressing double materiality is challenging in Indonesia?\",\"answer\":\"Because materiality assessments and ESG ratings can be misaligned, and companies tend to respond mainly to dominant stakeholders rather than broader stakeholder interests.\"}]","Double materiality and sustainability reporting: a qualitative study in a developing country | PDF",1792447730,63]