Comparative Study of Islamic Social Reporting (ISR) Index and Global Reporting Initiative (GRI) Index in Indonesian Go Public Companies

Abstract

Disclosure of social responsibility can be disclosed in the company's annual report or sustainable report. Disclosure of corporate social responsibility can be measured using the GRI Index or ISR Index. This study aims to determine whether there are significant differences in the disclosure in each aspect based on the GRI Index with the ISR Index considered to be more representative of social responsibility disclosure in sharia entities. This study uses secondary data in the form of annual reports obtained from the website of each company that is the research sample. The number of samples in this study is 36 annual reports from 18 companies with sharia shares in the agricultural and mining sectors listed on the Indonesia Stock Exchange for 2020-2021. The analytical techniques used in this study are scoring, descriptive statistics, classical assumption test and independent sample t test. The results of the study show that the investment and financial aspects, products and services, labor, social, environmental aspects and corporate governance aspects on the ISR index and the GRI index differ significantly. While the measurement of social responsibility as a whole shows that disclosure with the GRI index and ISR index is not significantly different